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Transneft, JSC: The Russian Federation will continue transport oil by Druzhba to Europe and intends to supply it uninterruptedly

Date of publication: 23 January 2013 Printable version

The Russian Federation will continue to transport oil to Europe by the Druzhba oil pipeline and intends to supply it uninterruptedly to consumers, the authorized representative of Transneft informed the Oil Information Agency (ANI) on January 22 after the presentation of investment projects of the Company at the meeting of the Coordinating Group of the European Commission for Oil and Oil Products. “We are not going to stop using the traditional oil transportation routes, such as the Druzhba oil pipeline , or grant them any status of being privileged. When the high-capacity pipeline infrastructure is provided, the market will define the routes of oil supply,” he said. As it was explained by the representative of the Company, the presentation was made, first of all, because the European Commission was concerned about the prospects for oil supplies to Europe. He reminded that in 2012 in Russia, Transneft implemented large-scale infrastructure projects in the pipeline transportation sector: BPS-2 (the maximum capacity is 30 mln tons) and ESPO (the maximum capacity is 80 mln tons); in this context, colleagues from the European Commission asked Transneft to outline its plans for transportation of oil to the countries of the European Union. “The diversification of export oil flows, which is opted for by Russia is a coercive measure. Unfortunately, we have repeatedly encountered rationing measures taken and applied by the transit countries to oil supplies from Russia, which infringed upon the economic interests of Russian oil companies and consumers in Europe,” the representative of Transneft said .

On the other hand, as for the European Union, Russian companies did not find any support to the measures aimed at unimpeded supplies of energy products to Europe, he said. For example, the third energy package was adopted without taking into consideration the opinion of Gazprom, JSC; the Burgas–Alexandroupoli pipelinedid not receive the required support; there is no efficient mechanism of the dialogue between the European Union and transit countries (Ukraine, Belarus) regarding the issues of tariff and transit policy, the representative of Transneft clarified. In the meantime, “the Russian party keeps trying to do its best to maintain uninterrupted oil supply to consumers, first of all, to consumers in Europe,” he said. Due to implementation of BPS and BPS-2 projects, Russia can guarantee uninterrupted transportation of oil and provide the sites, from which oil can be delivered directly to consumers, bypassing transit countries. “The APR market for Russia means taking into account trends in the world economy and Russia’s interest in finding a more predictable and stable market for energy products. Besides, the implementation of the ESPO project gives the possibility to develop regions of Eastern Siberia and the Far East, which is extremely important for consistent development of the Russian economy and does not depend on the export policy”, the representative of the Company said.

Source: Interfax
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