- Write by:
-
Monday, July 25, 2022 - 12:34:21
-
852 Visit
-
Print
Mining News Pro - Voestalpine has built up sufficient gas reserves to safeguard three months of production should there be an emergency hit to supplies, the Austrian steelmaker’s chief executive said in an article published on Saturday.
“We reached our goal this week and saved the entire amount,” Herbert Eibensteiner told Der Standard in an interview. “That’s 1.5 terawatt hours. In the event of a crisis, that should be enough for three months of full operation.”
Russia resumed pumping gas via its biggest pipeline to Europe on Thursday after a 10-day outage, allaying some of Europe’s immediate supply fears but not enough to end the threat of rationing to cope with potential winter shortages.
“We buy gas on an ongoing basis and, for business reasons, have decided to procure the requirement for three months,” Eibensteiner told the newspaper..
“In an emergency, this quantity gives us the time we need to process orders and shut down the directly affected production areas in a controlled manner.”
Short Link:
https://www.miningnews.ir/En/News/621816
A Russian arbitration court ruled on Monday that four units of Swiss commodities trader Glencore will pay more than 11.4 ...
The US Energy Department on Monday announced $6 billion in federal funding to subsidize 33 industrial projects in 20 ...
Private credit managers are doing significantly more fossil-fuel deals now than just a few years ago, as they step into ...
A Senegalese opposition coalition backed by popular firebrand Ousmane Sonko launched its presidential campaign platform ...
An ongoing consolidation in the US shale industry has driven up global M&A deal value in the oil and gas exploration ...
Mining News Pro - Even though it has been estimated that anthropogenic activities have increased the global mercury ...
Mining News Pro - Jeff Currie, who spearheaded commodities research at Goldman Sachs Group Inc. for almost three ...
Mining News Pro - An international team of researchers has developed a two-dimensional supercrystal that generates ...
Mining News Pro - Russian mining giant Norilsk Nickel and oil company LUKOIL are in the process of creating a large oil ...
No comments have been posted yet ...