Page 12 - DMEA Week 42 2022

DMEA REFINING & FUELS DMEA

Deliveries of Russian HSFO dropped by more than a third in September (Photo: EGCSA)

Volume of Russian fuel delivered to

Middle East remains high in September

MIDDLE EAST RUSSIA continued to deliver higher than usual noted that Russian gasoil (diesel) shipments to
volumes of petroleum products to buyers in the the Middle East had reached 268,000 tonnes
Middle East in September, even though deliver- in September, up by 84.8% on the August fig-
ies dropped month on month, according to Vor- ure of 145,000 tonnes. However, deliveries of
texa data cited by Argus Media on October 19. high-sulphur fuel oil (HSFO) dropped to more
Argus Media explained that Russian sellers than 498,000 tonnes, down by nearly 33.6% on
had been sending about 250,000-450,000 tonnes the August figure of 750,000 tonnes.
per month of refined fuel to the Middle East Argus Media also cited Vortexa data as say-
prior to the outbreak of war in Ukraine in late ing that Russian sellers had delivered 170,000
February. Since the start of the conflict, though, tonnes of gasoline and 119,600 tonnes of naph-
Russian deliveries to the region have gone up, tha to the Middle East in September but did not
as sellers have needed to find outlets for their provide any comparative figures from the pre-
inventory. vious month.
In September, Russian petroleum product It went on to say that the top three desti-
shipments to the Middle East amounted to nations for Russian gasoil in September had
1.06mn tonnes, the Vortexa data showed. This been the United Arab Emirates (UAE), Yemen
was 24.3% down from the record monthly high and Iraq, which had absorbed 198,000 tonnes,
of 1.4mn tonnes posted in August but still con- 38,000 tonnes and 26,000 tonnes respectively.
siderably above the figures usually posted for the Overall, it added, the top two destinations for
same month in previous years. Russian petroleum products were the UAE and
The month-on-month decline was not con- Saudi Arabia, which took delivery of 574,000
sistent for all types of products. Argus Media tonnes and 412,000 tonnes respectively. ™

NLNG’s force majeure declaration leads

Galp to assess impact on LNG supplies

AFRICA GALP Energia indicated on October 17 that it In a statement, the Portuguese company said
was assessing the impact on its supply chain after NLNG had notified it of the declaration, which
learning that the Nigeria LNG (NLNG) consor- affected both LNG and natural gas liquids
tium had declared force majeure on deliveries. (NGLs), following widespread floods in Nigeria.

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