Russian LNG Exports to Europe Fell 1.9% in 2023

Tuesday, January 2, 2024

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 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)

Categories: Energy LNG Europe Asia Cargo Liquid Bulk

Related Stories

Oil Hikes 7% after Trump Says US-Israel will Keep Striking Iran

Eni Exits Consortium for Oil and Gas Exploration Offshore Israel

Asian Buyers Rush for Russian Oil Amid Supply Disruption

Iran War Sends LNG Prices Soaring, Curbing Asia Demand

Oil Falls on Middle East Ceasefire Hopes, Easing Supply Fears

IEA Unleashes Record 400M Barrel Oil Stockpile Release Amid Iran War Disruptions

Oil Drops 7% After Trump Predicts War Could End Soon

Oil Up 8% as Middle Eastern War Rages

Vantage Drilling’s Ultra-Deepwater Drillship Heads to India Under $260M Contract

Japan’s JERA Agrees Long-Term LNG Supply from Middle East

Current News

Oil Hikes 7% after Trump Says US-Israel will Keep Striking Iran

Iran Assures Safe Hormuz Transit for Philippine Vessels

EnQuest Enters Malaysia with Cendramas Production Sharing Deal

Bahrain Push for Hormuz Shipping Resolution Hits Hurdles at UN

Energean Warns Prolonged Conflict May Delay $1B Gas Project

Iran War Reshapes Global LNG Trade

Drone Strike on Kuwaiti Oil Tanker off Dubai Signals Further Escalation in Gulf

INPEX Extends Pertamina LNG Pact, Signs Upstream MoU in Southeast Asia

Chiyoda, NYK, KNCC Target Global CCS Value Chain Development

PV Drilling Names New ‘Super Rig’ ahead of April Operations

Magazine

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com