Factbox: Asian buyers of Russian oil, gas and coal

South China Holdings

22/02/2022 02:13

(.)
    Feb 22 (Reuters) - As the Ukraine-Russia crisis intensifies,
Brent crude futures  LCOc1  have hit fresh seven-year highs as
analysts warn trade sanctions may have implications for Asian
countries dependent on Russia for oil, gas and coal.
 O/R  urn:newsml:reuters.com:*:nL4N2UQ0F5
    Below are details on how Asian countries rely on oil, gas
and coal from Russia. 
    CHINA
    China accounts for 15.4% of Russia's total crude oil
exports, with only Saudi Arabia selling it more. China's Russian
crude oil buying averaged 1.59 million barrels per day (bpd)
last year, or 15.5% of its total imports.  urn:newsml:reuters.com:*:nL4N2UE0MT
    China receives about 40% of this via the 4,070-km
(2,540-mile) East Siberia Pacific Ocean (ESPO) pipeline.   
    Russia is also China's No. 3 gas supplier. China accounted
for 6.7% of Russian natural gas exports in 2021. Russian exports
to China totalled 16.5 billion cubic metres (bcm), or about
12.07 million tonnes in 2021, meeting roughly 5% of China's
demand. 
    Russia was also China's No. 2 coal supplier in 2021. China
imported 15.25 million tonnes, or 4.72% of its total coal
imports, from Russia in 2021, customs data showed.
    SOUTH KOREA
    Russia was South Korea's fourth-largest crude oil supplier
in 2021 after Saudi Arabia, the United States and Kuwait. South
Korea imported about 7.92 million tonnes of crude oil from
Russia last year, worth about $4.27 billion, data from the Korea
International Trade Association (KITA) showed. 
    South Korea also imported 2.87 million tonnes of gas from
Russia last year, the KITA data showed, making it the country's
sixth-largest supplier.
    Russia was the second-largest coal exporter to South Korea
in 2021 after Australia, shipping 21.95 million tonnes worth
about $2.56 billion and accounting for 17.5% of South Korea’s
total coal imports, the data showed. 
 urn:newsml:reuters.com:*:nL4N2U306L 
    
    JAPAN
    Russia was Japan's second-biggest supplier of thermal coal
in 2021, making up 12.48% of its thermal coal imports, Japanese
customs data showed. 
    Russia was Japan’s fifth-biggest supplier of crude oil and
liquefied natural gas (LNG) in 2021, accounting for 3.63% and
8.84% of its total imports, respectively.  urn:newsml:reuters.com:*:nL1N2UB0F1
   Japan accounted for 4.1% of Russia's crude oil exports and
7.2% of its natural gas 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 total coal imports, Vietnam customs data showed. 
    The country did not import crude oil from Russia in 2021,
but Vietnam’s state oil firm PetroVietnam has a 49% stake in an
oil joint venture (Rusvietpetro) with Zarubezhneft in Russia’s
Nenets Autonomous Region, which had produced 30 million tonnes
of crude oil as of mid-2021 since its establishment in 2008.
    
    INDIA
    India imported 1.8 million tonnes of thermal coal from
Russia in 2021, down from 2.5 million in 2020, data from Iman
Resources showed.
    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 overall its imports.  urn:newsml:reuters.com:*:nL4N2TZ38P 
    India accounts for about 0.2% Russia's natural gas exports.
GAIL (India) Ltd  GAIL.NS  has a 20-year deal with Gazprom to
buy 2.5 million tonnes of LNG a year which started 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; Editing by Gavin Maguire, Tom Hogue
and Jason Neely)
 ((Isabel.Kua@thomsonreuters.com;))