Oil exports via port Ust-Luga is forecasted to decline by 14% to 20 mln t this year

This year, exports of Russian oil via the terminal of Neva Pipeline Company LLC (NPC, port Ust-Luga, Leningrad region, end point of Baltic Pipeline System-2) is forecasted to decline by 14%, year-on-year, to 20 mln t. According to IAA PortNews reporter, this was announced to the journalists by NPC Director General Konstantin Khamlai, who has not explained the cause of the expected decline.

From March 23, 2012, till December 31, 2013, Rosneft (one of largest clients of NPC) exported 10,304,759 t of oil via the terminal.

KazTransOil, another large client of NPC, exported 7,970,109 t of oil via NPC terminal.

The terminal of Neva Pipeline Company LLC at port Ust-Luga was put into operation on March 23, 2012.

In 2013, oil exports via NPC totaled 23.3 mln t.