https://sputnikglobe.com/20241227/russia-successfully-rerouted-lpg-exports-to-asia-china-ahead-of-eu-ban–1121281197.html
Russia Successfully Rerouted LPG Exports to Asia, China Ahead of EU Ban
Russia Successfully Rerouted LPG Exports to Asia, China Ahead of EU Ban
Sputnik International
Russia redirected its deliveries of liquefied petroleum gas (LPG) to Central Asia and China in anticipation of the ban on imports to Europe, Argus pricing data shows.
2024-12-27T13:52+0000
2024-12-27T13:52+0000
2024-12-27T18:53+0000
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russia
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russian economy under sanctions
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Russia has shifted its liquefied petroleum gas (LPG) deliveries to Central Asia and China given the ban on imports to Europe, according to Argus pricing data. The European Union’s restrictions took effect on December 20, following a 12-month transition period. Here’s how Russia took pre-emptive action against the sanctions: How Were Prices Impacted? Prices for the propane-butane mix at the Belarusian-Polish border peaked at $630-632 per ton (daf Brest) on October 31, marking the highest level since December 2022. Polish companies rushed to stockpile Russian LPG before the embargo took effect, as reported by Argus.
https://sputnikglobe.com/20241225/russia-offers-various-routes-to-secure-gas-supplies-to-europe-as-doubts-loom-over-ukrainian-transit-1121266032.html
russia
central asia
china
2024
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russian gas supplies, russian lpg supplies. eu ban on russia’s import of lpg, where is russia exporting its lpg, who is buying russia’s lpg, where did russia redirect deliveries of its lpg, liquefied petroleum gas
russian gas supplies, russian lpg supplies. eu ban on russia’s import of lpg, where is russia exporting its lpg, who is buying russia’s lpg, where did russia redirect deliveries of its lpg, liquefied petroleum gas
The European Union restricted Russian LPG imports on December 18, 2023 as part of its 12th package of sanctions against Russia. However, the restrictions did not affect the already signed contracts with a maximum 12-month deferral. This transitional period has expired.
The European Union’s restrictions took effect on December 20, following a 12-month transition period.
LPG is derived from the refining of crude oil or the processing of natural gas, liquefied LPG is used for heating, cooking, as automotive fuel and for industrial purposes.
How Were Prices Impacted?
Prices for the propane-butane mix at the Belarusian-Polish border peaked at $630-632 per ton (daf Brest) on October 31, marking the highest level since December 2022.
Polish companies rushed to stockpile Russian LPG before the embargo took effect, as reported by Argus.
25 December 2024, 09:02 GMT
