As the European Union tries to reduce its dependence on Russian energy, the Russian president recently said Russia would try to shift its energy exports to the east, adding that there was no way for European countries to give up Russian gas immediately.
Russia supplies about 40 percent of the EU's gas, and western sanctions imposed over the conflict with Ukraine have complicated financing and logistical arrangements for existing agreements, hitting Russian energy exports, the report noted.
Russia has been building closer ties with China and other Asian countries as the European Union debates whether to impose sanctions on Russian gas and oil and member states seek supplies from elsewhere, Reuters said.
"So-called partners from unfriendly countries admit that they cannot survive without Russian energy, including gas," the Russian president said in a televised government meeting. There is no reasonable alternative to Russian gas in Europe right now."
He also said Europe was driving up energy prices and destabilizing markets by talking about cutting off Russia's energy supplies. Russia, which produces about a tenth of the world's oil and a fifth of its natural gas, will need new infrastructure to increase energy supplies to Asia, he said.
He ordered Moscow to submit a plan by June 1, including "the expansion of transport infrastructure to countries in Africa, Latin America, and the Asia-Pacific region".
He also sought to clarify the possibility of integrating two pipelines -- the Sakhalin-Khabarovsk-Vladivostok gas pipeline in the Far East and the "Power of Siberia" gas pipeline to China -- into Russia's unified gas supply system. In theory, connecting these routes to larger gas networks could allow Russia to divert gas from Europe to Asia.
Because of the ever-changing international situation, the supply and prices of international bulk Inconel 625 are still very uncertain.
What is Inconel 625?
Inconel 625 alloy is a non-magnetic, corrosion and oxidation resistant
nickel-chromium alloy. The high strength of Inconel 625 is due to the hardened
combination of molybdenum and niobium on the nickel-chromium matrix of the
Inconel 625 is extremely resistant to a variety of unusually severe corrosive
environments, including high temperature effects such as oxidation and
carburization, including corrosion. Its outstanding strength and toughness at
high temperatures ranging from low temperatures to up to 2000°F (1093°C) are
primarily due to the solid solution of the refractory metals Co and Mo in a
Nichrome 625 has excellent resistance to pitting and crevice corrosion, high
corrosion fatigue strength, high tensile strength, and resistance to stress
corrosion cracking against chloride ions - making it an excellent choice for
seawater applications. Inconel is used in aerospace applications as well as
marine applications. Common applications for this alloy are springs, seals,
bellows for submersible controls, cable connectors, fasteners, flexures, and
oceanographic instrument components.
Physical Properties of Inconel 625
Density: 0.305 lbs/in3, 8.44 g/cm3 Average Coefficient of Thermal Expansion:
68 -400°F (20 -204°C): 7.3 x 10 6 (13.1) 68 -600°F (20 -315°C): 7.5 x 10 6
68-800°F (20- 427°C): 7.7 x 10 6 (13.9)
Permeability H = 200Osted Annealed: 1.0006 Modulus of Elasticity: ksi (MPa)
in Tensile 30.2 X 103 (208 X 103) Melting Range: 2350 -2460°F (1290 -1350°C)
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With the outbreak of the Russia-Ukraine conflict, the market is increasingly worried about the potential disruption of Russia's energy supply. Geopolitical premiums have pushed up the price of crude oil and natural gas, and the energy price is expected to remain high in the short term. Affected by this, the market price of the Inconel 625 may continue to rise.