Factbox: Asian consumers of Russian oil, fuel and coal

A fuel station attendant pumps gas right into a buyer’s automobile at a fuel station in Shanghai, China November 17, 2017. REUTERS/Aly Tune

Feb 22 (Reuters) – Because the Ukraine-Russia disaster intensifies, Brent crude futures have hit contemporary seven-year highs as analysts warn commerce sanctions could have implications for Asian international locations depending on Russia for oil, fuel and coal.

Beneath are particulars on how Asian international locations depend on oil, fuel and coal from Russia.

CHINA

China accounts for 15.4% of Russia’s whole crude oil exports, with solely Saudi Arabia promoting it extra. China’s Russian crude oil shopping for averaged 1.59 million barrels per day (bpd) final 12 months, or 15.5% of its whole imports. learn extra

China receives about 40% of this through the 4,070-km (2,540-mile) East Siberia Pacific Ocean (ESPO) pipeline.

Russia can be China’s No. 3 fuel provider. China accounted for six.7% of Russian pure fuel exports in 2021. Russian exports to China totalled 16.5 billion cubic metres (bcm), or about 12.07 million tonnes in 2021, assembly roughly 5% of China’s demand.

Russia was additionally China’s No. 2 coal provider in 2021. China imported 15.25 million tonnes, or 4.72% of its whole coal imports, from Russia in 2021, customs information confirmed.

SOUTH KOREA

Russia was South Korea’s fourth-largest crude oil provider in 2021 after Saudi Arabia, the US and Kuwait. South Korea imported about 7.92 million tonnes of crude oil from Russia final 12 months, value about $4.27 billion, information from the Korea Worldwide Commerce Affiliation (KITA) confirmed.

South Korea additionally imported 2.87 million tonnes of fuel from Russia final 12 months, the KITA information confirmed, making it the nation’s sixth-largest provider.

Russia was the second-largest coal exporter to South Korea in 2021 after Australia, transport 21.95 million tonnes value about $2.56 billion and accounting for 17.5% of South Korea’s whole coal imports, the information confirmed.

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JAPAN

Russia was Japan’s second-biggest provider of thermal coal in 2021, making up 12.48% of its thermal coal imports, Japanese customs information confirmed.

Russia was Japan’s fifth-biggest provider of crude oil and liquefied pure fuel (LNG) in 2021, accounting for 3.63% and eight.84% of its whole imports, respectively. learn extra

Japan accounted for 4.1% of Russia’s crude oil exports and seven.2% of its pure fuel exports.

VIETNAM

Russia was the third-largest coal exporter to Vietnam in 2021, after Australia and Indonesia. Its coal exports to Vietnam totalled 3.59 million tonnes in 2021, accounting for 9.9% of Vietnam’s whole coal imports, Vietnam customs information confirmed.

The nation didn’t import crude oil from Russia in 2021, however Vietnam’s state oil agency PetroVietnam has a 49% stake in an oil three way partnership (Rusvietpetro) with Zarubezhneft in Russia’s Nenets Autonomous Area, which had produced 30 million tonnes of crude oil as of mid-2021 since its institution in 2008.

INDIA

India imported 1.8 million tonnes of thermal coal from Russia in 2021, down from 2.5 million in 2020, information from Iman Assets confirmed.

Russia’s share in India’s thermal coal imports fell to 1.3% in 2021 from 1.6%.

India imported 43,400 bpd oil from Russia in 2021, about 1% of general its imports. learn extra

India accounts for about 0.2% Russia’s pure fuel exports. GAIL (India) Ltd (GAIL.NS) has a 20-year cope with Gazprom to purchase 2.5 million tonnes of LNG a 12 months which began in 2018.

Reporting by Beijing newsroom, Aizhu Chen in Singapore, Nidhi Verma and Sudarshan Varadhan in New Delhi, Heekyong Yang in Seoul, Yuka Obayashi in Tokyo and Khanh Vu in Hanoi; writing by Isabel Kua and Florence Tan; Modifying by Gavin Maguire, Tom Hogue and Jason Neely

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