Insight
Russia cements its crude market share in Asia by expanding pipeline to China
Report summary
With the expansion of the ESPO pipeline to China and plans to export more non-ESPO Russian crude to China via Kazakhstan, Russia's market share in China is going to grow and get more secure. Higher ESPO exports to Asia will require more Russian production to be diverted from west to east, which will affect Russia's Urals crude market in Europe in terms of both volume and quality. Higher Russian crude exports to China would then reduce the market opportunity for other crude exporters to China.
Table of contents
- Executive Summary
- ESPO and associated pipeline system
- Russia's crude dilemma
- How will Russia supply more crude to China?
- Reshuffling of ESPO crude processing in China
- Non-ESPO Russian crude exports to Asia
- Conclusions
Tables and charts
This report includes 4 images and tables including:
- Schematic of ESPO and associated pipeline
- ESPO crude exports to Asia
- ESPO crude processing in China
- Non-ESPO Russian crude exports to Asia
What's included
This report contains:
Other reports you may be interested in
Insight
Saudi Arabia’s price push for oil market dominance in Asia
With fierce supply competition driving price discounts, Asia's refiners must take full advantage to maximise their margins.
$1,050
Asset Report
West East Gas Pipeline III
West-East Pipeline III (WEP III) is connected to line C of the Central Asia-China Gas Pipeline.
$2,150
Commodity Market Report
Global lead strategic planning outlook - Q1 2024
Hermosa development will support growth in supply needed to meet consumption needs that are forecast to rise by a CAGR of 1.0% in 2023-2034.
$10,000
