Russia cannot physically move that gas to new customers for the next decade, if ever.
European gas storage for the Winter is 90% full, well ahead of schedule. European natural gas prices are down about half since their peak on August 26th.
Putin pulled the trigger on his energy weapon, and it backfired on Russia. Natural gas was 25% of the Russian GDP last year, and 85% of their exports went to Europe.
“Russia has drastically cut gas supply to Europe since the invasion of Ukraine”
It’s called a BOYCOTT, a boycott by Europe.
“That business, which took a half century to build, is not going back to Russia.”
The Europeans had already committed to ending the use of fossil fuels in 10 years or so. So no big deal for Russia.
“Europe has already signed long term contracts with new suppliers.”
Which ones, for how much, and when will they have additional LNG the export capacity on-line? Not Cutter, not Algeria, maybe US?
“Russia cannot physically move that gas to new customers for the next decade, if ever.”
Probably not, but look at a GLOBE - Russia is a big country, very big, they’ll do fine sending pipeline gas to China, and more of that is coming on-line, on a regular basis.
RUSSIANS ARE TROLLING EUROPEANS BY LIVE STREAMING THIER STOVES BURNING 24/7
Theres a Massive Energy Crisis Happening in Europe. Will It Affect Travelers?
Wave Of German Insolvencies Picks Up Speed…”Tenfold Increase in Gas, Electricity Prices”
European Union President Proposes Cutting Off Electricity to Consumers to ‘Flatten the Curve’
https://freerepublic.com/focus/f-news/4093184/posts
Sounds tougher on Europe than on Russia.
In the short term it will be painful for the EU, but in the long term it will hurt Russia, because once weaned off Russian oil and gas, there is little reason for the EU to ever go back, so Russia is essentially throwing away their largest and closest market. Eventually countries like China will probably fill the void and purchase cheap Russian petroleum, but that’s not like just flipping a switch, it will take at least a decade to build the infrastructure and pipelines over thousands of miles to make shipping large quantities of oil and gas to China economical.
What percentage of the season's needs are the stored units?
European gas storage for the Winter is 90% full, well ahead of schedule. European natural gas prices are down about half since their peak on August 26th.
Putin pulled the trigger on his energy weapon, and it backfired on Russia. Natural gas was 25% of the Russian GDP last year, and 85% of their exports went to Europe.
Except none of that is true.
For example:
“Oil & Gas Share Of Russia's GDP Dropped To 15% In 2020”
You claim oil gas alone accounts for 25% of Russian GDP.
And Russia is already exporting natural gas and oil to China and India, with a combined population of close to 3 Billion.
The entire EU population is still under 500 million.
Russia says China will start paying for gas in rubles and yuan
https://www.cnn.com/2022/09/06/energy/china-russian-gas-payments-ruble-yuan/index.html
Solar panels
Enjoy
Hey yo, I just read that the US is looking for folks who can gauge, and anticipate, and advise on sanctions and to make sure that those sanctions do what they are supposed to do....you know, unlike the sanctions that the West/EU/UK/US/NATO imposed upon Russia that just utterly failed and backfired.
‘US Treasury Advertises for a Sanctions Guru to Avoid Pitfalls’
https://archive.ph/bfHWX#selection-3603.0-3603.61
Woot?!
Russia is going to be bloated with gas.
That’s going to be uncomfortable.
Europe is getting exactly what it voted for.
Meanwhile my Swedish mother-in-law's power bill is going from 20k krona to 140k krona.
Globaloid mao-maos, like you, exist in some fake news loop.
1) Trump was right. He warned them and they laughed.
2) The UK dropped all restrictions on fracking. The EU should immediately do the same.
Russia cannot physically move that gas to new customers for the next decade, if ever.
/\
Ha.
Europe maybe.
China and India will take all plus more.
Well that’s an optimistic view. Good thing Europe doesn’t need it anymore.