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They are going to China and betting on Xi to keep the country in control. Good riddance, BASF.
by emsign 4y ago
They are going to China and betting on Xi to keep the country in control. Good riddance, BASF.
- PaulHoule 4y agoChina is not a low-cost producer of natural gas and doesn't import low-cost natural gas https://about.bnef.com/blog/rising-gas-prices-threaten-chinas-gas-power-ambitions/ https://about.bnef.com/blog/rising-gas-prices-threaten-china... North America, on the other hand, leads the world. Europe has fading production in the North Sea and had a crisis at the Groningen gas field that is further limiting production. https://www.reuters.com/business/energy/dutch-limit-groningen-gas-production-28-bcm-20222023-2022-09-26/ https://www.reuters.com/business/energy/dutch-limit-groninge... For better or worse, Europe is not pursuing fracking. In the long term the world is going to have to green up its chemical industry and BASF could use this as an opportunity to be early to get into the next thing.
- runnerup 4y agoGroningen field reduction (your last link) is equivalent to 0.5% of europe's natural gas consumption.