Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
Russia is burning off millions of dollars in gas every day.
https://www.cnn.com/2022/08/26/energy/russia-burning-natural-gas/index.html
London (CNN Business)Russia is burning an estimated $10 million worth of natural gas a day near its border with Finland, analysts say, even as it threatens to push Europe into a winter energy crisis by restricting exports to Germany and other countries.
State gas giant Gazprom is burning off, or "flaring," about 4.34 million cubic meters of gas a day at a new liquified natural gas (LNG) facility, according to analysis of heat levels and satellite data by Rystad Energy.
That's equivalent to 1.6 billion cubic meters on an annual basis, or about 0.5% of the bloc's gas demand, and worth about $10 million a day based on last week's European spot gas price. The Rystad analysis was first reported by the BBC on Friday.
Rystad said Gazprom's Portovaya plant is close to a compressor station at the beginning of the Nord Stream 1 pipeline, one of the main arteries carrying Russian gas to the European Union.
Rystad said that Russia is burning gas that would otherwise have been exported to Europe through the pipeline, which usually accounts for more than a third of Europe's gas imports but where flows have been throttled back to just 20% of normal levels.
London (CNN Business)Russia is burning an estimated $10 million worth of natural gas a day near its border with Finland, analysts say, even as it threatens to push Europe into a winter energy crisis by restricting exports to Germany and other countries.
State gas giant Gazprom is burning off, or "flaring," about 4.34 million cubic meters of gas a day at a new liquified natural gas (LNG) facility, according to analysis of heat levels and satellite data by Rystad Energy.
That's equivalent to 1.6 billion cubic meters on an annual basis, or about 0.5% of the bloc's gas demand, and worth about $10 million a day based on last week's European spot gas price. The Rystad analysis was first reported by the BBC on Friday.
Rystad said Gazprom's Portovaya plant is close to a compressor station at the beginning of the Nord Stream 1 pipeline, one of the main arteries carrying Russian gas to the European Union.
Rystad said that Russia is burning gas that would otherwise have been exported to Europe through the pipeline, which usually accounts for more than a third of Europe's gas imports but where flows have been throttled back to just 20% of normal levels.
Spite
2 replies
= new reply since forum marked as read
= new reply since forum marked as read
