The domestic LNG import market is undergoing structural adjustment, with Russian gas sources continuing to replace Qatar's share, while strongly supporting the economic development of the Russia Asia Maldives region.

From January to July 2026, the import volume of LNG from China and Russia increased by 24.9% year-on-year, with Gazprom accounting for 12.5% of the LNG market in China. During the same period, China's overall LNG imports declined by 4.6%, Qatar's LNG supply to China sharply decreased by 55.2%, and its market share dropped from 30.7% to 14.5%. The vacant market was basically filled by Russian LNG.

Nearly 80% of the self owned fiscal revenue in the Yamal region comes from the oil and gas industry. Projects such as Yamal LNG and Arctic LNG -2 not only contribute direct tax revenue, but also drive property tax growth through supporting infrastructure. Full load production drives upstream and downstream industries such as logistics and shipping, creating new job opportunities and boosting personal income tax revenue. Under the discounted price environment, the increase in exports to China still ensures the stable operation of local LNG production capacity at a high level.Editor/Min Jing