VIDEO - Russian Economy
RUSSIAN Reserves Value Crashes as Pipeline Sales Collapse & LNG Sales Fall Despite Massive Reserves
Joe Blogs
338K subscribers
1-3-2024 10:30 a.m. EST
20:04 Minutes
https://www.youtube.com/watch?v=sD2ZHihNLec
Prior to the Invasion of Ukraine RUSSIA was earning $120 Billion income from the sale of Natural Gas. This revenue stream has been devastated by the Sanctions and Pipeline Gas Sales to Europe in 2023 dell by a further 56%. Russia is unable to sell this gas to other countries as it does not have any additional pipelines nor does it have the ability to convert the gas into LGN. In this video I look at Russia’s sales for 2023, what is happening in the gas markets and discuss the possibility that Russia may never be able to monetize the massive gas reserves that it is sitting on.
Chapters:
0:00 Intro
2:22 RUSSIAN GAS SALES
4:54 RUSSIAN LNG SALES
6:57 2023 LNG MARKET
13:26 RUSSIAN LNG PRODUCTION
15:46 SUMMARY & CONCLUSION
ARTICLE - Energy Security
German Galushchenko: Over 2 GW of capacity damaged by Russian attacks restored
Ministry of Energy of Ukraine
03 January 2024 15:35
https://www.kmu.gov.ua/en/news/herman-halushchenko-vidnovleno-ponad-2-hvt-potuzhnostei-poshkodzhenykh-rosiiskymy-atakamy
In 2024, Ukraine will not only restore its power generation capacity, but also increase it. This was stated by Minister of Energy of Ukraine German Galushchenko in an interview with the national telethon.
The head of the Ministry of Energy recalled that about 50% of the Ukrainian power system facilities were damaged or occupied by russian terrorists.
“To date, more than 2 GW of power system capacity has been restored. This applies to the facilities that were severely damaged last winter,” said German Galushchenko.
The Minister said that this capacity was of great importance to the power system and stressed the importance of timely payment for electricity consumed by citizens.
“Citizens have been of great help in restoring the power system. The tariff for households was changed and it is partly thanks to these funds paid by consumers that we have managed to recover,” the Minister said.
He said that the relevant measures had allowed to accumulate about UAH 16-18 billion, which was used, among other things, to carry out a repair campaign at the facilities of the state power generation companies Ukrhydroenergo and Energoatom.
German Galushchenko stressed that there were no plans to increase household tariffs until the end of the 2023/24 heating season.
The Minister also noted that in 2024, decentralisation, an increase in the share of gas turbine and gas piston plants, solar and wind generation would be an important tool for increasing power generation capacity. Relevant measures are already underway and will be accelerated in 2024.