I find it rather laughable that in response to all the games Russia sanctioned its current German importers of natgas.
It means that the new companies need to be established and new contracts concluded. I am sure that there won’t be $300 per tcm prices in them anymore, but closer to the current spot prices of $1000+. The Germans are going to overpay enough in a few months to finance a couple of new pipelines from Russia to Asia. Then they can convert Germany to unicorn farts.
“The Germans are going to overpay enough in a few months to finance a couple of new pipelines from Russia to Asia.”
LOL, nice of the Germans to finance Russian pipeline expansion.