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To: elpadre

This article is deliberately misleading.

Europe previously imported little LNG from Russia, but a lot of pipeline gas.

The small thing (LNG), though 40% bigger, is still small. The big thing (pipeline gas) is over 90% gone. The net result is that Russia’s total share of the European gas market (LNG plus pipeline) has been dramatically replaced by other suppliers (especially Norway and the USA).

The loss of Russian gas exports to Europe (85% of Russia’s total 2021 natural gas exports) has been so huge that last quarter, Gazprom operated at a net loss.

Even the small remains imports of Russian LNG are. Planned to be phased out by the EU


8 posted on 09/02/2023 1:11:56 PM PDT by BeauBo (Penny Ruble - soon to be remembered by Russians as the good old days.,)
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To: BeauBo

—”This article is deliberately misleading.”

I suspect this article is more than misleading it is false.

“Russia cuts LNG exports in January-June by 9.4%, flows to Europe steady - data”
Russia cuts LNG exports in January-June by 9.4%, flows to Europe steady - data
https://archive.ph/SZYRN#selection-387.0-387.78

Russia’s LNG exports decreased 3% on the year to 16.4 million tons in the first half of 2023, according to Kpler data, as the effects of wartime sanctions dovetailed with the more mundane effects of maintenance schedules.
https://www.energyintel.com/00000189-2650-d3a6-a7eb-3ef158c10000#:~:text=Russia‘s%20LNG%20exports%20decreased%203,mundane%20effects%20of%20maintenance%20schedules.

Apr 27, 2023 — On Thursday, Izvestia, a Kremlin-linked publication, reported that pipeline exports might fall 50 percent in 2023, citing a government forecast.
https://www.nytimes.com/2023/04/27/business/energy-environment/russias-gas-exports-2023.html

Jun 5, 2023 — In addition, LNG exporters face a higher tax rate on profits from 2023: it has been raised from 20% to 34%. I
https://www.osw.waw.pl/en/publikacje/osw-commentary/2023-06-05/unfulfilled-ambitions-russias-lng-sector-grip-sanctions


13 posted on 09/02/2023 2:59:53 PM PDT by DUMBGRUNT ( "The enemy has overrun us. We are blowing up everything. Vive la France!"Dien Bien Phu last message)
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