China reduces imports of oil, gas in 2022

In the first eight months of 2022, China reduced the volume of oil and gas imports in annual terms by 4.7% and 10.2%, respectively, Report informs, citing the General Administration of Customs of the People's Republic of China.

In January-August, China imported 330.17 million tons of oil; in terms of price, the purchase of crude oil from abroad cost $243.145 billion, which is 48.7% more than in the same period of 2021. In August, China imported 40.354 million tons of oil for $30.5 billion.

The volume of natural gas imports in the first eight months of 2022 amounted to 71.04 million tons worth $42.4 billion (an increase of 44.4% in price). In August, China imported 8.84 million tons of gas for $5.94 billion.