Posted on 03/27/2014 7:53:56 AM PDT by SeekAndFind
About the only good coming out of ridiculous tit-for-tat sanctions on Russia is the possibility of revised US energy policy, and Lithuania is pleading for it.
The BBC reports Lithuania Pleads for US Gas Exports to Counter Russia
Lithuania's energy minister has called on the US Senate to speed up the export of natural gas to Europe.
Jaroslav Neverovic said that Lithuania was being forced to pay a "political price" for being entirely dependent on Russian gas supplies.
In his statement to a US Senate committee, Mr Neverovic urged members to do everything within their power to release natural gas resources "into the world market".
"A law enacted in your country some 75 years ago denies us access to your abundant and affordably priced energy resources," he said.
The energy minister said customers in Lithuania were having to pay 30% more for natural gas than other European nations, because they were "beholden to a monopolistic supplier."
"This is not just unfair," said Mr Neverovic. "This is abuse of monopolist position."
OK But Wait Until 2020
That quite the nerve complaining about the US monopoly when it is Russia that has the monopoly in Europe.
Moreover, it will take years for the US to get ready.
Edward Chow, a senior fellow at Centre for Strategic and International Studies, said Russian exports of natural gas were equivalent to "twice the combined capacity" of the seven US government approved liquefied natural gas (LNG) export projects, which would only be completed by the end of this decade.
OK Lithuania, you can have US natural gas. You just have to wait until 2020 to get it.
Be Careful About Agreeing to US Sanction Games
Inquiring minds may wish to read Russia Sanctions Lithuania for Supporting Ukraine.<
On Thursday morning the Lithuanian parliament condemned the military aggression of the Russian Federation in Ukraine and its occupation of the territory of a sovereign country. The parliament said that it strongly supports the sovereignty, independence, and territorial integrity of Ukraine and expressed political solidarity with the new Ukrainian authorities; they also supported sanctions against Russia, while favoring visa liberalization and the early signing of the European Union Association Agreement with Ukraine slated for next week. In response, Russia has temporarily suspended the import of food products into the Customs Union.
Putin Playing Cards Well
Given that Lithuanias exports to Russia amount for a fifth of its total exports, perhaps Lithuania should have thought about supporting sanctions on Russia.
Speaking of "political price", it seems Lithuania brought this upon itself, and that Putin is playing his cards well.
Mike "Mish" Shedlock
http://globaleconomicanalysis.blogspot.com
There are several companies that would pay you millions for the information of how to engineer, manufacture and construct a cryogenic methane liquefaction plant that can proccess billions of cubic feet per day in less than a year.
RE: US Natural Gas/Energy for US consumers, sorry Europe go find your own supplies.
Are we to extend this logic to -— US produced goods for US consumers only?
Those have vaporization and storage facilities. The liquefaction process units are not built, yet.
“Couldn’t Norway export gas to Eastern Europe?
How much gas do they produce? Where does it go?”
Norway sells most of it’s gas to the UK, France, Germany and Sweden.
At one point this winter, the UK was down to just a 6 day supply of natural gas.
But the possibilities are being stifled.
http://www.cheniere.com/lng_industry/sabine_pass_liquefaction.shtml
B0 Soebarkah will offer to send Europe an American windmill (made in China).
That's a two-fer to drive the Eurolefties nuts: Hydrocarbons and the Zionist-entity.
Until we can design a Nuclear Plant that will not “melt down” with a sudden and total lose of power (including cooling power) then nuclear is just a horrible accident waiting to happen. We will need something like a thorium reactor to make nuclear power safe.
Imagine a solar storm or some other disaster taking out the US grid, now imagine 100 Fukushima’s happening all across the USA. No thank you.
There is only so much natural gas, once it’s gone it’s gone.
Yes, it’s happened so often...
NOT.
Just because something has not happened does not mean it can’t happen. Fukushima and Chernobyl happened. One or two bad events we can deal with, 100’s in a short period of time, grid goes out, we can not deal with. Just about everyone would die. I like nuclear, once we make it fail safe that is.
Both the Freeport and the Sabine Pass export facilities have been approved.
https://www.ferc.gov/industries/gas/indus-act/lng/lng-approved.pdf
Asia will outbid Europe for LNG from the US.
Asian spot LNG prices are running around US$18 per million British thermal units (mmBtu), while European LNG cargoes go for around US$10 per mmBtu.
RE: There is only so much natural gas, once its gone its gone.
You might want to open your mind up and consider other theories:
Are we sitting on unlimited fossil-fuel resources?
http://hotair.com/archives/2011/06/03/are-we-sitting-on-unlimited-fossil-fuel-resources/
If gas hydrates as well as shale gas, tight oil, oil sands and other unconventional sources can be tapped at reasonable cost...
That has proved to be a rather big IF.
That's the fear of Newt Gingrich and other members of a high-profile coalition who are convinced that our fragile electrical grid could be wiped out at any moment.
Their concern? Electromagnetic pulses, the short bursts of energycaused by anything from a nuclear blast to a solar flarethat can wreak havoc on electrical systems on a massive scale. And the coalition believes it's coming soon.
http://www.nationaljournal.com/tech/newt-gingrich-s-plan-to-stave-off-the-apocalypse-20140328
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