In July, Russia’s seaborne exports of petroleum products to Asia via the Cape of Good Hope almost doubled compared to the previous month, reaching a record 1.1 million tonnes. This was reported by Reuters With reference to LSEG data.
The main share of exports was naphtha, amounting to 0.83 million tonnes. In addition, the route included fuel oil from the Russian Baltic ports of Ust-Luga and Vysotsk, as well as low-sulfur diesel fuel from Primorsk.
Russian suppliers have increased their supplies to Asian countries via Africa amid the growing risk of Houthi attacks in the Red Sea. At least three ships carrying Russian oil products were attacked by Yemeni Houthis in 2024, including the Liberian-flagged Lion of Chios, which loaded about 90,000 tons of fuel into the Russian Black Sea port of Tuapse in July.
But most ships carrying Russian oil products still take the shorter, faster route to Asia via the Suez Canal. In March, the Houthis assured both China and Russia that their ships would pass safely through the Red Sea.
Analysts before this notedIt is stated that tensions in the Red Sea have increased the importance of the Northern Sea Route.
Previously at Rosatom guess A sharp increase in transit to China via the Northern Sea Route by 2030.
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Source: Gazeta
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