Finance
Russia's LNG exports fall 2% in January-November, data shows
Published by Global Banking and Finance Review
Posted on December 1, 2025
2 min readLast updated: January 20, 2026
Global Banking and Finance Review
Company
Published by Global Banking and Finance Review
Posted on December 1, 2025
2 min readLast updated: January 20, 2026
Russia's LNG exports decreased by 2% in Jan-Nov due to sanctions, with Arctic LNG 2 shipments mainly to China. November saw a 10% year-on-year rise.
MOSCOW, Dec 1 (Reuters) - Russia's exports of liquefied natural gas fell by 2% in January-November to 28.4 million metric tons, LSEG data showed on Monday.
For November alone, Russian LNG shipments increased by 10% to 3.19 million tons from a year earlier, while slipping by 4.5% from October, when supplies reached a monthly record high.
The launch of supplies from the Arctic LNG 2 plant boosted exports on a year-on-year basis in October and November.
However, LNG exports from Russia are down since the start of this year as they have been curbed by U.S. sanctions over Ukraine, notably against the new Arctic LNG 2 plant, which have significantly limited the use of the tanker fleet for fuel transportation.
Exports from Arctic LNG 2 are all going to China. China received its first LNG cargo from the sanctioned Russian project at the end of August, ship-tracking data from Kpler and LSEG showed, days before a meeting between Russian President Vladimir Putin and Chinese President Xi Jinping.
LNG exports from Russia to Europe in the first 11 months of this year fell by 16% year on year to 12.3 million tons. In November alone, exports to the same route reached around 1.3 million tons, broadly on a par with the same month a year ago.
Shipments from Novatek's Yamal LNG plant rose by 2.4% in November year on year to 1.7 million tons.
Since the beginning of the year, exports from Yamal LNG have decreased by 5% year on year to 16.9 million tons.
Supplies from Arctic LNG 2 declined last month to 224,000 tons from 298,000 tons in October.
Since the start of the year, supplies from the project totalled 1.1 million tons. End-buyers in China received around 1 million tons, including from the project's storage facilities.
Asia-oriented Sakhalin-2, controlled by Gazprom, saw exports decline 2% year-on-year in November to 0.98 million tons.
(Reporting by Reuters; Editing by Susan Fenton)
Liquefied natural gas (LNG) is natural gas that has been cooled to a liquid state, making it easier to store and transport. It is primarily composed of methane and is used for heating, electricity generation, and as a fuel for vehicles.
The Arctic LNG 2 plant is a liquefied natural gas facility located in Russia's Arctic region. It is designed to produce LNG for export, primarily targeting markets in Asia, particularly China.
LNG exports are significant as they contribute to a country's economy by generating revenue, creating jobs, and enhancing energy security. They also play a crucial role in global energy markets.
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