Russia cements its crude market share in Asia by expanding pipeline to China Report

Insight 21 February 2018

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            <h3 class="mega store_featured_content_extrabold store_font_black">Report summary</h3>
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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.</div>
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<li class="list__item-toggle font-semibold">
        Executive Summary
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<li class="list__item-toggle font-semibold">
        ESPO and associated pipeline system
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<li class="list__item-toggle font-semibold">
        Russia's crude dilemma
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        How will Russia supply more crude to China?
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        Reshuffling of ESPO crude processing in China
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        Non-ESPO Russian crude exports to Asia
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        Conclusions
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        <li class="list__item push-quarter--bottom">Schematic of ESPO and associated pipeline</li><li class="list__item push-quarter--bottom">ESPO crude exports to Asia</li><li class="list__item push-quarter--bottom">ESPO crude processing in China</li><li class="list__item push-quarter--bottom">Non-ESPO Russian crude exports to Asia</li>
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<p class="font-regular" >Russia cements its crude market share in Asia by expanding pipeline to China</p>
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