Russia’s plan to reorient its energy trade towards the east has taken a leap forward with the start of oil exports through a new pipeline to China.
The pipeline, running from Skovorodino in east Siberia to Daqing in north China, is an offshoot of a new oil export route Russia is building to the Pacific Ocean, providing the world’s top oil producer with a strategic window on the energy-hungry markets of Asia. When it is completed in 2013, the 4,070km pipeline can carry up to 1.6m barrels a day of oil, about one third of Russia’s current exports.
Russia began commercial oil deliveries through the new pipeline to China on new year’s day consolidating increasingly close energy ties with the world’s fastest-growing oil consumer.
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