Russian LNG production continues to decline

Russian liquefied natural gas (LNG) production continued to decrease in June compared to last year, according to the Russian statistics agency Rosstat.

Rosstat’s data shows that the country’s LNG terminals produced about 2.3 million mt last month, down 7.3 percent compared to June 2024.

In May, LNG production reached about 2.8 million mt, down 5.5 percent compared to May 2024, and up from 2.7 million mt in April.

Russian LNG plants produced 16.5 million mt in the first six months of this year, a 5.1 percent year-over-year decline.

In 2024, Russian LNG export plants produced about 34.7 million mt, Rosstat’s data previously showed.

This is up by 5.4 percent compared to 32.9 million mt in 2023.

Russia currently produces LNG via Novatek and Gazprom-operated LNG terminals.

Gazprom operates the Sakhalin-2 LNG terminal with a capacity of 10.8 mtpa and the mid-scale Portovaya LNG complex in the Leningrad region with a capacity of about 1.5 mtpa.

Besides these facilities, Novatek operates the 17.4 mtpa Yamal LNG plant in Sabetta.

Novatek also operates the mid-scale LNG plant in Russia’s Baltic Sea port of Vysotsk with a capacity of more than 660,000 tons of LNG per year.

Earlier this year, the US sanctioned Gazprom SPG Portovaya, the Russia-based operator of the Portovaya LNG terminal, and Cryogas Vyostsk, the Russia-based operator of the Cryogas Vysotsk LNG terminal.

In addition, Novatek operates the Arctic LNG-2 export plant, which was first hit by US and EU sanctions.

In August 2024, Novatek delivered the second gravity-based structure platform from its yard near Murmansk to the site of the Arctic LNG 2 project located on the Gydan peninsula.

The company completed the second GBS despite sanctions by the US and the EU related to the Arctic LNG 2 project and LNG carriers.

According to several reports, Novatek started producing LNG at the second unit earlier this year.

There have been recent reports of sanctioned vessels loading LNG at the Arctic LNG 2 plant.

The first GBS left the Belokamenka yard in July 2024, and Novatek completed the installation on the underbase foundation on the seabed at the Utrenniy terminal in August.

The first and second GBS each have a capacity of about 6.6 mtpa.

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