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Mar 4 • 5 tweets • 2 min read
Europe’s largest nuclear power plant suffered a fire as Russian troops began shelling early Friday, raising concerns over the facility's safety 🇺🇦☢️

The Zaporizhzhia plant in Ukraine has six Soviet-designed 950-MW reactors built between 1984 and 1995
If shelling had occurred, the reactors should switch off automatically, @energybants

(Good point to remember ☝️)

bloomberg.com/news/articles/…
UPDATE: Ukraine regulator tells IAEA there has been no change reported in radiation levels at the Zaporizhzhia Nuclear Power Plant site

Nice comments from nuclear specialists indicating the reactor can't explode like Chernobyl

UPDATE: Looks like no major problems at Ukraine's nuclear plant

Ukraine told the IAEA the fire has not affected ‘essential’ equipment

The reactors are “protected by robust containment structures” and are being safely shut down, said US Energy Secretary

bloomberg.com/news/articles/…

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More from @SStapczynski

Stephen Stapczynski Profile picture
Mar 4
North Asia’s liquefied natural gas spot price surged to a record 🚨

🚢 Russian supply concerns intensified competition between Asia and Europe for available supply of the super-chilled fuel
📈 JKM LNG rose to nearly $60/mmbtu, doubling in the last week

bloomberg.com/news/articles/… Image
“Panic spread through the international gas markets over supply availability due to the Russia-Ukraine conflict,” according to S&P Global Commodity Insights

bloomberg.com/news/articles/…
Asian LNG prices were pulled higher by a historic rally in European rates

Dutch TTF futures nearly touched 200 euros/MWh, also a record high. They're trading around 190 euros today, roughly equal to $60/mmnyu

bloomberg.com/news/articles/… Image
Read 4 tweets
Stephen Stapczynski Profile picture
Mar 4
Why today’s attack on the Ukraine nuclear power plant is nothing like Chernobyl 🧵

News of Russia shelling Europe's largest atomic plant sent shudders around the world. But there are a myriad of reasons why it's unlikely to result in an atomic disaster

bloomberg.com/news/articles/…
While Ukrainain Foreign Minister Dmytro Kuleba warned of a disaster “10 times larger” than Chernobyl when a fire broke out at the Zaporizhzhia plant, analysts and specialists I spoke to throughout the morning said that was unlikely
📌 First off, what happened?

A fire had broken out at the Zaporizhzhia plant in southeastern Ukraine after Russian shelling overnight (the fire has since been contained)

The facility -- near the city of Enerhodar, about 500 km from Chernobyl -- has a total capacity of 5.7 GW Image
Read 17 tweets
Stephen Stapczynski Profile picture
Mar 3
The Bloomberg Commodity Spot Index (which tracks futures for energy, metals & agriculture) is on course for its biggest weekly gain since 1960 📈🚨

🛢️ Brent oil tops $115 #OOTT
🇪🇺 Europe gas at record
🥫 Aluminum at record
🌾 Wheat at highest since 2008

bloomberg.com/news/articles/…
The BCOM Spot index, which only updates at the end of each global session, was 8.6% higher this week through the end of Wednesday

It’s probably already eclipsed the 9.7% jump in 1974 -- at the tail-end of that era’s oil crisis -- and could set a fresh record on Friday
Russia’s growing isolation is choking a major global source of raw materials, sparking fears of prolonged shortages and sharper global inflation 🇷🇺

Traders are re-assessing their ties with the nation even though sweeping international sanctions have so far avoided commodities
Read 5 tweets
Stephen Stapczynski Profile picture
Mar 2
Brent oil surged above $110 a barrel for the first time since 2014 🛢️📈

⚠️IEA warned that global energy security is under threat following Russia’s invasion of Ukraine
⚠️Global oil market was already tightening significantly prior to the invasion

bloomberg.com/news/articles/… Image
The U.S. and other major economies have agreed on a coordinated release of oil stockpiles on surging crude prices

But the effort on a coordinated release of 60 million barrels is doing little to calm markets

bloomberg.com/news/articles/…
Brent oil is above $112 👀🛢️ Image
Read 4 tweets
Stephen Stapczynski Profile picture
Feb 28
Shell announced that it will exit from equity partnerships with Russia’s Gazprom 🇷🇺 🚨

That includes its 27.5% stake in the Sakhalin-II liquefied natural gas export facility 🚢

Shell is the latest western company to exit Russian investments amid the Ukraine conflict 👋 Image
Shell will exit from the following projects:

>> Sakhalin-2 LNG export plant
Shell has a 27.5 percent interest in
>> Salym petroleum development
>> Nord Stream 2 pipeline
>> Gydan energy development
The ball is now in the court of Japanese partners at Sakhalin II — will Mitsubishi and Mitsui be put under pressure to exit as well? 🇯🇵

Sakhalin is a key plant for Japan, providing nearly 8% of deliveries
Read 5 tweets
Stephen Stapczynski Profile picture
Feb 28
Some LNG buyers have paused further spot purchases from Russia due to the quickly evolving sanctions
🚢🇷🇺

⚠️ Traders cautious about buying more LNG or using Russian vessels, even though sanctions don't target energy
⚠️ This may tighten spot LNG supply

bloomberg.com/news/articles/…
🏦 Some smaller importer are struggling to get letters of credit from banks to purchase Russian LNG, effectively halting their procurement

👍 To be sure, LNG importers are continuing to take delivery of Russian cargoes under long-term contracts or that were previously purchased
Btw, Russia is the fourth-largest LNG exporter
Read 4 tweets

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