“Putin has screwed Russia hard.”
Very true. The RuZZian trolls are blind or ignorant to the results.
EU could have a hard winter. Could be some rationing. I don’t know. But my guess is with storage, plus piped gas from non-RuZZian players, plus LNG, EU will be fine or maybe light rationing.
Big picture though, winter will come and go and RuZZia will be replaced as an energy provider to EU.
RuZZia can find alternative buyers for oil. But nat gas is much harder. Building LNG export terminals or new pipelines eastward will be expensive and take years. RuZZia may not even have the ability to build LNG export terminals without expertise from the West.
“RuZZia may not even have the ability to build LNG export terminals without expertise from the West.”
They were going to double their Artic LNG terminal at Yamal by 2030, but the partners walked away over this war. The Power of Siberia 2 pipeline to China was planned for 2030 as well, and it is also now up in the air.
“my guess is with storage, plus piped gas from non-RuZZian players, plus LNG, EU will be fine or maybe light rationing.”
The markets reacted to the cutoff of Nordstream, as if that is their professional opinion as well.
Putin pushed that energy weapon to its maximum setting on Germany, and spot market prices dropped that day.
A strong sign that Europe is over the hump in transitioning off of Russian natural gas supply.