Posted on 08/04/2022 7:27:42 PM PDT by Cronos
Lithuanian President Gitanas Nauseda assures that the country will not be short of natural gas in winter thanks to the supplies ensured by the liquefied natural gas (LNG) terminal in Klaipeda.
On Saturday, asked by the Laluna radio station whether Lithuania would ensure adequate supplies of gas for the cold season, he answered: “We certainly will, the [FSRU] Independence is definitely a crucial element of our energy independence.”
“We made completely correct and, most importantly, timely decisions ensuring independence from Russia’s energy resources,” he added.
In late June, Lithuania passed a law banning Russian natural gas imports into the country, except for gas transit via its territory to the Kaliningrad exclave. Lithuania has been importing no Russian gas since April.
Russian energy giant Gazprom drastically cut gas deliveries to Europe via the Nord Stream pipeline on Wednesday to about 20 percent of its capacity. It had reduced gas flows to Europe twice in June.
Germany will feel pain, but that's thanks yo Gerhard Schroeder
Poland’s gas reserves are fully stocked and gas supplies are taking place according to plan, Anna Moskwa, the country’s Climate and Environment Minister, assured on Thursday.
As she told the Polsat News commercial broadcaster, the reserves will help Poles avoid heating problems during the winter season, adding that the country received gas from several non-Russian sources after Moscow cut it off from supplies.
On top of that, the Baltic Pipe gas pipeline to link Norwegian gas resources with Denmark and Poland should officially open on September 29. It will be capable of carrying 10 billion cubic metres (bcm) of gas a year to Poland and 3 bcm from Poland to Denmark.
They sure are a lot smarter than those dumb Germans
Germany seemed to believe that they could win over Russia by partnering with them. But the imperial, Tsarist mindset prevailed
Germans biggest problem is the “green”.
Much of the world has a similar problem.
Politics trumping reality.
Just because you want something doesn’t mean you
can achieve it right away.
Most of us learn this when we were kids.
Communists, Socialists, and Democrats don’t grow up very fast.
IIRC, Trump warned the Germans that their dependence on Russia was a bad idea.
Lithuania consumes 2.2 billion cubic meters of gas per year.
The Klapadia LNG terminal has sufficient capacity to meet this, and also the consumption of Estonia and Latvia.
However. The LNG contracts they had to feed this LNG import terminal was signed in 2105 with Equinor (formerly Statoil, Norway’s national oil company) and was to last 5 yrs.
As of now there is no contract in place. Nat gas is not infinite. What was flowing already had customers elsewhere. The Lithuania total of 2.2 billion cubic meters is quite tiny so one would expect them to be able to find a source.
The larger consuming countries, like Germany, yes, they face the Russian problems, but it’s extremely important to understand that if they say no to Russia, that does not mean there is ANYWHERE else that can supply those kind of numbers.
The US can ship LNG, but not to every single country that wants to say no to Russia. Global gas consumption relentlessly increases. Supply does so at a much slower rate.
Yeah, pay 5 times the price. Those smart Lithuanians lol.
Turns out you can’t be an azz to someone you wanna buy things from. Weird... who knew?
Guess that eludes the squarehead mind. LOL
They didn’t see the writing, they have Germany paying their bills, hence the price doesn’t matter. LNG is still 5-10 times more expensive than Russian gas.
You can’t run an energy-intensive economy on LNG and stay competitive.
They don’t care. They don’t have factories running on gas and they have the EU to pay their bills.
Turns out you can’t be an ass to your biggest customer.
That’s why Putin is bringing misery to the Russians with his egotistical war
The Germans have ALWAYS been prone to idealism. This goes back to late 18th/early 19th century Romanticism. Everything from the communism of Marx to nature worship to origin myths about their ancestors. The Nazis harnessed this for the Aryan Myth and the Gaia Worshipers of today still hold more influence in Germany than perhaps any other Western country.
Its this crap that has made an otherwise highly intelligent people often so stupid collectively. and yes, a lot of my family is German and I lived there twice and speak the language. I’m quite familiar with it. I think the Germans will simply have to suffer and suffer a lot before they will wake up and realize they cannot power a modern economy with unicorn farts. Only then will they start to be practical about energy policy. It always seems to take the Germans first suffering a great deal of pain before they finally wake up from their delusions.
The US could supply a LOT of LNG as well as coal and oil if we could overcome our own Gaia Worshipers here at home.
It would be very helpful in doing so if the Europeans would publicly pressure the US to produce more fossil fuel. Then we could beat the Democrats over the head with that - accusing them rightfully of being nothing more than tools of Putin for starving us and our allies of desperately needed energy which we have and could produce if we wanted to.
The US is already supplying a lot of LNG to Europe.
Meanwhile..
https://oilprice.com/Energy/Natural-Gas/Soaring-US-Production-Cant-Keep-LNG-Prices-In-Check.html
No freezing and starving in the baltics?
Well the Putards are not going to like this!
It is always tempting to read conservative columnists who babble the right wing narrative and not examine numbers.
The US oil production levels are hardly at all diminished from pre Covid 2019. We have lost at this point less than 1 million barrels per day vs 2019, and this is far less than 10%.
The US had lost 50% of production from about 1995 to 2010. Consumption did not decline. It grew. Then several things happened.
1. Collapse of interest rates.
2. Redefinition of “crude”. All oil is not equal. Hydrocarbon liquid than is thin, non viscous, used to be called condensate or NGL. The threshold was API 40. Shale “oil” is about 42. The threshold was raised to 45. Presto, more “oil” was produced.
3. Fracking and horizontal drilling was invented in Russia in the late 20th century. Zero interest rates made it worth pursuing in the US. And so “oil” production stopped the 50% decline and grew to the present 12 mbpd.
Regulation was not involved.
Geology doesn’t care about regulation. The US was the Saudi Arabia of the world pre 1940, exporting oil to world that wanted it. Desperately. No regulations caused us to drain the fields. Geology determined that.
Oil and gas are not infinite and we have been draining ours for over 100 years. Meanwhile, population grows and accelerates the drain. How long did the world think this can go on?
Lithuania will find scarce source for its LNG terminal because the whole world finds it scarce. There is no fix for this. Scarcity is forever.
Let’s examine those facts more closely shall we?
- Yes US production is not down that much from its previous peak. That is true. That also misses the point. US production would be considerably higher than it is right now but for the hostile policies of the Biden administration.
- Yes the US was the largest oil exporter prior to WWII. US oil and gas is hardly depleted though. The US has the largest oil reserves in the world. The US also has a huge amount of natural gas. Coal? Once again, the US has the largest reserves in the world - half again the size of the next biggest country, Russia.
So the fact is that the US could go on supplying itself and Europe with fossil fuels for a long time to come.
Oh, and the first Fracking was done in Kansas in 1947, not in Russia.
Horizontal drilling was invented by a couple Californians, H. John Eastman and Roman W. Hines in 1934.
It would not be higher, regardless of Biden policies. Leases sold are not appreciably different in total than from Trump, and the absence of bids on what leases are made available is a consequence of seismic revealing there is no oil in those locations, or in most locations now. Geology doesn’t care about policy. It does care about scarcity.
Biden policies do not extend to, say, Switzerland, but no oil is coming out of there. For the obvious reason of there being no oil there, as is true for most of the US, too. None in Nevada now if we need a US example.
The US does not have more reserves than anywhere else. Reserves are defined as much by the SEC as by the USGS. It’s generally accepted that Venezuela and Canada have the maximum geology determined hydrocarbon totals. It’s very hard to get out, but that’s what they have. That’s reserves measured by actual physical presence. Not by P1 and P2 and P3 evaluation.
Why would people imagine the US has so much? What is special about Mesozoic US? Why would US geology differ from most. People used to ask this question of the Middle East. But, of course, they are now going empty, too.
Going empty has nothing to do with EVs. The physics there is an obvious failure. You will never fill the tank in 3 minutes and that’s the fundamental competitive reqmt. So no, scarcity is not a pro EV perspective. Scarcity in geology doesn’t care about any perspectives. It just is. And it will kill billions of people. Soon.
No idea how you conclude the US can supply oil to itself and Europe. US consumption is about 21 million bpd. Production is 12. I suppose you can supply Europe if you just import even more (which is often done) but for heavens sake don’t delude yourself that the US is oil self sufficient. That’s insane.
I thought everyone knew about the Russian origins of artificial permeability enhancement via horizontals and fracking. I see the wikis have been purged of all Russian mention. In fact, a search for fracking and Russia generates page after page of Russia hate and Russia conspiracies as regards US fracking. One can’t get any links about any Russia oil work in the 1970s or so.
Actually the most interesting fracking going on in the world today is in Argentina. They have a very good shot at supplying all of Latin America with pipeline gas, erasing a US customer.
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