Italian Company Expected to Spend $70,000 for Methane Gas This Month as Costs Quintuple

  • Date: 11-Oct-2021
  • Source: Newsweek
  • Sector:Economy
  • Country:Middle East
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Italian Company Expected to Spend $70,000 for Methane Gas This Month as Costs Quintuple

Surging methane prices in Italy are putting glassblowing businesses in the line of fire for financial losses, the Associated Press reported.

The price for the methane that powers the glassblowing ovens has skyrocketed five-fold on the global market. The glassblowers of Murano, who have dozens of furnaces on the lagoon island, must use methane to burn around the clock or the costly crucible inside the ovens will break.

In the past, Murano transitioned to creating well-crafted artisan pieces to compete with low-priced products from Asia.