BAKU, Azerbaijan, July 13. Crude oil exports from the Kaliningrad terminal fell by 17 percent in May 2022, Trend reports citing OPEC.
The latest report from OPEC reveals that total crude oil exports from Russia and Central Asia edged up marginally in May to average 7.2 mb/d.
“Compared with the same month in 2021, total crude exports from the region were about 14 percent, or 889 tb/d, higher. The increase was driven primarily by jump in flows from the CPC terminal near Novorossiysk. Crude exports through the Transneft system declined slightly m-o-m in May. Outflows slipped 35 tb/d, or less than 1 percent, to remain close to 4.6 mb/d. Compared with the same month last year, exports were 0.8 mb/d, or 24 percent, higher. From the Baltic Sea, exports fell 57 tb/d m-o-m, or about 3 percent, to average 1.6 mb/d. Exports from Ust-Luga declined 45 tb/d m-o-m, or about 7 percent, to average 630 tb/d, while flows from Primorsk declined 1 percent, or 13 tb/d, to remain close to 1.0 mb/d,” says the cartel.
In contrast, shipments from the Black Sea port of Novorossiysk were up 51 tb/d, or about 8 percent, to average 697 tb/d, according to OPEC’s estimates.
“Meanwhile, shipments via the Druzhba pipeline edged down 25 tb/d, or about 3 percent m-o-m, to average 832 tb/d. Pacific flows were slightly lower, with Kozmino shipments down negligibly m-o-m, to average 811 tb/d. Exports to China via the ESPO pipeline were unchanged m-o-m averaging 619 tb/d in May. In the Lukoil system, exports via the Varandey offshore platform in the Barents Sea averaged 136 tb/d in May, while exports from the Kaliningrad terminal fell by 17 percent. On other routes, Russia’s Far East exports declined by 148 tb/d m-o-m, or 56 percent, to average 116 tb/d in May. This was 64 percent, or 0.2 mb/d, lower than volumes in May 2021.”