Gazprom now owns Germany’s largest Gas Storage in Rehden…

Rehden, is the largest underground gas storage site in Western Europe. Planning ahead for the NEL pipeline, Gazprom acquired co-ownership of Rehden through WINGAS, a Wintershall-Gazprom parity joint company. In 2012, operational control of Rehden passed from the jointly-owned WINGAS to Gazprom’s own subsidiary, Astora. By late 2013, Astora had fully taken over Rehden. The site is located in northwestern Germany, and Gazprom plans use this location for targeting the Netherlands’ gas market in addition to the German market…

The storage facility in Rehden covers eight square kilometers, storing some gas at depths of 2,000 meters. It can hold 4.2 billion cubic meters of natural gas, or about 7 percent of Germany’s 60 billion cubic meters of annual consumption…

Gazprom and the Wintersall subsidiary of German chemical company BASF are putting the final touches to the asset swap, which will see Gazprom getting the facility in the small German town of Rehden, Deutsche Welle reported Wednesday…

This with China just taking the the lead of world economy from the U.S…

China has surpassed the US in terms of GDP based on purchasing power parity (PPP), becoming the largest in the world by this measure, International Monetary Fund estimates show.

In 2014 China reached $17.6 trillion or 16.48 percent of the world’s purchasing-power-adjusted GDP, while the US made slightly less, 16.28 percent or $17.4 trillion, the FT reported citing IMF data.

PPP is recognized as the best way to compare the size of economies rather than using volatile exchange rates, which rarely reflect the true cost of goods and services. Thus a trillion US dollars are worth a lot more in China than in the US.

You should now be able to see why America is acting the way it is. Kinda childish, but par for the course with the U.S…

Post by Kyle Keeton
Windows to Russia…


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