Transneft Increases Pipeline Tariffs in Russia

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.