Posted on 06/30/2022 2:28:31 PM PDT by BeauBo
For the first time ever, the European Union has imported in June more liquefied natural gas (LNG) from the United States than gas via pipeline from Russia, as Moscow slashed supply to Europe earlier this month, Fatih Birol, Executive Director of the International Energy Agency (IEA), said on Thursday.
“The drop in Russian supply calls for efforts to reduce EU demand to prepare for a tough winter,” the head of the Paris-based agency added.
In April 2022 alone, five European countries—France, Spain, the UK, the Netherlands, and Poland—accounted for 54.1% of total U.S. LNG exports, data from the U.S. Energy Department showed earlier this month.
Despite the record intake of American, and other, LNG, Europe still faces supply troubles this winter if it doesn’t take measures to conserve energy, analysts and the IEA say.
Europe faces a “red alert” for gas supply next winter, Birol said earlier in June.
“Recent disruptions to natural gas supplies, notably Russia steeply cutting flows to EU countries, is set to remove around 35 billion cubic metres of gas from the market this year, posing big challenges to efforts to refill storage. This is a red alert for the EU for next winter, Birol tweeted in mid-June.
(Excerpt) Read more at oilprice.com ...
Putin is selling it to them at a 35% discount. And China will squeeze more concessions from its vassal state.
“Putin is selling it to them at a 35% discount.”
Link please.
India is seeking to acquire Russian oil cargoes at below $70 a barrel as the country continue to snap up crude from the heavily-sanctioned country amid sanctions from western nations, according to Bloomberg.
Brent crude is trading at roughly $108 a barrel, and India is aiming to secure the low price point as a way to compensate for the risks associated with doing business with Putin's warring nation, sources told Bloomberg Wednesday.
Thanks, but note the word SEEKING.
Prime Minister is pushing hard to re-start offline nuclear reactors . Most of the “ people to be governed “ don’t give a hoot .
I’m sure they’ll take your money. Go ahead and pay what you said you’d pay.
L
The sanctions are a joke.
Gas isn’t the only import, is it.
And here I thought you were getting red-pilled over the 800 million a month we’re going to ship to The Big Guy via The Ukraine...
You’re the one who said he wants to pay extra.
You weren’t lying were you?
L
You might want to switch to bottled water.
The Illinois water is bringing on early onset dementia, in your case.
Do you know what fish do in water?
L
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