Posted on 09/15/2022 5:00:57 PM PDT by Navy Patriot
I understand Putin is going call it the Enema.
Construction is due to start in 2024.
That’s gonna be one heckuva pipe. Ivan’s gas is mostly around the Caspian so to go north, then east, then south thru Mongolia must be pushing 8,000 miles. What could go wrong?
Moscow and Beijing will soon sign a deal on delivery of "50 billion cubic metres of gas" per year via Power of Siberia 2 pipeline
Gazprom sold 155 billion cubic meters of gas to Europe in 2021.
Yep, and Germany still won't get any gas from now till then, while Russia improves it's fields, production and operation to fully supply the new pipeline's capacity.
China should take Trump’s advice like Europe is.
And if they want, Russia will sell zero cubic meters to any European sanctioning entity in 2023.
There is plenty of pipeline capacity for Russian Gas outside of Europe.
Russia already has a major gas pipeline to China, this will add to and expand on existing infrastructure. Looks like Russia is prepared to stiff Europe completely.
I didn’t know that China had any excess capacity.
I guess I have it backwards. The gas is going the other way.
Who cares how much Gazprom used to sell to Europe? Do you see what the price is right now and a year ago? They’d do just great selling just 1/10 of it.
What is more important is that German industry is going to grind to a halt this winter, and it is their fault no matter how loud they are going to scream ‘Putin’s energy weapon!’.
First, the clowns believed that the American LNG is going to replace the Russian gas even though the reputable experts said that it is impossible.
Second, they declared a total economic war on Russia all on record, said they are going to stop purchases AFAIK and sanctioned the service of the compressors pumping has into Europe.
Six months later the compressors are out of commission due to a lack of service, and guess what, Russia is an unreliable partner that used gas as a weapon:)
How stupid are are idiots electing ‘leaders’ like that?
Europe stiffed themselves.
But then, that's the European way.
Uh, no. There are no existing pipelines for Russian gas, outside of Europe. They don't exist.
Go east? Why China’s not going to save Russia’s energy exports anytime soon
Can Russia now divert its energy exports to China? In fact, Russia’s energy strategy has been “pivoting to Asia” for over a decade, investing in new oil and gas pipelines, expanding railroad capacity, and boosting LNG transportation to supply the Chinese market. So the more precise question is: how quickly can that effort be accelerated?
The answer: Not much.
A fuel-by-fuel review of Russia’s energy exports reveals that China will not be Russia’s savior any time soon: Russian energy exports to the east face major resource constraints, logistical bottlenecks, and political issues.
Let’s start with oil. The primary Russia export route to China is the East Siberian pipeline (ESPO), which shipped about 700,000 barrels of oil a day in 2021. An additional 900,000 barrels of oil a day were shipped by tanker.
There’s little room for immediate expansion, given constraints in both pipeline capacity and marine terminals. In fact, sending oil by tanker could prove difficult, as traders and shippers shy away from Russian oil. If anything, Russian oil exports to China might even decline over the next year.
Russian gas exports to China have more room to grow. Unused capacity in the existing Power of Siberia 1 pipeline means there’s modest space —at least in theory—for Gazprom to increase its gas deliveries to northeast China over the next few years. But the problem is at the source: the gas resources of East Siberia are modest compared to West Siberia. Moreover, Gazprom is not going to be able to fully develop its two major East Siberian fields, Chayanda and Kovykta, until the mid-2020s at the earliest.
A small additional source could be Sakhalin Island. At the now infamous “friendship with no limits” summit on Feb. 4. Putin and Xi Jinping announced an extension to the existing Sakhalin-Vladivostok pipeline But both sides still need to agree on where the pipeline will cross into China. One option would be a point halfway between Komsomolsk and Vladivostok, which would require only a short spur into China. The other option, to join with the existing crossing-point of PoS-1 at Blagoveshchensk, would require nearly 600km of new pipeline, and would presumably not be available until the mid-2020s. This all assumes, of course, that production could be quickly scaled up at Sakhalin, which also requires additional investment.
Adding everything up, Gazprom could probably supply an additional 28 billion cubic meters of gas to China by 2025—only a fraction of the 155 billion cubic meters Russia supplied to Europe in 2021.
The proposed Power of Siberia 2 pipeline could boost Russia’s gas exports to China, but only in the longer term. Gazprom has been promoting this project for nearly a decade, but there is no agreement yet on where the gas will come from and how it would get to China.
https://fortune.com/2022/04/06/china-buys-russia-energy-exports-oil-gas-coal-ukraine-sanctions-thane-gustafson/
Not to mention Russia is expanding the LNG infrastructure and now there are incentives offered to divert gas bound for NSII to chemical industry to make plastics and fertilizers - the stuff they used to make in Germany prior.
“Looks like Russia is prepared to stiff Europe completely”
Only Trump saw that coming. But leftist can’t mouth the words, ‘I was wrong”, “sorry” I’m A hypocrite”. FOAD leftist, hopefully sooner than later.
Russia selling 1/10 of the gas it used to at a 50% discount to Chinais not a great deal.
How stupid are are idiots electing ‘leaders’ like that?
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You participate in these threads.
They are precisely _that_ stupid.
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