Some large pipelines in the pipeline (excuse the atrocious pun)
A couple of excerpts taken from an article read this morning (see below).
If there are more of these projects + construction increases (tunnelling, skyscrapers etc ) surely Niobium usage would be on the increase no? You’d certainly hope so… what are people thoughts on CXX’s plans… get into production themselves (what would be the likely timeframe), sell up or takeover?
Anyhow more projects like the US$45 billion megaproject in the EU would be nice to get this baby kicking off sooner (if the pipes are containing niobium that is, which is likely given the lengths countries are going to, to ensure stability in energy supplies).
“Why Russia’s stranglehold on Europe is getting weaker
The Southern Gas Corridor is a pipeline that will stretch 870 kilometres when complete. It will run from the Turkish border — across northern Greece, Albania, and even the Adriatic Sea — to terminals in Italy. It will connect to an existing pipeline that runs across Turkey.
The entire point of this project is to diversify Europe’s energy supplies away from Russia. The gas will come from the Caspian Sea, from fields under the control of Azerbaijan.
Currently, Europe gets a third of its gas supply from Russia, via pipelines. That’s a third for Europe as a whole. For some of the eastern and central European countries, Russian gas makes up well over half their total supply”.
+
And then there is Iran coming in from the cold. Already the oil market is feeling the effects of Iran’s reintroduction on the scene as it ramps up production. But Iran has plenty of gas too.
It was only last month that we learned Iran and Pakistan were in talks about completing a gas pipeline between the neighbouring nations — a pipeline that was originally started in the 1990s.
Pakistan suffers from a chronic shortage of gas. We’re talking at a level where people can’t heat the bath or turn on the stove. Pakistan’s domestic production isn’t enough to meet demand, so it’s looking to import much of its gas supply.