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Shipments to Europe have broken a historical record!
Russian LNG exports to Europe in November turned out to be the highest in history — 1.75 million tons, while supplies to China declined significantly. In general, November LNG exports from the Russian Federation are at a high level of 2.914 million tons, only slightly below the annual maximum. In January—November, Russia exported 29.12 million tons of LNG, which is 2.5% less than a year earlier. Analysts explain the reorientation of LNG supplies from Russia by congestion on the Panama Canal, which led to the fact that exporters with shorter transport leverage, including the Russian Federation, preferred the European market to the Asian one.
Russian LNG exports to Europe in November broke a historical record, reaching 1.75 million tons, according to Kpler data. The previous record — 1,737 million tons — was set in December 2022. In general, LNG shipments from Russia increased by 9.3% year-on-year in November, amounting to 2.914 million tons.
The largest volumes in November went to France, where six shipments were shipped from NOVATEK's Yamal LNG plant, and to Belgium, where ten shipments came from NOVATEK's medium-tonnage Cryogaz-Vysotsk plant.
At the same time, shipments to China fell sharply in November, to 0.1 million tons, while 0.8 million tons were delivered to the country last month.
In November, Japan and South Korea continued to fully choose their nominations for long-term contracts with Gazprom's Sakhalin-2: shipments from the plant to Japan increased by 22% year-on-year, to 0.64 million tons, and to South Korea — by 50% to 0.28 million tons.
Viktor Katona from Kpler points to a strong increase in LNG imports to China in November as a whole, therefore, the redirection of Russian supplies, according to his estimates, is caused not by weak Chinese demand, but by the greater attractiveness of the European market.
https://www.kommersant.ru/doc/6379070
Russian LNG exports to Europe in November turned out to be the highest in history — 1.75 million tons, while supplies to China declined significantly. In general, November LNG exports from the Russian Federation are at a high level of 2.914 million tons, only slightly below the annual maximum. In January—November, Russia exported 29.12 million tons of LNG, which is 2.5% less than a year earlier. Analysts explain the reorientation of LNG supplies from Russia by congestion on the Panama Canal, which led to the fact that exporters with shorter transport leverage, including the Russian Federation, preferred the European market to the Asian one.
Russian LNG exports to Europe in November broke a historical record, reaching 1.75 million tons, according to Kpler data. The previous record — 1,737 million tons — was set in December 2022. In general, LNG shipments from Russia increased by 9.3% year-on-year in November, amounting to 2.914 million tons.
The largest volumes in November went to France, where six shipments were shipped from NOVATEK's Yamal LNG plant, and to Belgium, where ten shipments came from NOVATEK's medium-tonnage Cryogaz-Vysotsk plant.
At the same time, shipments to China fell sharply in November, to 0.1 million tons, while 0.8 million tons were delivered to the country last month.
In November, Japan and South Korea continued to fully choose their nominations for long-term contracts with Gazprom's Sakhalin-2: shipments from the plant to Japan increased by 22% year-on-year, to 0.64 million tons, and to South Korea — by 50% to 0.28 million tons.
Viktor Katona from Kpler points to a strong increase in LNG imports to China in November as a whole, therefore, the redirection of Russian supplies, according to his estimates, is caused not by weak Chinese demand, but by the greater attractiveness of the European market.
https://www.kommersant.ru/doc/6379070
