Posted on 05/22/2022 10:39:41 AM PDT by marshmallow
Some of the EU countries are pushing forward the idea of doing away with Russian hydrocarbon supplies in the wake of the special ,military operation in Ukraine. The bloc has been failing to negotiate a ban on purchasing Russian oil for weeks, and severing much stronger ties in the gas sector will be even more difficult.
The European Union is facing trouble finding replacements for Russian hydrocarbons, especially gas, amid EU threats to refuse Russian energy resources, French newspaper Le Monde diplomatique has stated in its article. The article explains that in their effort to stop purchases of Russian hydrocarbons, the European countries faced an obstacle in the form of the established order of things in the oil and gas sector, which can't be changed quickly.
"The remote geographic location of other manufacturers, such as Nigeria or Angola, combined with the varying degrees of obsolescence of their capacities, does not allow them to become a reliable replacement for Russia", Le Monde diplomatique said.
Algeria struggles to reach its goals on output in accordance with OPEC+ limitations, Le Monde diplomatique noted. Libya is still divided between warring factions following an uprising backed by the Western countries, with oil and gas production being constantly interrupted and no political solution to the conflict being in sight, the newspaper added.
Algeria and Egypt, in turn, have reserve capacities to ship to the EU in the near future, but are unlikely to use them simply because they don't want to frustrate their relations with Russia, Le Monde diplomatique claims. Algeria needs weapons sales from Russia in the context of strained relations with Morocco, while Cairo is worried about food security issues and specifically supplies of wheat from Russia, which is one of the biggest players on the market, the newspaper stressed.
(Excerpt) Read more at sputniknews.com ...
eu are fools
Merkel the Russian Spy did a very good job
With their “green” goal to get rid of fossil fuel they’d fail to find idiots willing to invest required $1,5 trillion long-term as well.
Even homeless drug addicts know enough to find new pushers before dissing the old one.
Usually, when you sell your soul to the devil, you can’t get out of such a binding agreement. The EU is fortunate.
In fact not. Russian gas is what made the German economy so strong under Schroeder and Merkel. Their PPP GDP per capita is $60k, the UK’s is about $40k. Before Russian gas the UK was by 1/3 better-off than Germany.
Let them eat solar panels.
I happened to see an article in a Qatar newspaper recently. It was outlining the negotiations with Germany to replace Russian gas.
Qatar had requirements. Germany was pretending it could negotiate.
Qatar requirements were 1) any LNG delivery must be strictly limited to Germany. There could be no distribution elsewhere, which could affect price they charge to other European customers they already serve. 2) They must have a 30 year long term contract, and penalties for early termination would be severe and certified a priori in European courts, with strict definitions of Force Majeure — limiting any such claim to nuclear attack that killed citizens and thus precluded consumption.
Germany said they could not offer 30 years because their climate easing perspective required them to cease fossil fuel consumption within 5-10 years.
Qatar said we do not care about your perspective. 30 years. Your choice.
Consensus is Germany will agree to everything, or return to Russia gas.
Sell oil to the EU, or
Purchase wheat and food from Russia/Belarus/Ukraine/Kazastan
Choices, choices
The little nasty secret nobody tells is that the infrastructure required to replace Russian pipelines for the LNG use costs in excess of $1,5 trillion. Nobody is going to jump in with the prospect to lose it in 5-10 years to green policies.
Meanwhile, Russia is using sanctions as a pretext to cancel the lucrative $300 per tcm contracts and force new contracts on the Germans, where the price is based on the current spot price of $1000-1500.
Gee, maybe they should have listened to Trump’s warnings.
EU needs alot more solar panels and pray for sunny weather.🙄
If Germany could go back in a time-machine to end 2018, and instead leave open 4 nuclear reactors that were closed in 2019, the would already need about 2/3 less Russian gas.
Eurolemmings!
Remember, less than 4 years ago, when Trump warned the Eurolemmings about this? And they laughed at him?
https://www.youtube.com/watch?v=FfJv9QYrlwg
The Eurolemmings, the woke Deep State and their puppets in Ukraine all need to FOAD.
Things are not working out so well for the Bidenistas.
Nuclear power plants take time to build and time to get up to speed..but since the EU and US can’t go back in time it’s better to start building now than pretend the situation gonna get better on it’s own.
From the standpoint of geopolitical power games between nation-states, the EU is cutting off its nose to spite its face.
These ill-advised sanctions have only accelerated the shift to a multipolar world.
>>In fact not. Russian gas is what made the German economy so strong under Schroeder and Merkel.<<
No, it is that the US took care and paid for Germany’s defense. Life in Germany is stress-free when compared to life in the US. Long vacations, better infrastructure...etc. All paid for with our tax $$$
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