Why does this matter? China gets more than 50% discount on LNG imports from Russia is a massive sign of Russian desperation and China putting the screws to them.
Russia isn’t doing this because they really like China. This shows they have no leverage or options at this point. The big picture of money coming in for Russia greatly affects their warfighting capability. This type of agreement is worth paying attention to.
China is the one state actor that has the leverage to stop the two major wars if they wanted.
If that’s true, they aren’t stopping them because the wars benefit them. Russia being bogged down in Ukraine is giving them great leverage over the country as we can see from this news. Russia is no longer a serious power and instead a Chinese vassal. Iran on the other hand is bogging down the US and weighing on Trump’s popularity.