Russia Is Losing Control Over The European Gas Market

Reuters ^ | 14 Jan 15 | Elena Holodny

[elhombrelibre]

Oil isn't Russia's only problem.

The energy exporter is losing its dominance over the European gas market.

In the past there were two factors that kept Russia as the major gas powerhouse: European policies and cold winters.

But both of those things have changed — and Russia is starting to explore non-Western countries.

[Pecos]

Yahoo News has apparently bought into “global warming” at a time when the climactic precursor (sun spot trends) indicates just the opposite.

[thackney]

Some Data:

http://www.chicagotribune.com/news/sns-wp-blm-news-bc-russia-gas13-20150113-story.html

Russia, the world’s biggest natural-gas exporter, probably cut 2014 fuel exports to the lowest in a decade as consumption in Europe and Ukraine declined.

OAO Gazprom, the state-run gas-pipeline export monopoly, supplied no more than 195 billion cubic meters of fuel from Russia to the European Union, Turkey and the Commonwealth of Independent States, according to UBS AG estimates. That’s about 10 percent less than in 2013.

Total exports were about 192 billion cubic meters last year, including 147 billion outside the former USSR, a 9 percent decline, Bloomberg calculations based on daily data from European pipeline operators show. In comparison, fuel exports from Norway, Russia’s main competitor, decreased only 1.5 percent to 101 billion cubic meters, the national pipeline operator Gassco AS said Tuesday on its website.

“The EU and Ukraine’s policy to reduce dependence on Russian gas is giving fruit,” said Maxim Moshkov, a Moscow- based oil and gas analyst at UBS. “Gazprom won’t seriously ramp up its supplies in the medium term - at least until it starts the export to China in 2019 to 2020.”

[elhombrelibre]

I don’t think the putinista poster platoon will be happy about this.

[free_life]

The Putinista’s are batting 0.00 on their predictions.

[elhombrelibre]

That’s true.