Posted on 01/21/2023 7:09:47 AM PST by canuck_conservative
In 2021, a whopping 83 percent of Russian gas was exported to Europe. Russia’s global exports of 7 million barrels of oil a day and 200 billion cubic meters (bcm) of piped gas a year accounted for about half of its federal revenue...
Far from freezing to death, Europe quickly secured alternative gas supplies by pivoting to global liquefied natural gas (LNG) ... these alternative supplies have reduced Europe’s dependence on Russian gas to 9 percent of its total gas imports...
Furthermore, Europe’s unseasonably warm winter means that not only have the worst-case scenarios been avoided, but Europe’s full storage tanks have barely been drawn down and can carry over into next winter. In January, German storage tanks were a record 91 percent full, up from 54 percent last year, meaning that Europe will need to buy significantly less gas in 2023 than in 2022.
Europe is now assured sufficient energy supply well into 2024 at a minimum, providing enough time for cheaper alternative energy supplies to be fully onboarded and operating within Europe. This includes the completion of an additional 200 bcm/year in LNG export capacity by 2024 — enough to fully and permanently replace Russia’s 200 bcm/year gas exports once and for all.
Putin is drawing practically no profit from gas sales, as his prior 150 bcm sales of gas to Europe have been replaced by a measly 16 bcm to China and pocket change in global LNG sales, barely enough to cover expenses. There are no markets for Putin to replace anything close to that 150 bcm shortfall: China lacks the necessary pipeline capacity to take any more for at least a decade and prefers domestic and diversified sources of energy anyhow, while Russia’s laggard technology makes it impossible to scale LNG exports beyond a slow trickle....
(Excerpt) Read more at foreignpolicy.com ...
Bkmk
If it wasn’t for Stalin and his Non-Aggression Pact with Hitler, so he could get his slice of Poland, there wouldn’t have been a 1941 to 1945.
The blitzkrieg in the west and the Battle of Britain were fueled with Soviet oil.
What is going among Freepers and conservatives on over Ukraine is more than misdirected anger. What it is, I am not sure nor how to explain it.
The WEF might think so, but Russia, China, India and their proxies don’t need the WEF, Europe of the USofA.
Misdirected. The shrinks call this free-floating anger. You are pissed off in general. Looking to latch onto something, anything or a cause. Some Freepers have latched onto Ukraine and and Zelensky as their pet object of hate.
“ Some Freepers have latched onto Ukraine and and Zelensky as their pet object of hate. ”
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Some of the more feverish posters of ALL THINGS UKRAINIAN here have latched onto Ukraine and Zelensky as their pet objects of love and devotion.
We got your number brother! Your psyche number.
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