• 4 minutes What If Canada Had Wind and Not Oilsands?
  • 8 minutes EU Confirms Trade Retaliation Measures vs. U.S. To Take Effect on June 22
  • 17 minutes Could oil demand collapse rapidly? Yup, sure could.
  • 20 mins U.S. Withdraws From U.N. Human Rights Council
  • 43 mins Kaplan Says Rising Oil Prices Won't Hurt US Economy
  • 10 hours Tariffs to derail $83.7 Billion Chinese Investment in West Virginia
  • 8 mins Could oil demand collapse rapidly? Yup, sure could.
  • 10 hours EU Confirms Trade Retaliation Measures vs. U.S. To Take Effect on June 22
  • 5 hours "The Gasoline Car Is a Car With a Future"
  • 2 hours Saudi Arabia turns to solar
  • 4 hours Russia's Energy Minister says Oil Prices Balanced at $75, so Wants to Increase OPEC + Russia Oil by 1.5 mbpd
  • 3 hours What If Canada Had Wind and Not Oilsands?
  • 14 hours North Korea, China Discuss 'True Peace', Denuclearization
  • 6 hours EVs Could Help Coal Demand
  • 4 hours Gazprom Exports to EU Hit Record
  • 14 hours WE Solutions plans to print cars
  • 19 hours Hey Oil Bulls - How Long Till Increasing Oil Prices and Strengthening Dollar Start Killing Demand in Developing Countries?
  • 1 day Australia mulls LNG import
  • 1 day Oil and Trade War
Jen Alic

Jen Alic

 

More Info

Trending Discussions

Russia Diversifies Oil Exports with China Pipeline Link

Last weekend, Russia officially opened a section of the Eastern Siberia-Pacific Ocean (ESPO) oil pipeline link to China. Russia's RIA Novosti quoted Prime Minister Vladimir Putin as saying: "The implementation of this project is a crucial task for Russia and our Chinese friends. It means stabilization of supplies and energy balance for China and for us it creates entry to new challenging markets, in this particular case, to the growing market of China."

The Russia-China oil pipeline (built and operated by Russia's Transneft) will stretch from the Amur region in southeast Russia to Heilongjiang province in northeastern China (essentially running oil from Russia's Siberia to its Far East region and then on to China). This section of the pipeline is expected to carry over 220 barrels of oil yearly (oil that is now shipped by rail). Once fully operational, the ESPO pipeline will initially carry 30 million tons of oil a year, and eventually up to 50 million tons. The 4,857-kilometer (3,018-mile) pipeline is expected to include some 32 pumping stations and 13 tank farms.

Analytical Note: The ESPO pipeline is in line with Russia's efforts to move part of its oil export base away from Western Europe. This opens up a massive Chinese market for Russian oil. It is also a marriage of extreme convenience for China, supplying a readily accessible energy source.

By. Jen Alic


x


Back to homepage

Trending Discussions


Leave a comment
  • Anonymous on September 10 2010 said:
    A massive Chinese market for Russian oil, and another one for Russian natural gas. One of the things speeding this 'marriage' is the Cold War tones and logic employed by certain persons and institutions in Western Europe. Some of this logic hardly deserves to be called silly.

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News