Price for Petroleum Gases and Other Gaseous Hydrocarbons; Liquefied, Natural Gas in Russia - 2022

Contents:

1. Price for Petroleum Gases and Other Gaseous Hydrocarbons; Liquefied, Natural Gas in Russia (FOB) - 2022
2. Price for Petroleum Gases and Other Gaseous Hydrocarbons; Liquefied, Natural Gas in Russia (CIF) - 2022
3. Exports of Petroleum Gases and Other Gaseous Hydrocarbons; Liquefied, Natural Gas in Russia
4. Imports of Petroleum Gases and Other Gaseous Hydrocarbons; Liquefied, Natural Gas in Russia

Price for Petroleum Gases and Other Gaseous Hydrocarbons; Liquefied, Natural Gas in Russia (FOB) - 2022

In 2022, the average export price for petroleum gases and other gaseous hydrocarbons; liquefied, natural gasses amounted to $841 per ton, rising by 53% against the previous year. In general, the export price posted measured growth. The most prominent rate of growth was recorded in 2021 when the average export price increased by 59%. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to see gradual growth in the near future.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($1,292 per ton), while the average price for exports to Belgium ($568 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+71.4%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Petroleum Gases and Other Gaseous Hydrocarbons; Liquefied, Natural Gas in Russia (CIF) - 2022

In 2021, the average import price for petroleum gases and other gaseous hydrocarbons; liquefied, natural gasses amounted to $1,521 per ton, therefore, remained relatively stable against the previous year. Overall, the import price saw strong growth. The most prominent rate of growth was recorded in 2014 when the average import price increased by 99,717% against the previous year. As a result, import price reached the peak level of $499,083 per ton. From 2015 to 2021, the average import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for Estonia.

From 2012 to 2021, the rate of growth in terms of prices for Kazakhstan amounted to -11.5% per year.

Exports of Petroleum Gases and Other Gaseous Hydrocarbons; Liquefied, Natural Gas in Russia

For the fourth consecutive year, Russia recorded growth in overseas shipments of petroleum gases and other gaseous hydrocarbons; liquefied, natural gasses, which increased by 26% to 38M tons in 2022. Overall, total exports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +21.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +77.5% against 2019 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 32% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, exports of petroleum gases and other gaseous hydrocarbons; liquefied, natural gasses soared to $31.8B in 2022. Over the period under review, exports enjoyed a significant increase. The growth pace was the most rapid in 2021 with an increase of 109% against the previous year. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Top Export Markets for Petroleum Gases and Other Gaseous Hydrocarbons; Liquefied, Natural Gas from Russia in 2022:

1. Spain (7.1M tons)
2. France (6.8M tons)
3. Japan (6.1M tons)
4. China (5.7M tons)
5. Belgium (4.4M tons)
6. Netherlands (2.6M tons)
7. South Korea (1.7M tons)
8. Taiwan (Chinese) (1.2M tons)
9. United Kingdom (0.6M tons)

Imports of Petroleum Gases and Other Gaseous Hydrocarbons; Liquefied, Natural Gas in Russia

In 2021, imports of petroleum gases and other gaseous hydrocarbons; liquefied, natural gasses into Russia stood at 286 tons, flattening at 2020 figures. Over the period under review, imports continue to indicate a dramatic decrease. The smallest decline of 99.9% was in 2020.

In value terms, imports of petroleum gases and other gaseous hydrocarbons; liquefied, natural gasses stood at $435K in 2021. In general, imports continue to indicate a prominent expansion. The smallest decline of 99.9% was in 2020. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Top Suppliers of Petroleum Gases and Other Gaseous Hydrocarbons; Liquefied, Natural Gas to Russia in 2022:

1. Estonia (286.2 tons)

Source: IndexBox Market Intelligence Platform