Page 135 - RusRPTApr24

colleagues. Now they slightly surpass the initially announced plans. Overall, we register an increase in demand for transit of Russian gas to Uzbekistan," he said when asked whether Kazakhstan will boost transit of gas from Russia to Uzbekistan this year. Kazakhstan’s energy ministry said earlier that it planned to increase transit of Russian gas to Uzbekistan via the Kazakh territory from 3bn cubic meters per year planned earlier in 2023 to 11bn cubic meters per year starting 2026.
9.1.1d LNG news
LNG imports into Europe and Turkey jumped almost 14% last week to 3bcm from the previous one, but full-month supply is forecast to hit its lowest level in six months, preliminary Kpler ship-tracking data showed on March 26. . Only 2.1bcm is expected to unload this week in European ports, which compares to the 2.7bcm seen the week of 11 March, which was the lowest weekly supply since January. LNG imports were last seen lower during the last week of January at 2.6bcm, the lowest arrivals since the last week of September. They remain subdued amid a gas oversupply with healthy pipeline flows, low demand and high storage. Supply has tumbled 9% month on month in March to 10bcm. Arrivals are currently forecast to hit their lowest since September at 11.8bcm. EU gas storage was last seen 59% full, more than three percentage points higher year on year, while LNG stocks jumped 5 percentage points week on week to 57% of capacity, according to Gas Infrastructure Europe.
The share of Russia’s LNG supplies to unfriendly countries amounted to almost 79% in 2023, according to Energy Minister Nikolay Shulginov’s presentation to the meeting of the State Duma’s energy committee.
Meanwhile, the share of gas exports to unfriendly countries fell to 24.1% in 2023 from 49.2% in 2022, while the share of exports of gas to friendly countries rose to 75.9% from 50.8% in the previous year.
The share of LNG supplies to friendly countries equaled 21.3% last year (up from 15.4% in 2022), while the share of unfriendly countries totaled 78.7% compared with 84.6% in 2022, according to the presentation. In 2021, supplies to friendly countries accounted for 17.8%, while deliveries to unfriendly countries accounted for 82.2%, while in 2020 those shares equaled 10.5% and 89.5%, respectively.
LNG supplies from Russia to China increased by 18% in January-February 2024 y/y to 1.2mn tonnes, according to figures provided by the General Administration of Customs of China. In value terms, China’s LNG imports from Russia fell by 12% in the reporting period in annual terms to $803.5mn. Australia was the largest LNG supplier to the People’s Republic of China in the reporting period (4mn tonnes worth $2.3bn), followed by Qatar
135 RUSSIA Country Report April 2024 www.intellinews.com