Russian LNG production down in Q1

Rosstat’s data shows that the country’s LNG terminals produced about 8.7 million mt in January- March, down 4.1 percent compared to the same period in 2024.

In March, LNG production reached 2.9 million mt, a decrease of 3.7 percent compared to the same month last year and a rise 8 percent compared to 2.7 million mt in the prior month.

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 thousand tons of LNG per year.

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

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, the European Union’s ban on the transshipment of Russian LNG has officially come into effect as of March 26, 2025.