OREANDA-NEWS  In the first half of the year, exports of liquefied petroleum gas (LPG) from Russia fell by 21.8 percent, to 1.3 million tons. This is reported by RBC with reference to the calculations of the consulting company OMT Consult.

This dynamic is related to the EU sanctions that entered into force on December 20, 2024. Over the past year, Russian manufacturers have been trying to redirect some of their volumes to other markets, but they have not been able to fully compensate for the failure.

In 2024, LPG exports also declined, but much more weakly — by 1.5 percent. Commercial fuel production decreased by 0.6 percent at that time.

China has become the new main export market for Russian manufacturers, accounting for 17.7 percent. Tunisia (17.4 percent) and Afghanistan (17.3 percent) are next, followed by Turkey by a wide margin (10.9 percent).

Maxim Malkov, head of the Kept practice for providing services to companies in the oil and gas sector, believes that the current level of decline will continue until companies take a larger share in new markets. In turn, Sergey Frolov, Managing partner of Neft Research, noted that a 20 percent drop by the end of the year would be a good indicator.

According to Malkov, the global LPG market is very saturated and highly competitive, so it is not easy to integrate into it, and most likely the process will take several years.