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LNG: Russian LNG Exports Increase 3% y/y in 2024

LNG
Energy BulletsBulletPower BulletsCommodities

Russian LNG export volumes increased by 3% y/y in 2024 exceeding 32 million metric tons according to LSEG.

  • Europe took around 50% while China pulled in 7 million tonnes.
  • France took 5.6 million tonnes followed by Belgium and Spain.
  • The Novatek-led Yamal LNG plant increased exports in 2024 by 5.4% y/y to 19.6 million tons.
  • U.S. sanctioned Arctic 2 has exported 6 cargoes since it began in August according to the U.S. Department of the Treasury.
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Russian LNG export volumes increased by 3% y/y in 2024 exceeding 32 million metric tons according to LSEG.

  • Europe took around 50% while China pulled in 7 million tonnes.
  • France took 5.6 million tonnes followed by Belgium and Spain.
  • The Novatek-led Yamal LNG plant increased exports in 2024 by 5.4% y/y to 19.6 million tons.
  • U.S. sanctioned Arctic 2 has exported 6 cargoes since it began in August according to the U.S. Department of the Treasury.