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To: BeauBo
The big picture in all of this tough transition of Europe's natural gas supply, is that Russia is a huge loser,

With super high natural gas prices and Russia being the biggest exporter of natural gas, with winter fast approaching? And the huge China/India natural gas/oil markets eager for Russoan oil/natural gas?
Read this:

https://www.statista.com/statistics/217856/leading-gas-exporters-worldwide/

16 posted on 08/22/2022 11:21:30 AM PDT by SmokingJoe
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To: SmokingJoe

2021 was before Putin drove Russia over the cliff.

The USA has already passed Russia as the biggest exporter of natural gas.

It is no accident. Europe has explicitly decided to phase out all Russian energy imports, as fast as they can. A plan to do that was developed. It was approved and funded by the member states, and is somewhat ahead of its aggressive schedule.

The EU (including Turkey) bought 85% of Russian gas exports last year. The great bulk of that by pipeline, that can’t physically be transferred to alternate markets. Oil they can physically load onto tankers to sell or smuggle to highest bidder, but the gas sales are just lost.


35 posted on 08/22/2022 11:55:54 AM PDT by BeauBo ( )
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