Russia Plans to Ship 18 September ESPO Crude Cargoes Via KozminoJake Rudnitsky
Russia will export 18 cargoes of East Siberia-Pacific Ocean, or ESPO, crude from the Pacific port of Kozmino in September.
Kozmino will load 1.8 million metric tons, or about 440,000 barrels a day, of ESPO blend, according to a 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 a pipeline. This month it plans to ship 17 cargoes, or about 402,000 barrels.
The ESPO link, Russia’s most expensive infrastructure project, 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 it to the Pacific coast, at Kozmino, lessening the need for rail shipments.
The September program also includes a partial rail cargo of 82,000 tons that will be topped up at Kozmino in October.
Six of the September consignments are from OAO Rosneft, six lots from OAO Surgutneftegas, two from OAO Lukoil, one from OAO Gazprom Neft and the remaining three are earmarked for smaller producers.
Loading programs are monthly schedules of crude shipments compiled by field operators to allow buyers and sellers to plan their supply and trading activities.