Gazprom Neft supplies first oil cargo to China via Northern Sea Route

14 July 2020 (Last Updated July 14th, 2020 14:43)

Gazprom's Russia-based subsidiary Gazprom Neft has shipped its first cargo with Arctic oil to China through the Northern Sea Route (NSR).

Gazprom Neft supplies first oil cargo to China via Northern Sea Route
Gazprom’s Zapolyarnoye gas field. Credit: Russian Federation Government.

Gazprom’s Russia-based subsidiary Gazprom Neft has shipped its first cargo with Arctic oil to China through the Northern Sea Route (NSR).

The oil company arm of Gazprom said it sent 144,000t of light Novy Port oil grade to the Chinese port of Yantai on the Bohai Sea from Murmansk, Russia.

According to Reuters, the cargo delivery took 47 days.

Before the delivery of Novy Port oil, which is extracted on the Yamal peninsula in Russia’s Arctic region, Gazprom Neft has been already using the NSR for European exports.

Since the start of Arctic oil exports in 2013, Gazprom Neft has delivered more than 40Mt of ARCO (Prirazlomnoye field) and Novy Port (Novoportovskoye field) to the European nations.

Gazprom Neft is the third biggest oil company in Russia in terms of output.

In February, movement of a Russian pipe-laying ship led to rumours that Gazprom will resume construction on Nord Stream 2.

In April 2019, Gazprom Neft signed a research cooperation agreement with IBM Research Brazil to leverage artificial intelligence (AI) to enhance geological information processing.

In August 2016, Gazprom Neft subsidiary Gazpromneft Shelf commissioned its four production wells at the Prirazlomnoye field in the Pechora Sea.