Russia’s liquefied natural gas (LNG) exports remained strong in March and surpassed year-ago levels despite efforts by some buyers to curb purchases from the pariah state.


Russian LNG exports increased by 19% year/year to 3.1 million tons (Mt) last month, according to shipbroker Banchero Costa. Shipments from the country were also 25% higher than they were in March 2020.

Russia, the world’s fourth largest LNG exporter, has faced a series of financial and economic sanctions imposed by Western governments for its invasion of Ukraine in February. While the measures have exempted natural gas exports, some companies have shunned Russian energy products.

The European Union is also aiming to gain independence from Russian natural gas supplies before 2030, which could...