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Russia does not expect significant volumes of oil supplies from US to China

January 29, 19:15 UTC+3 ST. PETERSBURG
Supplying oil from the US to China will not always be commercially viable against the oil that could be shipped from Russia's Far East or the Persian Gulf
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© AP Photo/Eric Gay, File

ST. PETERSBURG, January 29. /TASS/. The Russian Energy Ministry does not expect significant volumes of oil supplies from the United States to China, Deputy Energy Minister Anatoly Yanovsky told journalists Friday.

"As far as I understand, no. There will be some additional volume, but I cannot say that there will be any threat to the supplies from Russia," he said, answering a question whether there could be substantial oil supplies from the United States to China.

In general, Yanovsky assessed the possible volumes of supplies as minor. "Again, there is also an interesting moment - at the end everything depends on prices in the global market, i.e. - in low oil and consequently LNG, it is clear that supplying oil from the US to China would not always be commercially viable against the oil that could be brought from our Far East or the Persian Gulf ", - he said.

The deputy minister said that one should not expect redistribution of the Chinese market, "I do not think so. One should do not forget that China is the largest consumer of oil."

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