RT.com
25 Jun 2025, 16:24 GMT+10
The drop has been due to export restrictions prompted by increasing demand in the Russian Far East, according to an energy company CEO
Moscow's supply of electricity to China saw a major year-over-year drop in the first half of 2025, according to the state-run power exporting company Inter RAO. The decline has been attributed to internal supply restrictions rolled out in response to growing demand in Russia's Far East.
Russia is a key electricity supplier to China, the world's number one power consumer. In 2024, the East Asian nation accounted for a third of global power demand, according to global energy think tank Ember Energy.
Electricity exports to China have dropped 44% in the first half of the year, Inter RAO CEO Sergey Drevgal told Vedomosti. He also noted that Russia's total electricity exports fell by 17.6% in 2024 to 8.53 billion kilowatt-hours.
Speaking with journalists at a briefing during the St. Petersburg International Economic Forum (SPIEF), the company's head highlighted that the major decrease in supplies to the neighboring country had been caused by export restrictions prompted by soaring electricity demand in the Russian Far East and a shortage of hydro resources in eastern hydroelectric reservoirs.
"Given the ongoing restrictions, we are forced to forecast that electricity supplies to China this year will fall below the 2024 level," Drevgal said.
Last year, Russia's power supplies to China amounted to 0.9 billion kilowatt-hours, marking a major decrease compared to the 3.1 billion kilowatt-hours recorded in 2023.
Drevgal added that electricity exports to Kazakhstan (the biggest importer of electricity from Russia) and Mongolia are expected to remain high in 2025.
The CEO also said that the volume of electricity exported to Kyrgyzstan will directly depend on the transmission capacity of the power grid in neighboring Kazakhstan.
He refrained from forecasting the overall volume of electricity exports, saying that the final outcome will depend on a number of factors, including electricity consumption trends in Russia and abroad, price dynamics in domestic and foreign power markets, exchange rates, and other variables.
(RT.com)
Get a daily dose of Vietnam Tribune news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Vietnam Tribune.
More InformationBANGKOK, Thailand: Thailand's government is facing its biggest crisis in nearly a year, as Prime Minister Paetongtarn Shinawatra's...
In Nepal's latest attempt to silence online speech, police are trying to arrest a well-known journalist who published on his YouTube...
The drop has been due to export restrictions prompted by increasing demand in the Russian Far East, according to an energy company...
Geneva [Switzerland], June 25 (ANI): The United Kashmir People's National Party (UKPNP) held a demonstration outside the United Nations...
Leeds [US] June 25 (ANI): India's Rishabh Pant and England's Ben Duckett have achieved career-best ratings in the latest ICC Men's...
New York [US], June 25 (ANI): New York State Assembly member Zohran Mamdani has said that he is 'honoured' to be the Democratic nominee...
KHAN YOUNIS, Gaza - Seven Israeli soldiers were killed in a large explosion in southern Gaza's Khan Younis area on Tuesday night,...
DUBAI, U.A.E.: Iran's top clerics are quietly accelerating succession plans for Supreme Leader Ayatollah Ali Khamenei, who was threatened...
BEIJING, China: Extreme weather is once again testing China's resilience, as intensifying monsoon rains trigger floods across major...
LONDON/PARIS: British and French authorities have warned people to stay safe as an early summer heat wave brings unusually high temperatures...
ANKARA, Turkey: Amid rising tensions in the Middle East, the Organisation of Islamic Cooperation (OIC) announced it would form a new...
WASHINGTON DC, - U.S. President Donald Trump has claimed a ceasefire has been reached between Israel and Iran. He made the claim on...