It sends over three quarters of a million barrels per day for use in European heavy machinery, transportation, farming, fishing and for power and heating.
Around 760,000 barrels per day of Russian gasoil and diesel flows to Europe would be at risk, needing replacement, if European buyers shun these volumes, according to energy consultancy FGE. And France may struggle to find alternative supplies."We estimate that 10 to 15% can be found elsewhere," Olivier Kntois, the head of UFIP, said this month.A spokesperson for UK Petroleum Industry Association told Reuters fuel suppliers are working with the government to deliver the fuels the UK needs"while adjusting long-term supply routes to reduce reliance on Russian crude oil and oil products".
"There just isn't enough diesel around not to take [Russian diesel] at the moment," a trading source said. But increasing flows to Europe from the Middle East and the United States will take time, one trader said, adding that for this reason"for now things will have to stay the same".