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Keyword: gassupply

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  • German Chemical Giant Warns Of “Total Collapse” If Russian Gas Supply Cut

    03/31/2022 6:28:27 PM PDT · by blam · 47 replies
    Zubu Brothers ^ | 3-31-2022
    CEO of Germany’s multinational BASF SE, the world’s largest chemical producer, has warned that curbing or cutting off energy imports from Russia would bring into doubt the continued existence of small and medium-sized energy companies, and further would likely spiral Germany into its most “catastrophic” economic crisis going back to the end of World War 2. Company CEO Martin Brudermuller issued the words in an interview with Frankfurter Allgemeine newspaper just ahead of German officials by midweek giving an “early warning” to industries and the population of possible natural gas shortages, as Russia appears ready to firmly hold to Putin’s...
  • European Gas Prices Hit Escape Velocity After Russian Gas Supplies Plunge By 57% Overnight

    09/28/2021 11:07:06 AM PDT · by SeekAndFind · 38 replies
    Nation and State ^ | 09/28/2021 | Tyler Durden
    There's Not much to add today that we didn't already cover overnight in "All Hell Is Breaking Loose In Energy Markets" suffice to note that European gas prices (Dutch TTF and UK NBP) are up another 12% today to new all time highs...... and while all the dynamics we listed yesterday are all still applicable, we can add one more: a sudden drop off in Russian nat gas deliveries via the Yamal-Europe pipeline that runs across Belarus and Poland to Mallnow, Germany...... which shrank lumped by 57% to the lowest level since Sept 6, just as a panicking Europe is...