In 2019, the plant produced 100 billion cubic meters of gas, the equivalent of half of Gazprom’s annual gas exports to Europe.

Monday, August 9, 2021

Over the weekend, energy analysts struggled to gauge the impact of the fire. Prices in Amsterdam rose sharply, hitting $540 per thousand cubic meters. Over the last two weeks, EU gas prices have risen by 20%, hitting the highest levels in over 20 years.

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The plant that blew up was built in the 1980s and was scheduled for replacement.

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Due to “catastrophic” damage,

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