Gazprom causes massive methane leak

RUSSIA / FSU POLITICS - In Brief 19 Jun 2021 by Alex Teddy
On June 19 Gazprom acknowledge its greatest environmental disaster in 2 years. Gazprom is the biggest gas company in Russia. The leak occurred on June 4 and Gazprom tried not to admit it. There have been several significant polluting events in Russia over the last few years. 2.7 million cubic meters of methane were emitted when emergency repair work was performed on a pipeline. The true figure might be higher than was admitted. The leak occurred in the Tatarstan Republic.Methane is a greenhouse gas which causes a major impact on the world's temperatures. Methane does up to 86 times more harm in the short term than CO2.Gazprom is probably not going to face a fine commensurate with the environmental damage. Gazprom is a semi-state company and its leadership is very close to the Kremlin. Companies in Russia as elsewhere are coming under sustained pressure to clean up their act. Investors will not like the news about Gazprom!Gazprom believes that natural gas will be a crucial transition fuel as the world moves to renewable energy.

Now read on...

Register to sample a report

Register
Sign-in
Forgot your password?
Copyright 2024 GlobalSource Partners. All rights reserved. This is prepared for GlobalSource Partners’ clients and may not be redistributed, reproduced, stored in a retrieval system, retransmitted or disclosed, in whole or in part, or in any form or manner, without the express written consent of GlobalSource Partners. This is distributed simultaneously to our website and other portals used by GlobalSource Partners. The information herein was obtained from various sources and is believed to be reliable but GlobalSource Partners does not warrant its completeness or accuracy. Neither GlobalSource Partners nor any Country Analyst, officer or employee accepts any liability whatsoever for any direct, indirect or consequential damages or losses rising from any use of this or its contents.