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HomeLatestRussian LNG exports to Japan skyrocket

Russian LNG exports to Japan skyrocket

Supplies greater than tripled final month

Tokyo considerably elevated purchases of liquefied pure gasoline (LNG) from Russia in August, in accordance with commerce statistics launched by the Japanese Finance Ministry this week.

According to the information, Russian LNG provides to Japan grew by 211.2% in amount in comparison with August 2021. In phrases of worth, imports of Russian LNG soared by greater than 380%.

In distinction, purchases of Russian oil in August dropped by 20.3% year-on-year by way of amount and by 54.1% with regard to worth. Japan additionally purchased much less Russian coal (32.6% drop), however the price was 120% greater than final 12 months.

Japan’s exports to Russia additionally grew final month, with shipments of computer systems growing 107.1%, and pc elements, 161.6%. However, attributable to sanctions, provides of semiconductors to Russia ceased earlier this 12 months. Export of buses and vans to Russia dropped, whereas the export of vehicles elevated by 5.8%.

Japan has supported the response of the US and EU to Russia’s navy operation in Ukraine, imposing sanctions on Russian people, firms, the banking sector, and over 300 export and import objects. However, Tokyo has been reluctant to jeopardize its power provide, and just lately urged its firms to maintain their shares in Russian oil and gasoline initiatives to make sure additional entry to provides.

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