XM does not provide services to residents of the United States of America.

Russian LNG exports to Europe fell 1.9% in 2023 - LSEG data



<html xmlns="http://www.w3.org/1999/xhtml"><head><title>Russian LNG exports to Europe fell 1.9% in 2023 - LSEG data</title></head><body>

MOSCOW, Jan 2 (Reuters) -Russian exports of liquefied natural gas (LNG) to Europe fell 1.9% to 15.8 million metric tons in 2023, and LNG exports to Asia fell 11% to 14.9 million tons, LSEG data showed on Tuesday.

Europe increased purchases of LNG from global producers in 2023 while sharply cutting its imports of Russian pipeline gas in response to the conflict in Ukraine.

Overall LNG exports from Russia were down 6% last year to 31 million tons due to planned repairs at plants during the summer. But in December 2023, Russian LNG exports reached a record level of 3.2 million tons, of which 1.9 million tons were from Yamal LNG.

Russia's largest LNG producer, Novatek NVTK.MM provided the bulk of the exports, shipping 18.7 million tons from the Yamal LNG project in the Arctic and 800,000 tons from Kriogaz-Vysotsk on the Baltic Sea, according to preliminary LSEG data.

The Gazprom-led Sakhalin-2 project in the Pacific part of Russia reduced its LNG exports by 10% to 10.1 million tons in 2023.

Launched in September 2022, the medium-tonnage Gazprom LNG Portovaya project exported 1.4 million tons LNG in 2023, mainly to Turkey and Greece, although three shipments went to China, one of them via the Northern Sea Route through the Arctic.

Gazprom and Novatek did not respond to requests for comment.


LNG exports from Novatek and Gazprom projects in 2023 and 2022 by shipping region, in millions of tons:


mln tons

2023

2022

Yamal LNG

18.7

20.8

-Europe

13.9

15.1

-Asia

4.6

5.2

Sakhalin-2 (Asia)

10.1

11.2

Kriogaz-Vysotsk

0.8

0.7

-Europe

0.8

0.7

LNG Portovaya

1.4

0.4

-Europe

1.1

0.3

-Asia

0.2

0.0

Total Asia

14.9

16.7

Total Europe

15.8

16.1

Total LNG exports

31.0

33.0



Reporting by Oksana Kobzeva

</body></html>

Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.

All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.

Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.

Risk Warning: Your capital is at risk. Leveraged products may not be suitable for everyone. Please consider our Risk Disclosure.