18.04.2019
Russia’s LNG Exports Surge By 81 % In Jan-Feb Year-on-Year To 321 Mln Cubic Feet — Customs

Russia’s LNG Exports Surge By 81 % In Jan-Feb Year-on-Year To 321 Mln Cubic Feet — Customs



Russia’s liquefied natural gas (LNG) exports skyrocketed by 81 % in January-February 2019 year-on-year, totaling 9.1 million cubic meters (over 321 million cubic feet) and generating over $1.4 billion in revenues for the country, the Russian Federal Customs Service said.

At the same time, the country has slightly cut its natural gas exports, which fell by 2.7 % to 38.5 billion cubic meters, the service said.

According to the service’s data, state revenues from the natural gas sales grew, regardless of the fact that the amount of the exported fuel dropped, and reached $9.2 billion.

In February, LNG exports fell by over 31 % compared to the previous month, totaling 3.7 million cubic meters and generating $687 million in revenues, which is 8.4 less than in January.

In contrast, natural gas sales increased by 10.3 % in February compared to January to 20.2 billion cubic meters, with state revenues amounting to $4.7 billion, up 5.7 % compared to the previous month.

Over the whole of 2018, Russia sold 36.7 million cubic meters of LNG for $5.3 billion, along with 220.6 billion cubic meters of natural gas for over $49 billion.

Source: www.hellenicshippingnews.com