Page 16 - EurOil Week 10 2022

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US excludes key route for UK said it would this year gradually phase “The Social Democrats have maintained
out imports of Russian oil and ban shipments for some time that Estonia could curtail
Kazakh oil exports from ban after zero was reached. the use of gas and utilise more renewable
Turkey imported around 200,000 barrels
energy sources, effectively reducing its
on Russian oil and gas per day (bpd) of Iranian crude before energy policy dependance on Russia,” SDE
Washington in 2018 reinstated heavy
MP Jevgeni Ossinovski said.
The US has excluded the Chevron-led sanctions against Tehran. “I expect the government to come up
Caspian Pipeline Consortium (CPC) from “All of a sudden we went down to zero,” with a clear plan for phasing out the use
its ban on Russian oil and gas imports Bayraktar said. “And now we cannot have of Russian gas for the purpose of heating
announced this week in order to leave open another supply disruption, this time in Estonian homes,” he added.
the export route via Russia’s Black Sea coast, Russia,” he warned. Ossinovski said that completely ending
Upstream has reported. the use of Russian gas in district hearing
Traders were having trouble with the would take a few years. “It requires
route in February and early March as the Poland says Baltic Pipe political will, corresponding regulatory
CPC pipeline normally mixes its oil with and likely support measures,” Ossinovski
Russian grades. ready in six months said.
The US Treasury stated that CPC “can He added that the state needs to ensure
segregate various sources of crude oil, The Baltic Pipe gas link to connect Norwegian support for home consumers for refitting
allowing crude oil that is not of Russian gas fields to Poland via Denmark will be ready gas heaters.
Federation origin to be marketed and loaded in six months, effectively ending Poland’s sta- EKRE chairman Martin Helme said
separately”. tus as a Gazprom customer, Prime Minister that a decision to stop buying Russian gas
The CPC operates a 1,500-kilometre oil Mateusz Morawiecki said on March 9. is unavoidable in the current situation,
export pipeline stretching from Kazakhstan Poland’s becoming independent of Rus- adding that it will deliver a painful setback
to a terminal near the Russian port of sian gas supplies fits the sweeping change in and emphasising the importance of
Novorossiysk. It is a key route for the the European approach to importing Russian alternatives. Helme proposed constructing
Western-led Kazakh oil projects of Tengiz, energy commodities in the wake of Moscow’s an LNG terminal in Estonia.
Kashagan and Karachaganak. waging unprovoked war on its neighbour Helme added that giving up Russian
Ukraine. gas overnight is impossible, saying that
The EU is now planning to phase out buying 200,000 Estonians households currently
Turkey ‘has no plans to Russian oil and gas. Purchasing gas is to drop using gas heating.
by two-thirds only in 2022 and then to zero in

boycott Russian oil, hopes 2023, according to a plan tabled by the Euro- Hungary rejects sanctions
pean Commission earlier this week.
Iranian oil will soon flow’ metres (bcm) of gas annually at full capacity
The Baltic Pipe will pump up to 10bn cubic
Turkey on March 8 made it clear it has no – roughly the equivalent of Poland’s imports extended to energy sector,
plans to boycott Russian oil supplies, while from Russia. Poland’s long-term gas supply Orban tells UK’s Johnson
also expressing hopes that US sanctions on contract with Gazprom ends at the end of 2022
Iranian oil exports would soon be lifted to and Poland said that it would not renew it. Prime Minister Viktor Orban met with his
boost overall crude supplies to the market. “Over the past five years, we have built counterparts from the Visegrad Group and
Ankara is treading a fine line in its the Baltic gas pipeline to Norway and in the UK at a summit in London on March 8.
response to the Russian invasion of Ukraine, six months’ time we will be independent of The meeting was arranged before the war,
citing national interests in attempting to Russian gas for the first time in decades,” but the conflict gave a new meaning to it
maintain good relations with both Kyiv and Morawiecki told the state newswire PAP. as it was the first time that V4 leaders jhad
Moscow. Other than the Baltic Pipe, Poland is also met since the war in Ukraine started.
Turkey relies on Russia to meet 45% of its buying gas from Qatar and the US via an LNG Orban exchanged views with UK
natural gas demand, 17% of its oil needs and terminal in Swinoujscie, on top of a few bil- premier Boris Johnson. The leaders
40% of its gasoline requirements, Turkish lion cubic metres of domestic production. A condemned Russia’s abhorrent actions
Deputy Energy and Natural Resources floating LNG terminal in Gdansk Bay is also in Ukraine and said Putin must stop his
Minister Alparslan Bayraktar said in remarks planned. barbaric campaign.
on the sidelines of the CERAWeek energy “Both agreed that Russia’s destabilising
conference, as reported by pro-government across Europe needed to be countered,
Turkish newspaper Daily Sabah. Estonia’s Social Democrats including by deepening cyber resilience
“The world needs more oil,” Bayraktar was ties between the UK and Hungary,” a short
reported as saying, adding: “It needs to come and EKRE support dropping statement from the Downing Street 10
from somewhere, from the United States, reads.
from Venezuela, from Iran, Saudi Arabia, or Russian gas Feeling the pressure from his allies,
wherever we need it to be.” Orban condemned Russia’s military
Bayraktar was also quoted as emphasising The Estonian Social Democrat Party (SDE) intervention and stood by Ukraine’s
that Turkey could not easily replace its and Conservative People’s Party (EKRE) territorial integrity, but unlike his EU or
Russian oil supply from elsewhere, saying both support no longer buying Russian gas, V4 peers, he has not come down hard on
also that the Russians “have been old, reliable while representatives said that this cannot the Kremlin.
suppliers.” be done overnight, ERR.ee, an Estonian While its V4 partners were calling
The US on March 8 announced a ban on news portal, reported on March 9. for more and tougher sanctions, Orban
Russian oil and energy imports, while the has grudgingly accepted the EU’s list of

P16 www. NEWSBASE .com Week 10 10•March•2022