Russia's Q1 LPG exports to China by rail up 51%, calculations show
(Reuters) - Russia's exports of LPG to China by rail, the main supply route, rose 51% in the first quarter from a year earlier to 72,300 metric tons, Reuters calculations based on data from industry sources showed.
Traders said that the main contributor to the increase was Irkutsk Oil Company (INK), which raised exports from its Ust-Kut gas processing plant.
Russia has been cranking up LPG exports to China, including by road in trucks, to offset a decline in supplies to the European Union, which adopted a twelfth package of sanctions against Russia in December, introducing a new LPG import ban, to top up wide-ranging trading restrictions.
Traders believe that Russia will continue to increase supplies of LPG, or propane and butane, to China thanks to available exporting infrastructure despite congested railways.
There is room to increase exports further. China accounted for only 6% of last year's 3.6 million tons of Russian LPG exports via railway.
The Zabaikalsk-Manchuria border crossing is the main route for Russian LPG exports to China, with the Manzhouli Far East Gas terminal able to handle 1 million tons of LPG per year.
Related News
Related News
![](/media/1042/gpenews_300x140.jpg)
- Woodfibre LNG receives BCEAO order to move floatel to site to house non-local workforce
- QatarEnergy, Exxon seek to remove contractor from Texas gas project
- Veolia, Waga Energy and ENGIE collaborate to develop renewable natural gas industry in France
- Congo Brazzaville becomes an LNG exporting country
- Fulcrum LNG to pair with McDermott, Baker Hughes for Guyana gas project
- EU approves law to hit gas imports with methane emissions limit
- Veolia, Waga Energy and ENGIE collaborate to develop renewable natural gas industry in France
- Hawai'i Gas selects Eurus Energy America, Bana Pacific for hydrogen and renewable natural gas projects
- TotalEnergies increases LNG deliveries to Asia with two new contracts
- Desert Mountain Energy Corp. initiates helium production
Comments