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Russia’s Near-Record LNG Shipments Show World’s Struggle to Cut Reliance

  • France, China and Japan were top buyers from Russia in October
  • LNG shipments from Russia rose to highest since March

Russian liquefied natural gas shipments increased in October to nearly a record, illustrating how the world is struggling to curb its dependence on the major supplier ahead of winter.

LNG exports from Russia rose 1.1% year on year in October to the highest level since March, according to ship-tracking data compiled by Bloomberg since 2016. That is in stark contrast to plummeting pipeline flows to Europe following the deterioration of relations between the West and the Kremlin over its invasion of Ukraine in February.