The European Union reduced imports of pipeline gas from Russia five-fold in 2023, while its purchases of Russian liquefied natural gas cargoes increased by around 38 percent from the Novatek-operated Yamal export plant in Northern Siberia and could rise further in 2024.

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Petróleo Brasileiro (Petrobras), the Brazilian oil and gas company, boosted domestic natural gas production in the third quarter backed by LNG imports as well as pipeline gas from Bolivia as a drought curtailed the South American nation’s hydro-electric output.

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