LNG

Drop in Q1 production hits Sakhalin LNG revenues

Exports from the Russian liquefaction plant fell by 27% in Q1, leading to the lowest revenues in seven years Exports from the Russian liquefaction plant fell by 27% in Q1, leading to the lowest revenues in seven years.
By Andrew Walker 17 August 2017 0 27226

Revenues generated from Russia’s Sakhalin LNG plant were down by 44% in Q1 2017 compared with Q1 2016. This is despite a rebound in the average price paid for the country’s LNG to $5.07/MMBtu in Q1 from a recent low of $3.84/MMBtu in Q4 2016. Revenues from LNG exports have not been this low since the first year of production in 2009.  

The collapse in oil prices in late 2014 and early 2015 has hit revenues from...