MOSCOW TIME: 17.12.2018 18:50:01

Export/Import

Russia doubles LNG exports as revenues grow threefold

Russia doubles LNG exports as revenues grow threefold

Exports of liquefied natural gas (LNG) from Russia doubled to five million cubic meters in the first two months of the current year compared to the same period in 2017, the Federal Customs Service reports.

Revenues from LNG sales abroad more than doubled to $667.8 million in January-February against the same period last year. In February, exports reportedly declined by 9.1 percent month-on-month to 2.4 million cubic meters with export proceeds increasing by 0.9 percent to $335.4 million.

At the same time, Russia’s exports of natural (piped) gas fell by 14.4 percent to 35.2 billion cubic meters in the first two months of 2018. Revenues from export sales grew by one percent to seven billion dollars. In February, sales of natural gas decreased by two percent compared to January 2017, while the revenues grew by 1.1 percent to $3.5 billion.

All in all, Russia exported 210.2 billion cubic meters of gas in 2017, with revenue reaching $38.1 billion, according to the customs service.

In December, Russias largest private gas producer Novatek launched the first stage of the Yamal LNG plant. The facility aims to be the first in Russia to produce 16.5 tons of liquefied natural gas annually.

The launch of the second stage is scheduled for later this year. The third stage - for the beginning of 2019. In September, the company announced plans for one more line able to produce a million tons of LNG per year.

Source:www.rt.com

:

Exports gas

Share this:

Share this Share this Share this

NEWS


11.12.2018 Dagestan Is the Leading Live Sheep Exporter

The Republic of Dagestan has quadrupled its export of live sheep. From January to July, 2018 Dagestans export of live sheep has amounted to $2.5 mln, while for the same period of ...

11.12.2018 Ryazan Region Supplied Notebooks to Five Countries

From January to July, 2018 Ryazan Region has exported 299 tons of notebooks worth $475.3 thous. to five countries.

10.12.2018 Export Structure of the Republic of Ingushetia

For the first seven months of this year the Republic of Ingushetias export has stood at $532.6 thous.

EVENTS


06.06.2019 00:38:00 St. Petersburg International Economic Forum 2019

June 6-8, 2019 Russia (St.Petersburg)

28.05.2019 00:31:00 KAZINTERPOWER 2019

May 28-30, 2019 Razakhstan (Pavlodar)

22.10.2018 BUSINESS MISSION OF SMALL AND MEDIUM-SIZED COMPANIES OF KOSTROMA REGION TO ARMENIA (OCTOBER 22-24, 2018)

On October 22-24, 2018 the delegation of Kostroma Regions entrepreneurs will visit Armenias capital city Yerevan.

INTERVIEWS


18.04.2018 Pskov State University Increases Its International Student Body Thirty...

Higher education can be a profitable export business, provided the system is built correctly and qua...

FEA Education


03.05.2017 Anna Trubetskaya: "Business should be built on Russians"

About the models of business development in another country and professional secrets is told by a practicing expert on work in international markets Anna Trubetskaya

Our partners