Seen the last of Russian gas?
Or are the Russian LNG imports just being laundered through other countries?
Oh, isn’t this lovely news...
They’re flaring a lot of it.
Yes, it’s being laundered back to Europe at 10X the cost.
But the simple fact is that Europe does not have the LNG terminal and storage capacity to meet its needs, even if every LNG tanker on all the oceans was sent to Europe.
Plus, Europe scooping up all available LNG tankers is wrecking the economies of poorer countries, who now cannot afford LNG at all, priced out of the market by Europe.