Russia to Ship 17 ESPO Crude Cargoes From Kozmino in JuneJake Rudnitsky
Russia plans to ship 17 cargoes of East Siberia-Pacific Ocean, or ESPO, crude from the Pacific port of Kozmino in June, according to a preliminary loading program obtained by Bloomberg News.
Kozmino will load 1.7 million tons, or about 415,000 barrels a day, of the blend. That is two fewer cargoes than planned for May. Two of the shipments, which are in lots of 100,000 tons, will be transported to the terminal by rail and the rest through the ESPO pipeline.
The pipeline, Russia’s most expensive infrastructure project, starts at fields in east Siberia. A second phase of the link was completed in December that expanded its capacity and also extended it to the Pacific coast, at Kozmino, lessening the need for rail shipments.
The program also includes a 100,000 ton rail cargo that will load from June 29 to July 2 and a partial cargo of 32,000 tons that will be topped up at Kozmino in July.
Loading programs are monthly schedules of crude shipments compiled by field operators to allow buyers and sellers to plan their supply and trading activities.