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Sanctions and Drones Are Devastating Putin's Energy Empire
Newsweek ^ | April 5, 2024 | Brendan Cole

Posted on 04/05/2024 6:40:45 AM PDT by canuck_conservative

Reuters said Novatek had stopped operations at its Arctic LNG 2 project, which processes gas from the Utrenneye field on West Siberia' Gydan Peninsula, in the latest blow to Russian fuel exports.

It comes as Russian exports funding Putin's war have been hampered by repeated drone strikes on oil facilities, blamed on Ukraine. One energy industry expert told Newsweek that state oil giant Rosneft had reduced daily oil processing in March by a fifth.

Sanctions have caused a lack of specialist tankers to transport the LNG from Russia through thick sea ice. Six Arc7 tankers were due to be built by Hanwha Ocean— three for Russia's leading tanker group Sovcomflot and three for Japan's Mitsui O.S.K. Lines.

But the three tankers ordered by Sovcomflot were canceled after it was sanctioned by the U.S. in February.

In recent months, oil facilities across a wide area of Russia have been targeted by Ukraine, including in Ryazan and Pervyy Zavod south of Moscow, the Rostov region by the Ukrainian border, as well as Nizhny Novgorod and Kirishi, close to St. Petersburg.

Targets were the main technological installations that ensure the processing of raw materials to obtain oil products of export quality.

Mykhailo Gonchar, president of the CGS Strategy XXI group, said analysis had shown the average daily oil refining capacity in the largest Russian oil company, Rosneft, had decreased by 19 percent compared with January...

So far, the strikes have caused losses, and costs for repairs, while hampering Putin's war machine, but "for these strikes to have a fatal effect, they must continue unabated," he added...

(Excerpt) Read more at newsweek.com ...


TOPICS: Extended News; News/Current Events; Russia; Ukraine
KEYWORDS: 26thmonth; allpropaganda; anothercialoss; brendancole; dailypropaganda; drones; energy; killkillkillforpeace; lesspropagandaplease; maplesyrup; nulandsdream; oil; oilindustry; putinsblunder; zeeperporn
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BTW, these have no effect on US gas prices, since Russia does not export to the US
1 posted on 04/05/2024 6:40:45 AM PDT by canuck_conservative
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To: canuck_conservative

Actually they do - when Putin sells to other nations they’re not buying from the western sources. If the supply has been damaged it’s why you’re seeing price spikes now.

Also - in spite of the attacks and damage, Russia’s output has actually increased from the start of the war. (Which is part of the reason prices went down)


2 posted on 04/05/2024 6:43:07 AM PDT by Skywise
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To: canuck_conservative

3 posted on 04/05/2024 6:43:20 AM PDT by Tell It Right (1st Thessalonians 5:21 -- Put everything to the test, hold fast to that which is true.)
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To: canuck_conservative

Not directly but perhaps indirectly. If some supplier is reduced in the market another supplier could seize the opportunity. Overall market prices and US prices could be affected.


4 posted on 04/05/2024 6:44:12 AM PDT by Reily (!!)
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To: canuck_conservative

Sanctions also devastate western Europe. Acceptable collateral damage I suppose?


5 posted on 04/05/2024 6:45:30 AM PDT by Salman (It's not a slippery slope if it was part of the program all along. )
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To: canuck_conservative

“...thick sea ice...”? What thick sea ice. Isn’t the sea ice melted and gone?! Where’s Greta Thunberg?! Somebody’s been lying to us!


6 posted on 04/05/2024 6:46:48 AM PDT by Tucker39 ("It is impossible so to rightly govern a nation without God and the Bible." George Washington )
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To: canuck_conservative
It comes as Russian exports funding Putin's war have been hampered by repeated drone strikes on oil facilities, blamed on Ukraine.

Why would they feel the need to say "blamed on Ukraine"?

7 posted on 04/05/2024 6:47:03 AM PDT by Pollard ( Seed Room Wx: 67 degrees - 44% humidity)
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To: canuck_conservative
"BTW, these have no effect on US gas prices, since Russia does not export to the US"

Stupidest thing I have read this morning. Oil is a global commodity that is fungible, meaning that a decrease of supply in source raises prices everywhere unless new supply replaces it. If supply of oil to China from Russia is curtailed then China has to purchase it on the world market thereby increasing demand and prices on the world market.

You are either very ignorant or deliberately lying.

8 posted on 04/05/2024 6:52:35 AM PDT by wildcard_redneck (He who sacrifices freedom for security deserves neither.)
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To: canuck_conservative; Skywise
Skywise debunked your first statement.

This source debunks your second.

"After the invasion of Ukraine, the U.S. banned the direct import of Russian oil. However, other countries that then started buying that oil can legally refine it and sell it to the U.S. That's the refining loophole, and that's what we're trying to change."

https://www.pbs.org/newshour/show/how-russian-oil-is-reaching-the-u-s-market-through-a-loophole-in-the-embargo

9 posted on 04/05/2024 6:58:00 AM PDT by Starboard
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To: wildcard_redneck
"You are either very ignorant or deliberately lying."

Concerning Zeepers, the sure bet is the second option.

10 posted on 04/05/2024 6:59:15 AM PDT by Tench_Coxe (The woke were surprised by the reaction to the Bud Light fiasco. May there be many more surprises)
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To: canuck_conservative
BTW, these have no effect on US gas prices, since Russia does not export to the US

This statement is prim facia evidence that you are a neophyte who has no idea what he is talking about. The price of crude is set by supply & demand, production costs, and market sentiment. Now a country certainly has the right to undercut that price, but they rarely do so. When the do so, it's an indication that there is an oil glut in the marketplace.

What Determines Oil Prices?

11 posted on 04/05/2024 6:59:37 AM PDT by Robert DeLong
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To: Allegra; AndyJackson; ANKE69; bimboeruption; Candor7; Carriage Hill; dforest; doorgunner69; ...

ZEEPER FOLLIES PINGLIST!

(((PING!)))

... to be added to the best Zeeper-provided entertainment since Paul Shanklin parodies, ping me bro.

12 posted on 04/05/2024 7:01:41 AM PDT by aMorePerfectUnion
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To: Robert DeLong; Skywise; Starboard; wildcard_redneck

Then it’s all Putin’s fault.

There would be no war-induced shortages if Putin hadn’t started this war in the first place, right?


13 posted on 04/05/2024 7:03:45 AM PDT by canuck_conservative (NATO - now celebrating 75 successful years of keeping the Russian monsters out!!)
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To: canuck_conservative
BTW, these have no effect on US gas prices, since Russia does not export to the US

This is how you tell the world how dumb are, without telling the world how dumb you are.

14 posted on 04/05/2024 7:10:09 AM PDT by BlackbirdSST (Trump or Bust! Long live the Republic.)
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To: canuck_conservative

Sorry that I made you look stupid


15 posted on 04/05/2024 7:10:28 AM PDT by wildcard_redneck (He who sacrifices freedom for security deserves neither.)
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To: canuck_conservative; Robert DeLong; Skywise; wildcard_redneck

cc: Why don’t you just admit that your unsubstantiated statements were flat out wrong?


16 posted on 04/05/2024 7:17:20 AM PDT by Starboard
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To: canuck_conservative

There’d be no war induced shortages if Obama and Biden hadn’t run a summer of love in Ukraine in 2014 to overthrow the elected leader who was more sympathetic to Putin then the west and then pushed Ukraine to join NATO.


17 posted on 04/05/2024 7:18:10 AM PDT by Skywise
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To: canuck_conservative

Ukraine joined NATO today. Guess what happens next? People who are stupid and easily led will start demanding that we go to war against Russia. And guess who they will sned first to die? Those people who still think Russia is the enemy. And they will send their children to die. This is an attempt to rid our country of any vestiges of “America is the best”.


18 posted on 04/05/2024 7:20:33 AM PDT by DouglasKC
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To: canuck_conservative
There would be no war-induced shortages if Putin hadn’t started this war in the first place, right?

Dude you're being played so that when it comes to war you'll be willing to send your sons and daughter to fight a threat that hasn't been a threat in 50 years. You're like an old man ranting about the Japs from world war 2!

19 posted on 04/05/2024 7:22:19 AM PDT by DouglasKC
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To: Starboard

That was just to smoke you Russian apologists out

It worked ... still nobody blaming Putin ...


20 posted on 04/05/2024 7:22:46 AM PDT by canuck_conservative (NATO - now celebrating 75 successful years of keeping the Russian monsters out!!)
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