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

BP Expands Oil and Gas Scope in Azerbaijan with New Projects and Exploration Rights

Azeri SOCAR Plans New Agreements with Oil and Gas Majors

TPAO, SOCAR and BP to Ink Caspian Sea Oil and Gas Production Deal

CIP, ACEN Partner Up for First Large-Scale Offshore Wind Farm in Philippines

Valeura Concludes Eight-Well Drilling Campaign in Gulf of Thailand

Velesto’s Jack-Up Rig Set for Drilling Job off Indonesia

EnQuest Bags Two Production Sharing Contracts off Indonesia

VARD Snags $125M Shipbuilding Deal for Subsea Construction Vessel

Shell Predicts 60% Rise in LNG Demand by 2040 with Asia Leading the Way

ADNOC Secures LNG Supply Deal with India's BPCL

Current News

Fugro Expands Geotechnical Testing Capabilities in Indonesia

UK Firm Secures Exploration Extension for Two Blocks off Vietnam

ABL Lands Work on BP’s Indonesian Gas and CCUS Project

CNOOC Starts Production at Offshore Field in South China Sea

MODEC, Carbon Clean to Advance FPSO-Mounted Carbon Capture Tech

Aker Solutions, PTAS JV Hooks Brownfield Services Extension off Brunei

CDWE Wraps Up Pin Pile Installation Job for Taiwanese Offshore Wind Farm

BP Expands Oil and Gas Scope in Azerbaijan with New Projects and Exploration Rights

Azeri SOCAR Plans New Agreements with Oil and Gas Majors

TPAO, SOCAR and BP to Ink Caspian Sea Oil and Gas Production Deal

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