The China marketing arm of Russia’s Novatek is looking to sell LNG shipments into China as it aims to break into the new market Reuters sources report.

• Novatek began building a China-based team to explore marketing Russian fuel according to Reuters reports in February.
• The marketing push comes as Russia struggles for outlets for its gas as it moves away from Europe.
• Novatek's China team is offering 15,000 metric tons of LNG, part of a 75,000-ton cargo sourced from its majority-owned Yamal project in the Arctic, that is due to arrive later this month.
• The bulk of the cargo has been sold to Beijing Gas Group.
• With growing domestic gas production and increasing piped gas supply from Russia, LNG dealers face thin margins.
• Buyers also expect discounts on Russian cargoes because of the lack of global competition due to hesitancy buying Russian supplies.