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Data shows that Russian LNG exports between January and August fell by 6.3%.

LSEG released preliminary data on Monday showing that Russia's exports in January-August of liquefied gas decreased by 6.3% compared to a year ago, to 19.3 millions metric tons. This was due to a steep decline caused by the Yamal LNG Project.

U.S. sanctions against Ukraine have also slowed down LNG exports, particularly from Russia. The new Arctic LNG 2 facility has been effectively frozen due to the difficulties Moscow faces in finding buyers.

Ship-tracking data provided by Kpler and LSEG revealed that China received its first LNG shipment from the sanctioned Russian Project last week. This was just days before a summit between Russian President Vladimir Putin, and Chinese President Xi Jinping.

LSEG data show that in August, Russia's exports of LNG fell by 24.5% on an annual basis to 2.07 million tons. This is up 3% compared to July.

In the period January-August, Russian LNG exports into Europe fell by 16.8% on an annual basis to 9.4 millions tons. In August, the decline was 38.5% on an annual basis.

Novatek's Yamal Gas plant reduced total exports by 41% in August, compared to the previous year. This could be due to maintenance. The plant's deliveries were the lowest they have been since December 2023.

Exports of Yamal LNG fell by 7.7% on an annual basis to 12 million tonnes since the start of the year.

Sakhalin-2 (a Russian company with a focus on Asia) controlled by Gazprom increased its exports 6.6% year-on-year to 6.5 millions tons in the period January-August. (Reporting and Editing by David Goodman).

(source: Reuters)