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Russia's biggest energy company says it'll take it at least 10 years to recover gas sales lost because of the Ukraine war (finance.yahoo.com)

submitted 3 months ago by [email protected] to c/[email protected]

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Russia's gas giant Gazprom won't recover gas sales lost to the Ukraine war for at least a decade.
A study seen by the Financial Times says pre-war export volumes will return by 2035.
Gazprom will likely lose its leading role in Russia's energy sector over time.

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[–] [email protected] 22 points 3 months ago (2 children)

I Hope not, for the environment. Just three weeks before the invasion Europe declared that gas can be considered green energy because the Russian one was cheap and abundant. Putin the environmental conscious dictator immediately stepped in and reminded the EU that Russian gas is not cheap nor abundant.

Thanks to his big push now the EU is increased the share of renewable energy. Once built, we don't need gas anymore. And hopefully developing countries will leapfrog

I don't understand his goal, honestly. If he "wins" he gets a barren land acquired for huge human and monetary cost. Has to pay to rebuild everything and still sanctioned forever by the west, with limited trades. If he "loses" (example chokes, dies tonight and replaced by a decent human being) then they have to pay a lot in reparation costs and Russia would need decades to regain the trust status they had pre-war. It's a lose-lose situation

[–] [email protected] 11 points 3 months ago

At this point Putin's goal is pure personal survival. He needs to not lose the war because that would make him look weak, which is very dangerous for a dictator. To keep himself alive and in power he is willing to throw any amount of Russian soldiers into the meat grinder.

[–] [email protected] 9 points 3 months ago (2 children)

My understanding is Ukraine is a large grain producer and exporter. So I wouldn't say the land is very barren. There's definite upsides, but you and I would probably agree its going to be a huge cost for Russia.

[–] [email protected] 7 points 3 months ago

yes but with the immense amount on money that they literally blew in ukraine + all the money they're losing with sanctions they could have done some geoengineering megaproject to transform a similarly sized amount of land already in their possession into grain farms

[–] [email protected] 3 points 3 months ago* (last edited 3 months ago)

Ukraine is a large grain producer and exporter. So I wouldn't say the land is very barren.

That's it. He wants the farmland, doesn't care who used to live there nor who has to farm the minefields after. They're just the subjugated 'others' like before.