Posted on 05/31/2022 9:15:35 AM PDT by kiryandil
Biden cut our energy off and we did nothing wrong
He is our president.
Existing Re-gasification Terminals Belgium LNG Terminal Zeebrugge, in Zeebrugge. Operated by Fluxys. Entered service in 1987, total storage capacity of 560,000 m3, 2 jetties and a regasification capacity of 9,000,000,000 m3 per year. Finland Pori, LNG terminal. Tornio, Manga LNG terminal. Hamina, Hamina LNG terminal. France LNG Terminal Fos-Cavaou [fr] in Fos-sur-Mer near Marseille. Operated by Fosmax LNG, a subsidiary of Elengy [fr], itself a subsidiary of Engie. Entered service in 2010, total storage capacity of 330,000 m3, 1 jetty, and a regasification capacity of 8,250,000,000 m3 per year. LNG Terminal Fos-Tonkin [fr] in Fos-sur-Mer near Marseille. Operated by Elengy, a subsidiary of Engie. Entered service in 1972, total storage capacity of 150,000 m3, 1 jetty and a regasification capacity of 5,500,000,000 m3 per year. LNG Terminal Loon-Plage [fr] in Loon-Plage, near Dunkirk. Operated by Électricité de France (65%), Fluxys (25%) and Total S.A. (10%). Entered service in 2017, total storage capacity of 600,000 m3, 2 jetties, and a regasification capacity of 13,000,000,000 m3 per year. LNG Terminal Montoir-de-Bretagne [fr], in Montoir-de-Bretagne near Nantes. Operated by Elengy, a subsidiary of Engie. Entered service in 1980, total storage capacity of 360,000 m3, 2 jetties, and a regasification capacity of 10,000,000,000 m3 per year. Greece Revithoussa LNG Terminal, on Revithoussa island near Athens. Operated by DESFA, a subsidiary of DEPA. Entered service in 1999, total storage capacity of 130,000 m3, 1 jetty, and a regasification capacity of 5,500,000,000 m3 per year. Italy Adriatic LNG Terminal, offshore near Rovigo. Operated ExxonMobil (70,7%), Qatar Petroleum (22%), Snam (7,3%). Entered service in 2009, total storage capacity of 250,000 m3, 1 jetty, and a regasification capacity of 6,486,000,000 m3 per year. Panigaglia LNG Terminal [it], near La Spezia. Operated by GNL Italia [it], a subsidiary of Snam. Entered service in 1971, total storage capacity of 100,000 m3, 1 jetty, and a regasification capacity of 3,864,000,000 m3 per year. Toscana LNG Terminal [it], offshore near Livorno. Operated by OLT Offshore (a joint venture of Iren (company) [it] (49.07%), Uniper (48.24%), and Golar LNG (2.69%)). Entered service in 2013, total storage capacity of 137,100 m3, 1 jetty, and an authorized regasification capacity of 3,750,000,000 m3 per year. Lithuania Klaipėda LNG Terminal offshore Klaipėda. Operated by Klaipėdos Nafta. Entered service in 2014, total storage capacity of 170,000 m3, 1 jetty, and a gasification capacity of 4,000,000,000 m3. Netherlands Gate terminal, Rotterdam, opened September 2011 Poland Świnoujście LNG terminal, Świnoujście (Wolin Island) Proposed Re-gasification Terminals Estonia Paldiski LNG (developed by Alexela) Finland Hamina, owner Hamina LNG (joint venture of Haminan Energia Oy, Alexela and Wärtsilä) France Fos-Faster LNG terminal, planned start of commercial operation 2019 Germany Stade LNG Terminal Brunsbüttel LNG Terminal, to be operated by a joint venture consisting of Gasunie, Oiltanking and Vopak. Final decision expected in 2018. Wilhelmshaven LNG Terminal Greece Alexandroupolis INGS, planned with total storage capacity of 170,000 m3, and a regasification capacity of 6,100,000,000 m3 per year. Crete LNG Terminal, planned Kavala LNG Terminal, planned Latvia A terminal in Riga Netherlands Eemshaven LNG Terminal, Eemsmond. Cancelled in 2010. LionGas Terminal, Europoort, Rotterdam. Cancelled.
BeauBo wrote: For example, you may have heard of the world’s largest producer, the USA. The USA signed a long term supply contract with Germany, that had not even been a proposal before Putin’s most recent invasion. Canada too. Talks are far along with Qatar.
European Gas Soars After US LNG Terminal Explosion Halts Exports For Weeks
June 9, 2022
https://zububrothers.com/2022/06/09/european-gas-soars-after-us-lng-terminal-explosion-halts-exports-for-weeks/
According to Bloomberg, the Freeport LNG export terminal in Texas will be shuttered for at least three weeks, which will impact 20% of all US LNG exports. In the last four months, 75% of all US LNG exports have been sent to Europe.
That's gonna leave a mark.
As I said - he will gladly predict what will happen on Tuesday six months from now if you take him seriously today.
Dutch LNG spot is apparently 84 euros at the present time [piped natgas is around 9, way up from December of last winter].
Stupid should hurt.
An industrial accident at one facility does not change the fact, that Russia’s former customers are signing long term contracts to get their supply elsewhere. Russia is renown for its own pattern of industrial accidents and poor safety practices.
“for at least three weeks”
Does not substantially change what is going to happen over the next six months to two years - dropping Russian oil and gas supplies like a hot potato.
You are grasping at straws for hope that somehow Russia will maintain its market in Europe, and coercive power over the Europeans
The more Russia tries to make it hurt the West this coming Winter (while they are still vulnerable), the longer it will be before Russia will ever be trusted as a supplier again, and the more bitterly the West will impose secondary sanctions on the rest of Russia’s export customers, and Russia’s own economy.
The unprovoked invasion for conquest of a European neighbor, and the barbaric atrocities committed have horrified the world, and changed opinions of Russia and Russians. The overwhelming consensus in the West is that Putin’s Russia must be weakened strategically, because it cannot be trusted with great economic or military capability, after having shown such intent.
It is now explicitly recognized as a long term National Security imperative to not be dependent on Russia for essential supplies, and to not empower Russia with wealth.
Putin has screwed Russia well and truly with his failed gamble on a quick smash and grab. Not only is Nordstream II gone, but all the rest of the pipelines to Europe are now heading in that direction. All of them. Decades of work.
"I will gladly pay you Tuesday for a hamburger today!"
"I will gladly slap on the rose-colored unicorn glasses to make a BS prediction for you about Tuesday, if you grant me credibility today!"
Is that you, Annalena "Barebackin' It" Baerbock?
All that hard work on your English diction has paid off, sweetheart.
Tell us that story about the windmills and solar panels in the Ruhr again.
My opinion on oil is completely different from my opinion on gas.
If Europe succeeds in greatly reducing its GAS consumption, it will be severely crippling to Russia in the long term.
Because there is a large amount of GAS in the west that cannot readily find new customers, it can’t easily be sent to other customers in the east at all.
But the situation for OIL is totally different.
I do not think the EU and USA will have success hurting Russia by curtailing their oil imports from Russia. Nor as much as they think with other sanctions on insurance, shipping and so on.
It is too easy for them to find new customers for oil, and to do shenanigans to avoid these sanctions. I think you are really naive to take the EU at their word that they will have success on this.
For example, Russia ships oil to India. India has massive refinery capacity, so they refine it, and sell it to Europe and elsewhere. Those refined petroleum products are no longer “Russian oil”. This will happen (and is happening now) on a large scale with some other countries like Turkey and so on.
I won’t even get into all the tricks they can do with oil and shipping. Changing flags, fake transponder location or transponder turned off, oil transferred to other ship at sea.
Or they simply send it to one country, maybe even by pipeline, and then that other country sends it onward as “not russian oil”.
Sure, they might catch a small minority of this trade, but the incentive is too overwhelming and it’s just too easy
Check the price of LNG today.
(sorry)
“Check the price of LNG today.”
Yes, it is a painful transition.
But a transition there will be.
The price surge itself is an indication of that transition occurring, as the price of new supplies is temporarily bid up.
“It is too easy for them to find new customers for oil, and to do shenanigans to avoid these sanctions.”
I agree with you that oil is easier for the Russians to redirect toward other customers (including smuggling), than is natural gas.
But despite the relative ease, there are difficulties that will still reduce the total volume, and decrease the profitability. We will have to see how the sanctions/counter-sanction evasion war works out in practice, but other nations that have been sanctioned (like Venezuela and Iran) lost a reasonable chunk of their volume and revenue over time, despite smuggling.
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