Those benefiting from a second Russian gas deal are Chinese gas distributors such as China Gas Holdings and Beijing Enterprises . They will transmit greater volumes to consumers, and reap more revenue. China also needs to build infrastructure to receive gas from western Siberia, a boon for equipment makers like Hilong .
The first Russia-China deal roiled global gas markets with its low sales price. The second deal should also drive home the point that it’s now a buyers’ market in gas.