US and Russia officials have held talks about reviving Russian gas sales to Europe: The first "cold" winter since Europe lost most of its piped gas flows from Russia has rapidly depleted the continent’s gas stockpiles. The market was further tightened by a drop in wind generation, which increased demand for power from gas-fired plants, just as the region was dealing with the end of fuel transit via Ukraine. Meanwhile, Moscow has long sought to secure a deal on the Power of Siberia 2 link with China to strengthen ties. Russia has become increasingly dependent on sales to China as it struggles to replace the European market, which dramatically reduced after the invasion of Ukraine in 2022. For Beijing, with other supply options and a policy of diversifying imports, an agreement has been far less urgent. China has continued to register record domestic gas production, hitting 22.7 billion cubic meters in March, 5% higher than a year earlier. Domestic output could keep rising throughout 2025, driven by Beijing's energy-security imperative and support from state energy companies. Concurrently, gas imports via pipelines could keep climbing at a double-digit percentage rate in 2025 due to greater inflows from Russia. China's seaborne LNG import volume could fall by as much as 10% in 2025, and 20% if U.S. tariffs remain in place. Terminal users can use {DSET LNG} and {WFOR} for relevant datasets.