Put down the crack pipe, Beau-Bo Biden.
Put down the crack pipe, Beau-Bo Biden.
“Other suppliers”
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.
Italy is invested a lot, and signing deals in nearby top ten producer Algeria.
Poland is activating a new pipeline to bring in Norwegian gas, this Fall.
All around Europe’s coastlines, LNG terminals are being built and expanded, at record speed.
There is an historic feast underway, on Russia’s former market share.
All the oil and gas majors that have suddenly withdrawn from their Russian projects, are hurrying to expand capacity elsewhere, and getting pretty much blank check lines of credit from Western Governments to finance it.
Russia firing its customers, like today’s shutoff of the Netherlands (Finland, Poland, Bulgaria, etc.), is an innovative business strategy, that has traditionally been considered bad for business.