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 abandons the construction of a natural gas pipeline to India and Japan”
https://www.seetao.com/details/86540.html
“Russian media recently reported that Alexander Perov, the head of the Russian Energy Security Fund, said that Gazprom had given up on the construction of pipelines in India and Japan considering politics and cost factors.
Gazprom Vice President Yelena Bulmistrova announced at a press conference that the construction of the natural gas pipeline from Russia to India has been postponed, calling it “a route that is too capital-intensive.””
“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.”
“Except none of that is true.”
It is all true, except the GDP percentage. It should not be total GDP, but rather Government revenues (or also total exports). My mistake. Also, the 90% storage number is rounded, today it is around 89% for Germany, and 87 or 88% Europe-wide - well ahead of schedule, and well over the 80% minimum for Winter. They have been injecting about 1/2 of one percent of capacity per day.
https://www.theice.com/products/27996665/Dutch-TTF-Gas-Futures/data?marketId=5429405&span=2