China has increased its oil and gas imports.

China in January-July 2023 increased the volume of imports of oil and natural gas by 12.4% and 7.6%, respectively, according to data released on Tuesday by the General Administration of Customs of the People’s Republic of China.

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During the reporting period, China imported 325.752 million tons of oil, in terms of price, the purchase of crude oil from abroad cost $187.293 billion, which is 12.3% less than in the same period in 2022. In July, China purchased 43.686 million tons of oil from abroad for $23.904 billion.

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The volume of natural gas imports in January-July 2023 amounted to 66.876 million tons in the amount of $36.9 billion (in price terms, an increase of 1.1%). In July, China bought 10.3 million tons of natural gas from abroad for $4.9 billion.

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Coal imports in the first seven months of 2023 amounted to 261.184 million tons (an increase of 88.6%) and cost China $31.563 billion (an increase of 41.4% in price terms). In July, China bought 39.26 million tons of coal from abroad for $3.867 billion.