More Russian crude oil exports could be redirected to Asia from Europe, when construction of a new pipeline link to China is finished, says JBC Energy. Notes Russian crude exports via the Black and Baltic Seas fell by a combined 230,000 barrel/day in 1H '10, while exports via Kozmino rose by 290,000 barrel/day.
More
Russian
crude
oil
exports
could
be
redirected
to
Asia
from
Europe,
when
construction
of
a
new
pipeline
link
to
China
is
finished,
says
JBC
Energy.
Notes Russian crude exports via the Black and
Baltic
Seas
fell
by a combined 230,000 barrel/day in 1H '10, while exports via Kozmino rose by
290,000 barrel/day. "This discrepancy reflects the trend of reversed crude
flows from
Europe
to
Asia
,
which may even worsen once the 300,000 barrel/day pipeline link from
Russia
to
China
is
launched as scheduled by the end of the year," says JBC analysts say.
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