🔹Diesel and petrol ⛽️ stations in parts of France 🇫🇷 are running out of fuel due to worker strikes at 🏭 oil refineries. France’s total refining capacity is roughly 1.4 million bpd—the fourth highest in Europe.
🔹France 🇫🇷is pouring billions into energy 💡price caps and plans to offset this with the windfall tax on energy producers.
🔹France's 26 of 56 nuclear 🏭 reactors are down for maintenance. Électricité de France (EDF) plans to have all reactors online by winter ⛄️.
Recently reported news on France's energy:
💠 Massive protests 🔥 throughout France as unions strike.
💠 French gov't plans to nationalize EDF. Firewood 🪵 prices jump.
💠 French steel smelter shut down due to high 📈 energy prices.
💠 Ammonia factory shut-downs result in commercial CO2 shortages in France 🇫🇷.
🔹France 🇫🇷is pouring billions into energy 💡price caps and plans to offset this with the windfall tax on energy producers.
🔹France's 26 of 56 nuclear 🏭 reactors are down for maintenance. Électricité de France (EDF) plans to have all reactors online by winter ⛄️.
Recently reported news on France's energy:
💠 Massive protests 🔥 throughout France as unions strike.
💠 French gov't plans to nationalize EDF. Firewood 🪵 prices jump.
💠 French steel smelter shut down due to high 📈 energy prices.
💠 Ammonia factory shut-downs result in commercial CO2 shortages in France 🇫🇷.
🔥7😁6👍3🤔1🤯1😱1
🔹Chinese 🇨🇳 companies that signed long-term contracts to buy U.S. 🇺🇸 LNG are selling the excess & making millions per cargo 🚢. Buyers include Europe, 🇪🇺 Japan 🇯🇵 & South Korea. 🇰🇷 This year, all available cargo was resold.
🔹China is getting nearly 30% more gas from Russia 🇷🇺 so far this year via the Power of Siberia pipeline & discounted Russian LNG. The Atlantic spot LNG freight rates jumped 91% 📈 from the previous week, hitting $318,250 per day on Friday, just below the all time high of $322.5 from January 2021.
🔹"The biggest challenge facing every market participant right now is credit,". "The ballooning 📈 of LNG cargo 🚢 values, along with the spike in volatility, has ... put quite a strain on those players operating with smaller balance sheets.
Recent LNG reports on this channel.
💠 US 🇺🇸 LNG export boom & shale drilling jump.
💠 Sanctions on Russia + Europe LNG/oil 📈 demand drive tanker rates to record highs.
💠 Russia 🇷🇺 profitably selling Sakhalin LNG @ 50% discount.
🔹China is getting nearly 30% more gas from Russia 🇷🇺 so far this year via the Power of Siberia pipeline & discounted Russian LNG. The Atlantic spot LNG freight rates jumped 91% 📈 from the previous week, hitting $318,250 per day on Friday, just below the all time high of $322.5 from January 2021.
🔹"The biggest challenge facing every market participant right now is credit,". "The ballooning 📈 of LNG cargo 🚢 values, along with the spike in volatility, has ... put quite a strain on those players operating with smaller balance sheets.
Recent LNG reports on this channel.
💠 US 🇺🇸 LNG export boom & shale drilling jump.
💠 Sanctions on Russia + Europe LNG/oil 📈 demand drive tanker rates to record highs.
💠 Russia 🇷🇺 profitably selling Sakhalin LNG @ 50% discount.
👍12🔥4🤔4
🔹The EU 🇪🇺 agreed to mandate a reduction in electricity 💡consumption by at least 5% during peak price hours. IEA says EU bloc need to reduce natural gas use by 13% over the winter in case of gas cut-off. EU continue to push windfall taxes, power rationing, & price caps on imported gas.
🔹German 🇩🇪 households & small businesses raised their natural gas consumption by 14.5% above the 5-year average in the week from Sept. 19 - 25. The FNA noted that a reduction in consumption of at least 20% is required to avoid a gas shortage in the coming months. Sales of electric heaters 🔌 soar in a spree of panic shopping over fears of gas shortages.
🔹UK's 🇬🇧 Ofgem said there was a possibility that Britain could enter a “gas supply emergency” in which supplies to some gas-fired power plants 🏭 could be cut off, stopping them generating electricity.
🔹Sweden's 🇸🇪 state energy supplier is trying to prepare for the winter ⛄️with austerity tips for consumers.
🔹German 🇩🇪 households & small businesses raised their natural gas consumption by 14.5% above the 5-year average in the week from Sept. 19 - 25. The FNA noted that a reduction in consumption of at least 20% is required to avoid a gas shortage in the coming months. Sales of electric heaters 🔌 soar in a spree of panic shopping over fears of gas shortages.
🔹UK's 🇬🇧 Ofgem said there was a possibility that Britain could enter a “gas supply emergency” in which supplies to some gas-fired power plants 🏭 could be cut off, stopping them generating electricity.
🔹Sweden's 🇸🇪 state energy supplier is trying to prepare for the winter ⛄️with austerity tips for consumers.
😁13🔥5🤔2👍1💯1
🔹France 🇫🇷 - Nuclear power group, EDF is rushing to get nuclear power stations 🏭 online after reactors were shut down due to corrosion issues. The process has started for the gov't to fully nationalise debt-laden EDF.
🔹1 of Belgium’s 🇧🇪 6 functioning nuclear reactors, the Tihange 3, 🏭 went offline unexpectedly. Belgium shut down one of the reactors at its Doel plant “for good” just over a week ago, based on plans to dismantle its nuclear energy infrastructure.
🔹Germany 🇩🇪 realises the needs to hold off on abandoning nuclear power. 2 of the 3 remaining nuclear power plants in operation will stay online at least until early 2023.
🔹The debate on Italy’s 🇮🇹 no-nuclear stance is being re-ignited, as The League cites the need to attain energy sovereignty to manage rising energy bills.
Recently reported here:
💠 26 of 56 French 🏭 nuclear plants down.
💠 Hungary 🇭🇺 partners with Russia 🇷🇺 for construction of nuclear reactor.
💠 Worker strikes at French 🇫🇷 nuclear facilities.
🔹1 of Belgium’s 🇧🇪 6 functioning nuclear reactors, the Tihange 3, 🏭 went offline unexpectedly. Belgium shut down one of the reactors at its Doel plant “for good” just over a week ago, based on plans to dismantle its nuclear energy infrastructure.
🔹Germany 🇩🇪 realises the needs to hold off on abandoning nuclear power. 2 of the 3 remaining nuclear power plants in operation will stay online at least until early 2023.
🔹The debate on Italy’s 🇮🇹 no-nuclear stance is being re-ignited, as The League cites the need to attain energy sovereignty to manage rising energy bills.
Recently reported here:
💠 26 of 56 French 🏭 nuclear plants down.
💠 Hungary 🇭🇺 partners with Russia 🇷🇺 for construction of nuclear reactor.
💠 Worker strikes at French 🇫🇷 nuclear facilities.
🔥10👍4⚡2🤔2🤡1
🔹Turkish 🇹🇷 & Russian central banks delegates had their 15th meeting of the exchange in Kazan, Republic of Tatarstan. 🇷🇺
🔹They discussed the possibility of using the Turkish 🇹🇷TROY payment system instead of MIR which is sanctioned by the US 🇺🇸.
🔹If Russian banks that are outside US sanctions accept the TROY payment system or if they open an account with Turkish banks operating in Russia & receive a card, integrated with Troy, Russian tourists can shop on these cards 💳 in Türkiye.
🔹TROY was controlled by the Interbank Card Center (BKM), but in March 2021, it was brought under a separate umbrella that is state controlled.
🔹The system and transactions are under the direct control of Türkiye 🇹🇷 & user-info is not stored abroad on servers.
Backstory to development:
💠The 🇺🇸 US Treasury imposed sanctions on any institution outside Russia 🇷🇺 using the MIR payment system. This forced Türkiye to stop using MIR.
💠Five Turkish 🇹🇷 banks previously adopted Russia’s MIR payments system.
🔹They discussed the possibility of using the Turkish 🇹🇷TROY payment system instead of MIR which is sanctioned by the US 🇺🇸.
🔹If Russian banks that are outside US sanctions accept the TROY payment system or if they open an account with Turkish banks operating in Russia & receive a card, integrated with Troy, Russian tourists can shop on these cards 💳 in Türkiye.
🔹TROY was controlled by the Interbank Card Center (BKM), but in March 2021, it was brought under a separate umbrella that is state controlled.
🔹The system and transactions are under the direct control of Türkiye 🇹🇷 & user-info is not stored abroad on servers.
Backstory to development:
💠The 🇺🇸 US Treasury imposed sanctions on any institution outside Russia 🇷🇺 using the MIR payment system. This forced Türkiye to stop using MIR.
💠Five Turkish 🇹🇷 banks previously adopted Russia’s MIR payments system.
👍14🔥3⚡2🤔2👎1👏1
Media is too big
VIEW IN TELEGRAM
🔹The Joint Ministerial Monitoring Committee (JMMC) of the OPEC+ group (at OPEC HQ in Vienna, Austria 🇦🇹) recommended today a 2 million barrels per day (bpd) cut in production for November.
🔹The US 🇺🇸 had pushed OPEC not to proceed with the cuts.
Must watch video - OPEC+ defends their role in oil market stability compared to LNG/coal/natgas with facts & figures amid Central Banks QE. They reiterated the fundamentals of oil price in maintaining long term capital investments for years to come, not short term. Reuters put in spot for their fake news. Congo Energy Minister schools western journalist on what energy poverty is.
Previous posts on this channel:
💠 EU 🇪🇺 plans to impose price cap on Russian 🇷🇺 oil in markets.
💠 The U.S. sanctioned firms in China, 🇨🇳 India, 🇮🇳 Hong Kong 🇭🇰 & the UAE 🇦🇪 over Iranian petroleum trade.
💠 Shipping LNG & oil cargo 🚢 prices increase due to jump in tanker rates.
💠 Russia's 🇷🇺 won't sell oil 🛢 to countries that impose a price cap.
🔹The US 🇺🇸 had pushed OPEC not to proceed with the cuts.
Must watch video - OPEC+ defends their role in oil market stability compared to LNG/coal/natgas with facts & figures amid Central Banks QE. They reiterated the fundamentals of oil price in maintaining long term capital investments for years to come, not short term. Reuters put in spot for their fake news. Congo Energy Minister schools western journalist on what energy poverty is.
Previous posts on this channel:
💠 EU 🇪🇺 plans to impose price cap on Russian 🇷🇺 oil in markets.
💠 The U.S. sanctioned firms in China, 🇨🇳 India, 🇮🇳 Hong Kong 🇭🇰 & the UAE 🇦🇪 over Iranian petroleum trade.
💠 Shipping LNG & oil cargo 🚢 prices increase due to jump in tanker rates.
💠 Russia's 🇷🇺 won't sell oil 🛢 to countries that impose a price cap.
👍26🔥5😁2❤1🤔1
🔹Low water levels 📉 in the Mississippi River restricts barge traffic along one of the 🇺🇸 US’s busiest waterways this week. The river is always relatively low in the early autumn, but this year the situation is especially pronounced after a very dry summer.
🔹Unless more rain falls soon 🌧 in the Midwest, which is drained by the Mississippi, the southern reaches of the river could soon fall to some of their lowest levels in a decade.
🔹Salty water from the Gulf of Mexico can now creep upstream. In response, plans are to build a sill — something like a speed bump made of sediment — on the riverbed near Myrtle Grove, Louisiana, to keep saltwater from threatening drinking 💧supplies.
🔹29% of the US's soybean crop is transported by barge. 🚢 Barge capacity is down by about one-third this fall. Nearly two-thirds of exported corn 🌽 typically travel down the Mississippi River.
🔹Unless more rain falls soon 🌧 in the Midwest, which is drained by the Mississippi, the southern reaches of the river could soon fall to some of their lowest levels in a decade.
🔹Salty water from the Gulf of Mexico can now creep upstream. In response, plans are to build a sill — something like a speed bump made of sediment — on the riverbed near Myrtle Grove, Louisiana, to keep saltwater from threatening drinking 💧supplies.
🔹29% of the US's soybean crop is transported by barge. 🚢 Barge capacity is down by about one-third this fall. Nearly two-thirds of exported corn 🌽 typically travel down the Mississippi River.
🔥5👍4🤔4😱2😢1
🔹 Malaysia - 🇲🇾 Petronas declares force majeure on contracted LNG deliveries to Japan 🇯🇵 through the year-end. Supply to its LNG export facility reduced because of a leak on the Sabah-Sarawak Gas Pipeline, due to a landslide on Sept. 21.
🔹Leak may be repaired before end of 2022. Roughly 10 LNG shipments 🚢 will be lost over the next 3 months. Malaysia delivered 51 cargoes to Japan in the last 3 months of 2021.
🔹With a total LNG capacity of 25.7 million tons per annum, the Malaysia LNG project is one of the largest LNG facilities 🏭 in a single location in the world.
🔹The gov't recently approved a proposal to amend the Inland Revenue Board of Malaysia Act 🇲🇾(LHDN) so that Sabah & Sarawak (2 states) can have representatives sit on the LHDN board.
Recent reported here:
💠 LNG deals between Japan 🇯🇵 & Russia 🇷🇺 via the Sakhalin project.
🔹Leak may be repaired before end of 2022. Roughly 10 LNG shipments 🚢 will be lost over the next 3 months. Malaysia delivered 51 cargoes to Japan in the last 3 months of 2021.
🔹With a total LNG capacity of 25.7 million tons per annum, the Malaysia LNG project is one of the largest LNG facilities 🏭 in a single location in the world.
🔹The gov't recently approved a proposal to amend the Inland Revenue Board of Malaysia Act 🇲🇾(LHDN) so that Sabah & Sarawak (2 states) can have representatives sit on the LHDN board.
Recent reported here:
💠 LNG deals between Japan 🇯🇵 & Russia 🇷🇺 via the Sakhalin project.
🤔6👍4🔥2🤯2
🔹UK's 🇬🇧 Grid Operator warned that planned three-hour power blackouts 🕯 could be imposed in some areas, in the "unlikely" event supplies of gas fall short of demand.
🔹Gas needed to power the grid was expected to rise by nearly 22% - 📈 offsetting savings from lower household & business use - largely because of a need for power in France 🇫🇷 where many nuclear plants are offline. (Photo- Electricity Interconnector b/t UK & France)
🔹LNG 🚢 from the US 🇺🇸 & Qatar 🇶🇦 are acting as the new primary source of supply flexibility. Gas accounts for over 40% of UK power generation - more if the wind fails to blow & other plants are offline for maintenance.
Recently reported here:
💠 UK's 🇬🇧 Ofgem said there was a possibility that Britain could enter a “gas supply emergency”.
💠 The UK formally lifted the moratorium on shale gas extraction in England 🏴.
💠 UK energy executives warns of mass civil unrest due to higher heating & electricity 🔌 bills this winter.
🔹Gas needed to power the grid was expected to rise by nearly 22% - 📈 offsetting savings from lower household & business use - largely because of a need for power in France 🇫🇷 where many nuclear plants are offline. (Photo- Electricity Interconnector b/t UK & France)
🔹LNG 🚢 from the US 🇺🇸 & Qatar 🇶🇦 are acting as the new primary source of supply flexibility. Gas accounts for over 40% of UK power generation - more if the wind fails to blow & other plants are offline for maintenance.
Recently reported here:
💠 UK's 🇬🇧 Ofgem said there was a possibility that Britain could enter a “gas supply emergency”.
💠 The UK formally lifted the moratorium on shale gas extraction in England 🏴.
💠 UK energy executives warns of mass civil unrest due to higher heating & electricity 🔌 bills this winter.
👍5😁3
🔹German 🇩🇪 households & businesses need to increase energy conservation more than ever as average temperatures are set to slide to near 5 deg. C in the second half of the month. Good news is the total gas storage level in Germany is about 92.75% 📈.
🔹Italian gov't 🇮🇹 signs decree on energy reduction for heating to encourage conservation. Different zones will be allowed specific duration limits & building types will be allowed temperature limits 🌡 from 17 °C +/– 2 °C.
🔹Emergency scenarios are being prepared in Sweden 🇸🇪 in case of power cuts. since a windless summer resulted in less electricity 🪫 from wind turbines. Sweden did not seek to compensate energy and fuel prices, but cut taxes; however, this did not live up to expectations.
🔹Poland 🇵🇱- people have started collecting household trash to burn 🔥 this winter due to high energy costs. Poland is home to 40 of the 100 cities with the worst air quality in the EU b/c of a reliance on coal to heat homes.
🔹Italian gov't 🇮🇹 signs decree on energy reduction for heating to encourage conservation. Different zones will be allowed specific duration limits & building types will be allowed temperature limits 🌡 from 17 °C +/– 2 °C.
🔹Emergency scenarios are being prepared in Sweden 🇸🇪 in case of power cuts. since a windless summer resulted in less electricity 🪫 from wind turbines. Sweden did not seek to compensate energy and fuel prices, but cut taxes; however, this did not live up to expectations.
🔹Poland 🇵🇱- people have started collecting household trash to burn 🔥 this winter due to high energy costs. Poland is home to 40 of the 100 cities with the worst air quality in the EU b/c of a reliance on coal to heat homes.
😁13🔥2⚡1👍1🤔1
🔹The US 🇺🇸 is reviewing various options regarding its relationship with Saudi Arabia 🇸🇦 after OPEC+ nations agreed to cut oil production. Biden admin “disappointed by the short-sighted decision” accused OPEC+ of “aligning with Russia”. 🇷🇺 Another 10m barrels will be released from the US SPR.
🔹OPEC+ cutting supply to offset reduced US oil 🛢 demand & send US economy into recession even faster so Fed is forced to cut rates.
🔹Saudi Arabia 🇸🇦 sells most of its oil under long-term contracts to Asia, pricing for which is reviewed each month. China, 🇨🇳 Japan, 🇯🇵 South Korea 🇰🇷 & India 🇮🇳 are the biggest buyers.
🔹Russia is under-producing by c.1.3 mb/d vs its current quotas. This means an actual cut of a little under 1 million bpd.
🔹US 🇺🇸 Democrats in 2020, killed a proposal by Trump to replenish the SPR with oil from American producers.
🔹OPEC+ lined up with Russia 🇷🇺 to slash output by 2m barrels a day 🛢 from November & through 2023. Video clip of OPEC meeting here.
🔹OPEC+ cutting supply to offset reduced US oil 🛢 demand & send US economy into recession even faster so Fed is forced to cut rates.
🔹Saudi Arabia 🇸🇦 sells most of its oil under long-term contracts to Asia, pricing for which is reviewed each month. China, 🇨🇳 Japan, 🇯🇵 South Korea 🇰🇷 & India 🇮🇳 are the biggest buyers.
🔹Russia is under-producing by c.1.3 mb/d vs its current quotas. This means an actual cut of a little under 1 million bpd.
🔹US 🇺🇸 Democrats in 2020, killed a proposal by Trump to replenish the SPR with oil from American producers.
🔹OPEC+ lined up with Russia 🇷🇺 to slash output by 2m barrels a day 🛢 from November & through 2023. Video clip of OPEC meeting here.
👍12🔥6🤔1
🔹Some fuel stations ⛽️ along France's 🇫🇷 borders have run dry after strikes that have disrupted TotalEnergies' refining & delivery of oil products. About 12% of service stations are experiencing some shortages, with the number in the northern Hauts-de-France region at 30%.
🔹TotalEnergies said repair works were currently underway at the 119,000 barrel per day 🛢 refinery in southern France. The trade union is demanding a 10% salary increase to help catch up with soaring inflation 📈.
🔹Strike action & unplanned maintenance have taken offline more than 60 percent of France’s refining capacity – or 740,000 barrels per day (bpd) 🛢. The French government said earlier this week that France had tapped its strategic fuel reserves to resupply petrol stations ⛽️ that have run dry.
🔹TotalEnergies has said it has increased imports & has additional stocks "that could last between 20 days and a month." After that France 🇫🇷 will be effectively paralyzed, only it won't be Putin's fault but the labor unions.
🔹TotalEnergies said repair works were currently underway at the 119,000 barrel per day 🛢 refinery in southern France. The trade union is demanding a 10% salary increase to help catch up with soaring inflation 📈.
🔹Strike action & unplanned maintenance have taken offline more than 60 percent of France’s refining capacity – or 740,000 barrels per day (bpd) 🛢. The French government said earlier this week that France had tapped its strategic fuel reserves to resupply petrol stations ⛽️ that have run dry.
🔹TotalEnergies has said it has increased imports & has additional stocks "that could last between 20 days and a month." After that France 🇫🇷 will be effectively paralyzed, only it won't be Putin's fault but the labor unions.
🔥9👍4🤔1😱1
This media is not supported in your browser
VIEW IN TELEGRAM
🔹Citizens of Poland 🇵🇱, many of them municipal officials, rallied in Warsaw today, to protest the costs of keeping lights 💡on in the country as energy prices continue to soar.
🔹The Associations of Polish Cities and Regions and the Union of Polish Metropolises organized the protest 🔥 to warn that there was "only darkness ahead."
🔹Energy bills rose by over 700% 📈 from last year, forcing city authorities to cut power to recreational and child care facilities and turn street lights off at night to save money.
🔹Prime Minister of Poland Mateusz Morawiecki in a written address to the protesters laid the blame for what is happening on Russia 🇷🇺. He noted that the Polish government had already decided to allocate tens of billions of zlotys to support local governments.
🔹The Associations of Polish Cities and Regions and the Union of Polish Metropolises organized the protest 🔥 to warn that there was "only darkness ahead."
🔹Energy bills rose by over 700% 📈 from last year, forcing city authorities to cut power to recreational and child care facilities and turn street lights off at night to save money.
🔹Prime Minister of Poland Mateusz Morawiecki in a written address to the protesters laid the blame for what is happening on Russia 🇷🇺. He noted that the Polish government had already decided to allocate tens of billions of zlotys to support local governments.
😁14⚡2👍2🔥2🤔1
Media is too big
VIEW IN TELEGRAM
Latest update on the Crimean Bridge explosion & video compilation:
🔹This morning's explosion on the 🇷🇺 Crimean Bridge, claimed the lives of three people. “These are, presumably, those riding in a car that was next to the blown-up truck 🚚.
🔹The explosion 🔥 on the automobile section caused the ignition of 7 fuel tanks of a train that was heading toward Crimea. The fire has been extinguished, & the damage is being assessed. The Crimean authorities said ferry service will be provided while the bridge is being repaired.
🔹Mobilization for repairs has begun. A working railcar with a crane 🏗 for dismantling structures is onsite. Partial resumption of road traffic 🚗 until repairs completed.
🔹"The 🇺🇦 Kiev regime’s reaction the destruction of civilian infrastructure highlights its terrorist nature," - Maria Zakharova.
🔹The bridge consists of two parallel sections: a four-lane road for vehicles & a double-track railway 🚂 for passenger and freight trains. It is 19 kilometers (11.8 miles) long.
🔹This morning's explosion on the 🇷🇺 Crimean Bridge, claimed the lives of three people. “These are, presumably, those riding in a car that was next to the blown-up truck 🚚.
🔹The explosion 🔥 on the automobile section caused the ignition of 7 fuel tanks of a train that was heading toward Crimea. The fire has been extinguished, & the damage is being assessed. The Crimean authorities said ferry service will be provided while the bridge is being repaired.
🔹Mobilization for repairs has begun. A working railcar with a crane 🏗 for dismantling structures is onsite. Partial resumption of road traffic 🚗 until repairs completed.
🔹"The 🇺🇦 Kiev regime’s reaction the destruction of civilian infrastructure highlights its terrorist nature," - Maria Zakharova.
🔹The bridge consists of two parallel sections: a four-lane road for vehicles & a double-track railway 🚂 for passenger and freight trains. It is 19 kilometers (11.8 miles) long.
👍10😢5🤔2🕊2🤬1🙏1
Media is too big
VIEW IN TELEGRAM
🔹Germany - 🇩🇪 Western media blackout on 'Alternative für Deutschland' (AfD) party led protests in Berlin. Videos are being censored on social media sites too in certain western countries.
🔹Coincidentally, an act of “sabotage” had affected Germany's national rail service 🚂Deutsche Bahn's radio communications network this morning. The incident brought rail traffic in the northern part of the nation to a standstill preventing travel from northern Germany to Berlin.
🔹Protesters are seen shouting "Habeck go!" (referring to Economy Minister Robert Habeck) as anger against soaring energy prices 📈 grows in Germany. The rally is also against the sanctions policy of the German gov't.
🔹Demands include a return access to Russian 🇷🇺 energy & to stop all military aid to Ukraine after Zelensky's call for a nuclear strike on Russia.
🔹Counter protests organised (by the usual NGOs) as a smear campaign 🔥against members of the AfD with the aim to falsely label the AfD as n&zis.
🔹Coincidentally, an act of “sabotage” had affected Germany's national rail service 🚂Deutsche Bahn's radio communications network this morning. The incident brought rail traffic in the northern part of the nation to a standstill preventing travel from northern Germany to Berlin.
🔹Protesters are seen shouting "Habeck go!" (referring to Economy Minister Robert Habeck) as anger against soaring energy prices 📈 grows in Germany. The rally is also against the sanctions policy of the German gov't.
🔹Demands include a return access to Russian 🇷🇺 energy & to stop all military aid to Ukraine after Zelensky's call for a nuclear strike on Russia.
🔹Counter protests organised (by the usual NGOs) as a smear campaign 🔥against members of the AfD with the aim to falsely label the AfD as n&zis.
👍34🔥9⚡3👏3😁1
🔹Russia’s 🇷🇺 Far-Eastern Sakhalin-1 oil 🛢 and gas project, currently led by US-based 🇺🇸Exxon Mobil, will be transferred to a local entity. The decree mandates the Russian gov't forming a new legal entity that will take over the rights & responsibilities of the project, its investor rights, & its operator.
🔹Foreign stakeholders are now given one month to announce whether they wish to maintain their stakes in the new company. Those who decide against doing so will be offered compensation. 💵
Sakhalin-2 developments recently reported on this channel:
💠 Russia is selling LNG 🚢 from the Sakhalin-2 project at a 50% discount & the operating company, is still making a profit.
💠 Moscow approved Japan’s 🇯🇵 Mitsubishi participation in the Sakhalin-2 LNG project. Tokyo Gas & JERA signs long term LNG contracts.
💠 President Putin 🇷🇺 ordered the re-organization of the Far Eastern Sakhalin-2 LNG project, transferring ownership to a new domestic company.
🔹Foreign stakeholders are now given one month to announce whether they wish to maintain their stakes in the new company. Those who decide against doing so will be offered compensation. 💵
Sakhalin-2 developments recently reported on this channel:
💠 Russia is selling LNG 🚢 from the Sakhalin-2 project at a 50% discount & the operating company, is still making a profit.
💠 Moscow approved Japan’s 🇯🇵 Mitsubishi participation in the Sakhalin-2 LNG project. Tokyo Gas & JERA signs long term LNG contracts.
💠 President Putin 🇷🇺 ordered the re-organization of the Far Eastern Sakhalin-2 LNG project, transferring ownership to a new domestic company.
👍28💯5🔥3🤔1
🔹Prices for wood pellets have nearly doubled to 600 euros a ton in France 🇫🇷. Four fold boom in demand for high-end tiled stoves in Sweden 🇸🇪.
🔹Germany's 🇩🇪 association of chimney sweeps is dealing with a flood of requests to connect new and old stoves.
🔹Demand for firewood soars in Austria🇦🇹. 40% increase in wood burning stove sales in the UK 🇬🇧.
Previous firewood developments reported on this channel:
💠 On the Swedish 🇸🇪 marketplace site Blocket, the word "firewood" 🪵 became the most searched term on the site over the past seven days.
💠 Firewood / wood pellet prices & demand drastically increase in Sweden 🇸🇪, Estonia 🇪🇪, Belgium 🇧🇪 & UK 🇬🇧. Hungary 🇭🇺places firewood export ban. Germany 🇩🇪 google searches for firewood skyrockets.
💠Centuries old forests 🌳such as in the Gurghiu mountains in Romania,🇷🇴 are being exploited for firewood as demand soars. The Dutch 🇳🇱 National Hotline for Internet Scams is warning consumers about new fake online stores, selling firewood.
🔹Germany's 🇩🇪 association of chimney sweeps is dealing with a flood of requests to connect new and old stoves.
🔹Demand for firewood soars in Austria🇦🇹. 40% increase in wood burning stove sales in the UK 🇬🇧.
Previous firewood developments reported on this channel:
💠 On the Swedish 🇸🇪 marketplace site Blocket, the word "firewood" 🪵 became the most searched term on the site over the past seven days.
💠 Firewood / wood pellet prices & demand drastically increase in Sweden 🇸🇪, Estonia 🇪🇪, Belgium 🇧🇪 & UK 🇬🇧. Hungary 🇭🇺places firewood export ban. Germany 🇩🇪 google searches for firewood skyrockets.
💠Centuries old forests 🌳such as in the Gurghiu mountains in Romania,🇷🇴 are being exploited for firewood as demand soars. The Dutch 🇳🇱 National Hotline for Internet Scams is warning consumers about new fake online stores, selling firewood.
🤡13😁4👍3🤔3😢1
Media is too big
VIEW IN TELEGRAM
🔹France 🇫🇷– TotalEnergies, proposed today, to bring forward annual wage talks, in response to union demands, to try to end a protracted strike that has disrupted supplies to almost a third of the country’s gas stations⛽️.
Background to fuel shortages reported on this channel:
💠 Strike action & unplanned maintenance have taken offline more than 60% of France’s refining capacity – or 740,000 barrels per day (bpd) 🛢.
💠 France 🇫🇷is pouring billions into energy price caps plans to offset this with the windfall tax on energy producers.
💠 200 protests 🔥 across France by trade unions in one day. President Macron has threatened to "instantly" dissolve parliament if French MPs block his pension reforms.
💠 Nuclear power group, EDF is rushing to get nuclear power stations 🏭 online. 26 of 56 offline.
Videos courtesy France24 English & CGTN.
Background to fuel shortages reported on this channel:
💠 Strike action & unplanned maintenance have taken offline more than 60% of France’s refining capacity – or 740,000 barrels per day (bpd) 🛢.
💠 France 🇫🇷is pouring billions into energy price caps plans to offset this with the windfall tax on energy producers.
💠 200 protests 🔥 across France by trade unions in one day. President Macron has threatened to "instantly" dissolve parliament if French MPs block his pension reforms.
💠 Nuclear power group, EDF is rushing to get nuclear power stations 🏭 online. 26 of 56 offline.
Videos courtesy France24 English & CGTN.
👍24🤡6🔥2😁2
🔹Hungary 🇭🇺 & Serbia 🇷🇸 have agreed to build a pipeline to supply Serbia with Russian Urals crude via the Druzhba oil pipeline as Belgrade's shipments via Croatia 🚢 (seaborne oil) fall under EU sanctions. Serbia gets its oil via the JANAF oil pipeline from Croatia.
🔹"The new oil pipeline would enable Serbia to be supplied with cheaper Urals crude oil. Hungary, has been the most vocal critic of sanctions against Russia in the EU, saying the measures drove up energy prices.
🔹The southern branch of the Druzhba, or Friendship pipeline, runs via Ukraine 🇺🇦 to Hungary 🇭🇺, Slovakia 🇸🇰 & the Czech Republic 🇨🇿, & has been the primary source of supply for the 3 countries' refineries for years. Serbia's sole oil company is NIS, in which Russian Gazprom Neft & Gazprom together hold a majority stake.
🔹Serbian PM warned that a ban on seaborne oil 🛢 supplies from Russia 🇷🇺 & pumping through Croatia 🇭🇷 would increase Serbia’s raw-material costs by 20%.
🔹"The new oil pipeline would enable Serbia to be supplied with cheaper Urals crude oil. Hungary, has been the most vocal critic of sanctions against Russia in the EU, saying the measures drove up energy prices.
🔹The southern branch of the Druzhba, or Friendship pipeline, runs via Ukraine 🇺🇦 to Hungary 🇭🇺, Slovakia 🇸🇰 & the Czech Republic 🇨🇿, & has been the primary source of supply for the 3 countries' refineries for years. Serbia's sole oil company is NIS, in which Russian Gazprom Neft & Gazprom together hold a majority stake.
🔹Serbian PM warned that a ban on seaborne oil 🛢 supplies from Russia 🇷🇺 & pumping through Croatia 🇭🇷 would increase Serbia’s raw-material costs by 20%.
💯20👍10🔥2👏2
🔹Canada 🇨🇦- Grain 🌾 shipments stalled from fields in northwestern Alberta due to a shut down of rail traffic in & out of the Grande Prairie area for an unknown amount of time.
🔹On Oct 5th, a bridge burned down 🔥 on the Canadian National Railway Co. line (CN), severing the only rail link in or out of Grande Prairie. This is causing backlogs for the grain shippers who depend on that track to get their product to the Port of Vancouver🚢.
🔹“For perspective, that bridge was almost 600 feet long and almost 40 feet high,”. The railway says the mainline outage is affecting its ability to spot grain cars 🚂 at elevators in Western Canada.
🔹This ultimately will affect the available supply of empty hoppers for next week’s grain 🌾 spotting program as the outstanding traffic 🚂 cannot all move at once, and CN needs to actively manage the lineup of loaded cars to avoid overwhelming terminals,”.
🔹On Oct 5th, a bridge burned down 🔥 on the Canadian National Railway Co. line (CN), severing the only rail link in or out of Grande Prairie. This is causing backlogs for the grain shippers who depend on that track to get their product to the Port of Vancouver🚢.
🔹“For perspective, that bridge was almost 600 feet long and almost 40 feet high,”. The railway says the mainline outage is affecting its ability to spot grain cars 🚂 at elevators in Western Canada.
🔹This ultimately will affect the available supply of empty hoppers for next week’s grain 🌾 spotting program as the outstanding traffic 🚂 cannot all move at once, and CN needs to actively manage the lineup of loaded cars to avoid overwhelming terminals,”.
👍20🤔13😱7🔥2🤯1
🔹Russia’s 🇷🇺 Gazprom is expected to finalize deals in the near future to develop six oilfields & two gas fields in Iran. Iran’s energy sector has been subject to US sanctions since 2018.
🔹Russian Deputy PM says talks are going on with Iran on working out mechanisms to implement oil 🛢 and gas swap deals. Iran 🇮🇷 could import some 6 million cubic meters (mcm) per day of natural gas from Russia through pipelines from Azerbaijan
🔹Iran's First VP has called for the Caspian littoral states to create an oil and gas cooperation committee during the Caspian economic forum (Russia, Turkmenistan, 🇹🇲 Kazakhstan, 🇰🇿 Azerbaijan 🇦🇿 & Iran) in Moscow. This includes establishing a joint bank & creating a free trade zone.
Last reported on this channel:
💠 The U.S. sanctioned firms in China, 🇨🇳 India, 🇮🇳 Hong Kong 🇭🇰 & the UAE 🇦🇪 over Iranian petroleum trade.
💠 Iran & Russia 🇷🇺 unifying banking systems for trade in ruble/rial currency pair.
💠 Iran🇮🇷 signs MOU's at SCO meeting in Samarkand.
🔹Russian Deputy PM says talks are going on with Iran on working out mechanisms to implement oil 🛢 and gas swap deals. Iran 🇮🇷 could import some 6 million cubic meters (mcm) per day of natural gas from Russia through pipelines from Azerbaijan
🔹Iran's First VP has called for the Caspian littoral states to create an oil and gas cooperation committee during the Caspian economic forum (Russia, Turkmenistan, 🇹🇲 Kazakhstan, 🇰🇿 Azerbaijan 🇦🇿 & Iran) in Moscow. This includes establishing a joint bank & creating a free trade zone.
Last reported on this channel:
💠 The U.S. sanctioned firms in China, 🇨🇳 India, 🇮🇳 Hong Kong 🇭🇰 & the UAE 🇦🇪 over Iranian petroleum trade.
💠 Iran & Russia 🇷🇺 unifying banking systems for trade in ruble/rial currency pair.
💠 Iran🇮🇷 signs MOU's at SCO meeting in Samarkand.
🔥22👍16👏4👎1👌1