![]() ![]() Russia has less capacity than the United States, Qatar and Australia to export liquefied natural gas, a fuel that can be transported on ships like oil. Russia has fared surprisingly well at holding on to its share in the oil markets despite Western embargoes, although the need to sell at a discount has cut deeply into revenue.īut finding new customers for gas is much more difficult because most of the fuel is still transported through fixed pipelines. That figure roughly correlates with some Western estimates. On Thursday, Izvestia, a Kremlin-linked publication, reported that pipeline exports might fall 50 percent in 2023, citing a government forecast. ![]() ![]() By launching hostilities and then cutting and manipulating supplies, Russia threw away decades of work establishing itself as the largest gas supplier to energy-hungry Europe, ceding that position to Norway. Russia has to a great extent cut itself off from Europe - its most important customer for natural gas, one that paid on time and full prices. ![]()
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