Russia's LNG Exports Decline 3.4% from January to October, Surge 21% in October, According to Data

Written by Emily J. Thompson, Senior Investment Analyst

Source: Reuters

Updated: Nov 01 2025

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Source: Reuters

LNG Export Trends: Russia's liquefied natural gas (LNG) exports fell by 3.4% year-on-year to 25.2 million metric tons from January to October, despite a 21% increase in October due to the launch of Arctic LNG 2 supplies.
Impact of Sanctions: U.S. sanctions related to the Ukraine conflict have limited Russia's LNG exports, particularly affecting the Arctic LNG 2 project and its tanker fleet.
China's LNG Imports: China received its first LNG cargo from the Arctic LNG 2 project in late August, with 13 tankers unloading at the Beihai LNG terminal since then, contributing to a significant increase in October shipments.
European Market Decline: LNG exports from Russia to Europe dropped by 17.9% year-on-year to 11 million metric tons in the first ten months of 2023, with a notable 21% decrease in October compared to the previous year.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.