Kazakhstan's TCO cranks up LPG exports to Finland
(Reuters) - Kazakhstan's Tengizchevroil exported about 2,000 metric tons of LPG to Finland by rail last month as the company seeks to expand in new markets, industry sources said on Tuesday
TCO, in which Chevron has a 50% stake, resumed exports of LPG - used as a motor fuel and for household heating - to Finland in November after a seven-year hiatus.
At the same time, Kazakhstan halved LPG rail transit via Russia to 22,300 tons in January, from 40,300 tons a year ealrier, in the face of export restrictions introduced to meet domestic demand.
TCO did not respond to a request for comment.
LPG is a popular car fuel in Kazakhstan, where prices have been regulated since early 2022 after a price spike prompted public unrest.
Exports have also been limited by suspension of shipments to Ukraine, Belarus and Russia's southern ports because of the conflict in Ukraine.
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