The EU bought greater than half of the volumes regardless of vows to get rid of dependence on the sanctioned nation’s vitality, knowledge exhibits
Russia exported a file 33.6 million tons of liquefied pure fuel (LNG) final 12 months, greater than half of which went to the EU market, enterprise each day RBK reported on Tuesday, citing knowledge from analytics agency Kpler.
The determine represents a 4% improve from the earlier file of 32.9 million tons set in 2022, the report famous. Furthermore, Russia achieved a brand new milestone in December, exporting 3.25 million tons of LNG – an almost 14% improve in comparison with the earlier month and 1.3% larger than the earlier excessive set in December 2023.
According to Kpler, the biggest share of Russia’s LNG exports final 12 months got here from the nation’s Yamal LNG facility, with shipments totaling 21.1 million tons – up 6% over 2023. In distinction, exports from Sakhalin-2 declined by 3.1% to 9.9 million tons. At the identical time, shipments from Vysotsk, dwelling to mid-scale crops Gazprom LNG Portovaya and Kriogaz-Vysotsk, rose by 3.4% to 2.31 million tons.
The knowledge additionally confirmed that some 186,000 tons have been shipped from the Utrenny terminal, a part of the Arctic LNG 2 venture. Additionally, Kpler recognized one other 135,000 tons of Russian LNG shipments as originating from an unspecified port.
The report aligns with statements made by Russian Deputy Prime Minister Aleksandr Novak that in December the nation’s LNG exports would attain roughly 33 million tons by the top of 2024.
“We have major projects underway… with new [plants] under construction. LNG is being supplied to both European and Asian countries,” Novak mentioned on the time, emphasizing that the LNG market is “highly competitive” and that the variety of international locations buying Russian gas is “significant.”
The EU accounted for about 17.4 million tons, or 52%, of Russia’s complete LNG exports in 2024, representing a 4% improve over 2023, based on the report. The surge in imports got here regardless of the EU’s efforts to curb reliance on Russian vitality.
In June, Brussels focused Russian LNG for the primary time, banning re-loading operations, ship-to-ship transfers, and ship-to-shore transfers with the aim of re-exporting to 3rd international locations by way of the EU. The sanctions have a nine-month transition interval.
France, Spain, Belgium, and the Netherlands have been the biggest patrons of Russian LNG throughout the EU final 12 months, based on the report.
Meanwhile, roughly 45% of complete exports, equal to fifteen.2 million tons, have been directed to Asian markets. China led as the highest purchaser within the area, importing 7 million tons, adopted by Japan with 5.7 million tons.
Other locations included Türkiye and Kuwait. The latter considerably boosted its imports to 220,000 tons, a threefold improve over 2023 buy volumes. Additionally, 336,000 tons of Russian LNG have been shipped to unspecified locations, based on Kpler knowledge.
(RT.com)