Russia Plans to Ship 19 ESPO Crude Cargoes From Kozmino in July

Russia will ship in July 19 cargoes of East Siberia-Pacific Ocean, or ESPO, crude from the Pacific port of Kozmino, matching the record set in May.

Kozmino will load 1.9 million metric tons, or about 450,000 barrels a day, of ESPO blend, according to a final loading program obtained by Bloomberg News. Three of the shipments, which are in lots of 100,000 tons each, will be transported by rail from Skovorodino and the rest through the pipeline’s second phase.

Russia’s most expensive infrastructure project, the ESPO pipeline, starts at fields in east Siberia. A second phase of the venture was completed in December that expanded the pipeline’s capacity and also extended the link to the Pacific coast, at Kozmino, lessening the need for rail shipments.

The July program also includes a partial rail cargo of 82,000 tons that will be topped up at Kozmino in August.

OAO Lukoil is slotted to ship its first cargo of ESPO crude ever from June 30 to July 1, pending inclusion on the Energy Ministry’s export schedule, according to the program.

Seven of the July cargoes are from OAO Rosneft, six lots will be from OAO Surgutneftegas, OAO Gazprom Neft will get two, with the remaining three are earmarked for smaller producers.

Before it's here, it's on the Bloomberg Terminal.