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Russia's LNG Exports Up 8.6% in January to April, Data Shows

MOSCOW, May 5 (Reuters) - Russia's exports of liquefied natural gas rose 8.6% in January to April to 11.4 ​million metric tons from the same period ‌last year due to supplies from the Arctic LNG 2 project, which reached 1 million tons in the first ​four months of the year, preliminary LSEG ​data showed on Tuesday.

U.S. sanctions against Moscow over ⁠the Ukraine conflict have restrained Russian LNG ​exports, particularly from the Arctic LNG 2 plant, where ​operations have been hindered owing to difficulty securing buyers.

In April alone, total Russian exports of LNG rose 13.2% from a ​year ago to 2.92 million tons.

Data also ​showed that Russian LNG exports to Europe in January to April ‌jumped ⁠20.8% year-on-year to 6.4 million tons. In April, they rose to around 1.6 million tons from 1.2 million tons a year earlier.

In January, EU ​countries gave their ​final approval ⁠to ban Russian gas imports by late-2027.

Total exports from Novatek's Yamal LNG ​plant in the January to April period ​fell ⁠by 1.5% year-on-year to 6.5 million tons.

Asia-oriented Sakhalin-2, controlled by Gazprom, exported 3.7 million tons in the ⁠first ​four months of the year, ​up from 3.6 million tons during the same period last year.

Reporting ​by Reuters; editing by Guy Faulconbridge and Louise Heavens

Source: Reuters


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