Insight
Russia cements its crude market share in Asia by expanding pipeline to China
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
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 the following images and tables:
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Schematic of ESPO and associated pipelineESPO crude exports to AsiaESPO crude processing in ChinaNon-ESPO Russian crude exports to Asia
What's included
This report contains:
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