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Russia’s LNG exports down 70% m/m in Oct – customs

Liquefied natural gas (LNG) export volumes from Russia declined by 70% in October from September to 2 million cubic metres, according to customs data.

They was also sharply down from 9.4 million cubic metres in October 2019.

There are two major LNG producing plants in Russia: Yamal LNG, led by Novatek, and Sakhalin 2, led by Gazprom . There was no explanation for the exports decline and no breakdown of the data.

The customs data also showed that sales of LNG fell by 85% in October from September to $67.2 million.

According to the statistics, volumes of Russian LNG exports rose in January-October by 1.8% year-on-year to 57.1 million cubic metres.

They generated sales of almost $6 billion for the period, down 15%, amid weaker prices.
Source: Reuters (Reporting by Oksana Kobzeva; writing by Vladimir Soldatkin; editing by Mark Potter)

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