Russia's LNG exports up 8.6% in January to April
Russia's exports of liquefied natural gas rose 8.6% in January to April to 11.4 MM tonnes (t) from the same period last year due to supplies from the Arctic LNG 2 project, which reached 1 MMt in the first four months of the year, preliminary LSEG data showed on Tuesday.
U.S. sanctions against Moscow over the Ukraine conflict have restrained Russian LNG exports, particularly from the Arctic LNG 2 plant, where operations have been hindered owing to difficulty securing buyers.
In April alone, total Russian exports of LNG rose 13.2% from a year ago to 2.92 MMt.
Data also showed that Russian LNG exports to Europe in January to April jumped 20.8% year-on-year to 6.4 MMt. In April, they rose to around 1.6 MMt from 1.2 MMt a year earlier.
In January, EU countries gave their final approval to ban Russian gas imports by late-2027.
Total exports from Novatek's Yamal LNG plant in the January to April period fell by 1.5% year-on-year to 6.5 MMt.
Asia-oriented Sakhalin-2, controlled by Gazprom, exported 3.7 MMt in the first four months of the year, up from 3.6 MMt during the same period last year.
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