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Russia burns $10M worth of gas daily

Russia burns $10M worth of gas daily

ArabFinance: Russia is burning around 4.34 million cubic meters of gas every day, which is worth around $10 million, according to BBC.

The burnt daily amount is part of the supply that was supposed to be exported to Germany.

Russia failed to sell the gas it is reportedly disposing of, German Ambassador to the United Kingdom Miguel Berger said.

The burnt gas is produced by a liquefied natural gas (LNG) plant at the city of Portovaya.

In July, Deputy Director General of the European Commission’s energy department Matthew Baldwin announced that the European Union (EU) is looking to replace the natural gas from Russia with supplies from Nigeria.








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