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

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21 February 2018

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:

  • Document

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

    PDF 394.43 KB

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