As Ukraine Fights For Its Life, Philadelphia Remains Dormant

  • Date: 04-May-2022
  • Source: Forbes
  • Sector:Economy
  • Country:Gulf
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As Ukraine Fights For Its Life, Philadelphia Remains Dormant

Port of Philadelphia Just north of Philadelphia International Airport and south of the Philadelphia sports Stadium complex lies the Port of Philadelphia, one of the largest freshwater ports in the world. So strategically located is the Port of Philadelphia, it also lies just a few miles north from the oil and gas refineries of Marcus Hook, Pennsylvania, and three hours south of some of the most abundant natural gas wells in the world, located in Northeastern Pennsylvania. Logically, the Port of Philadelphia should be central to the relief of Ukraine by being able to export large amounts of natural gas that could fill the gap for our NATO allies of the natural gas supplies that Russia is now cutting off to Poland and Bulgaria, along with ending Nord Stream 2 that would have increased supply to Germany and the Czech Republic. That is not happening, of course, as most of the natural gas bounty just 120 miles from Philadelphia can't even reach the City due to lack of pipeline capacity. Indeed Philadelphia itself has failed to develop a natural gas export terminal. Thus, while Ukraine fights for its life and Vladimir Putin threatens nuclear war, Philadelphia remains dormant, hardly participating