The Russian Black Sea port of Taman is ready to stop the export of explosive liquefied petroleum gas. In Russia, they fear that the port will be attacked by Ukrainian drones.
According to Reuters, railway operators in Russia and Kazakhstan have already announced plans to limit the transportation of goods in the direction of Taman, which accounts for about 7.5% of all Russian LPG exports.
Three sources with direct knowledge of the situation told Reuters that Taman will suspend operations with LPG, also called propane and butane, due to the explosive nature of the fuel. All sources spoke on condition of anonymity due to the sensitivity of the situation.
The sources did not specify when the port would stop transshipping LPG, saying existing stocks would be shipped first. The concern about drone attacks on Russian infrastructure is the latest example of how the conflict in Ukraine is affecting energy supplies and how dependent they are on security in the Black Sea, through which Russia supplies fuel to world markets.
LPG is mainly used as a fuel for cars, heating and other petrochemical products. Two sources said that LPG operations at the Taman transshipment complex with a capacity of 20 million tons of cargo per year will be mothballed indefinitely.
As GLOBAL HAPPENINGS wrote earlier, Russia made a mistake in its assessment of the situation on the gas market. The price turned out to be several times lower than predicted in the Russian Federation.
Source: Obozrevatel
I am a journalist who writes about economics and business. I have worked in the news industry for over 5 years, most recently as an author at Global Happenings. My work has focused on covering the economy news, and I have written extensively on topics such as unemployment rates, housing prices, and the financial crisis. I am also an avid reader and have been known to write about books that interest me.