Russia's first-quarter LNG exports up 4.3%, Kommersant reports
MOSCOW, April 8 (Reuters) - Russian exports of liquefied natural gas (LNG) rose to 8.7 million metric tons in the first quarter, up 4.3% from a year earlier, with a rise in supply to the European Union and less going to Asia, the Kommersant daily reported on Monday citing Kpler data.
Russia has been cranking up supply of sea-borne super cooled LNG to compensate for a fall in pipeline gas exports to Europe, which has drastically reduced its energy reliance on Moscow following the start of the conflict in Ukraine in February 2022.
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Russian LNG exports to Asia fell by 7% to 3.16 million tons, while supply to the EU increased by 4% to almost 5 million tons, the Kommersant reported citing Kpler. Around 550,000 tons were not nominated for a destination.
In March, according to Kommersant, the fall in exports to Asia was more pronounced - supplies to the region declined by 30% to 860,000 tons while exports to Europe edged by up 3% to 1.55 million tons. Some 470,000 were not nominated, it added.
According to LSEG data, Russian LNG exports were broadly stable at 8.1 million tons in the January-March quarter with supply to Asia down by almost 9% and deliveries to Europe up 4.3%.
Novatek-led Yamal LNG and Gazprom-controlled Sakhalin Energy are the two largest suppliers of Russian LNG.
Russian LNG, unlike oil, is not subject to Western sanctions.
(Reporting by Vladimir Soldatkin and Oksana Kobzeva; editing by Sonali Paul and Jason Neely)