Free Trial

Transneft Increases Pipeline Tariffs in Russia

OIL

Russia’s Transneft is set to increase the tarriffs for transporting crude oil and oil products via its network by an average of almost 6% in 2023.

  • The tariff for oil transportation via the East Siberia - Pacific Ocean (ESPO) pipeline for exports to China will total 3,147 roubles ($50) per tonne per 100 kilometres excluding value added tax.
  • Russia is leaning on China to soak up volumes that are no longer heading to Europe. The latest data from Vortexa shows that China is pulling in much higher seaborne volumes of ESPO this month while Urals volumes are lagging.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.