Locator: 51441RUSSIA.
Russia: receives first gasoline cargo from India as fuel shortages spread. Link here, from Charles Kennedy.
Russia has received its first gasoline cargo from India as Ukrainian attacks knock out refining capacity and a second wave of fuel shortages spreads across at least 10 Russian regions.
The roughly 68,000-metric-ton cargo was produced by Nayara Energy at its Vadinar refinery in western India and delivered to Russia’s Arctic port of Vitino after a ship-to-ship transfer at Port Said, Egypt. Two more gasoline cargoes from India are expected to reach Russia in the coming weeks.
Russia’s gasoline shortages have now led filling stations in at least 10 regions to impose sales restrictions or run short of some grades of fuel, with shortages now reaching the Moscow region. Gasoline sales on the St. Petersburg exchange have fallen by an average 20% since the beginning of August.
Russia was already using gasoline imports from Belarus to plug domestic supply gaps. It is now bringing gasoline and diesel by sea from Asia as refinery outages cut the volume of fuel available inside the country.
Ukraine has spent the summer hammering Russia’s refining system. The latest major casualty is the 120,000-barrel-per-day Orsk refinery, which could remain offline for as long as six months after an August 11 Ukrainian attack. The shutdown has tightened fuel supplies across Russia’s Urals region.
