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Leuna Reducing Russian Crude imports

OIL

TotalEnergies’ Leuna refinery in Germany is reducing imports of Russian crude via the Druzhba pipeline according to it Chief Executive Patrick Pouyanne today.

  • The French oil company has begun working on logistical plans to pull in crude via the port of Gdansk in Poland.
  • “Russian oil use in May had fallen to filling 555,000 tonnes of refinery capacity at the plant, down from 900,000 tonnes last October, and 800,000 tonnes in February” according to Pouyanne, going on to say “In December 2022, we will have 450,0000 tonnes left from the contracts that we have to honour - unless sanctions are taken in the meantime - and it will be zero from 2023 onwards”
  • TotalEnergies’ is set to bring in crude from the North Sea via the port of Gdansk before targeting African flows and those from elsewhere.
  • Leuna’s crude supply is expected to operate in conjunction with Rosneft’s PCK Schwedt refinery, also in east Germany and reliant on Druzhba flows. The two refineries were the sticking point for Germany committing to the EU oil ban against Russia. The German government is preparing to take ownership of the PCK Schwedt away from Russia’s Rosneft as part of sanctions.
Energy BulletsCommodities
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