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Russia is burning gas because it doesn’t have room to store it | Fin24


Russia is burning extra fuel as a result of it has no capability to retailer it after reducing deliveries to the European Union, the bloc’s vitality commissioner mentioned Tuesday.

“Our satellites are registering the leak of pure fuel or them flaring the pure fuel and that is very polluting,” European Commissioner for Power Kadri Simson instructed reporters throughout a go to to Indonesia.

“They do not have different pipeline connections to different areas on the earth, and their very own underground fuel storage is full.”

Europe is going through an acute vitality scarcity this winter after the announcement on Friday of an entire shutdown of the Nord Stream 1 fuel pipeline by Russian big Gazprom.

The Kremlin has blamed the halt in deliveries on sanctions imposed by the West over Russia’s invasion of Ukraine.

Europe can be trying to wean itself off Russian oil, that means Moscow “is searching for new markets, and they’re promoting their oil merchandise with a major low cost to those who’re prepared to purchase it”, Simson mentioned.

The G7 group of superior nations on Friday introduced a cap on the value of oil imported from Russia with the intention to restrict Moscow’s revenues.

“We do not need to pay the unfair value to the aggressor. So our message to Indonesia but additionally to India and China is, should you’re nonetheless prepared to purchase Russian oil merchandise, suggest an oil value cap to them,” Simson added.

Simson, who was within the Indonesian capital Jakarta for a G20 vitality assembly and bilateral talks, will subsequent fly to India the place she is predicted to debate the value cap proposal.

She didn’t point out what place Indonesia had taken.

Indonesian oil firm Pertamina beforehand thought-about snapping up Russian oil at a knockdown value however has not confirmed whether or not it has signed a contract because the begin of the conflict in Ukraine in February.

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