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)