Is Gazprom finished?

Forum » Beenos Trumpet » Is Gazprom finished?

May 05, 2024, 14:31

This was Russias biggest company. They just posted their first loss in over 20 years. No doubt due to sanctions- and Russias lack of enginuity to use LNG which is better for transportation. 

The sanctions would eventually work- but they have been very slow

May 05, 2024, 17:37

You need plants to convert and to store LNG. And the destination has to have the required facilities to receive and store it.

Perhaps they're happy to eat the cost for now, since switching to LNG, or even incorporating it, will cost a mint and take enough time so that once they are finally set up, the war is over and they'll be back to piped gas anyway.

LNG is decent option for shitholes like Africa where residents are "just as capable as everyone else" yet are unable to maintain energy infrastructure.

May 05, 2024, 18:32

Can Africa convert and store it? Maybe if the facility was built by overseas tech.
I cant see Europe buying gas from Russia for a long time. Maybe by then clean energy will be cheaper than fossil fuel

May 05, 2024, 19:05


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