European gas imports

Hole wrote:Just read that russian gas is flowing into the EU. Customers begging Gazprom to send more.

After the hijacking of the Russian cargo ship by the French, I want Russia to close off the taps.

Partly thanks to the Poles suing Gazprom because they wanted to pay the market price. Thanks Poles!
The gas was at $40 USD, then it was $1000 USD, right now it is $1500 USD. Will Medvedev be proven right?

The poles found out straight away really... when they got what they wanted it had taken about 5 years so the 5 years of gas prices were adjusted to reflect the new pricing system so Gazprom paid them back 1.5 billion. In the 2 years since that ruling they have paid 4 billion more for their gas than they would have paid under their previous pricing system. They said themselves they wanted to go back to the old pricing system but court rulings are court rulings right?

3/2/2022 12:39 PM

(Current) : 165.91 EUR / MWh

(Day High) : 193.95 EUR / MWh

Yesterday closed at 121 EUR / MWh that's a 36% increase during today.

This is absolutely insane. Has Russia even announced gas-supply halts to Europe?

That's 1944$/1000m3. With a high of 2273$/1000m3.

Brent Crude is at 112.1$/barrel as of 12:57 GMT 3/2/2022.

nero wrote:This is absolutely insane. Has Russia even announced gas-supply halts to Europe?

Nope. Actually latest reports say they doubled gas flow through Ukraine to maximum flow allowed in the contract.

Next step: only accepting Ruble, RMB, Gold.

Hole wrote:Next step: only accepting Ruble, RMB, Gold.

I would say also Rupee and currency from countries like Algeria for example.

nero wrote:3/2/2022 12:39 PM

(Current) : 165.91 EUR / MWh

(Day High) : 193.95 EUR / MWh

Yesterday closed at 121 EUR / MWh that's a 36% increase during today.

This is absolutely insane. Has Russia even announced gas-supply halts to Europe?

That's 1944$/1000m3. With a high of 2273$/1000m3.

Brent Crude is at 112.1$/barrel as of 12:57 GMT 3/2/2022.

that is why London is desperate to keep Scotland in the UK ... break even price is $22 a barrel for North Sea oil (Brent Crude)

That is the whole reason for Thatcher's economic "miracle". North Sea oil.
And it wasn't discovered when she was in power either...

Is this a big blow to Russian Natural Gas?


https://www.msn.com/en-us/news/world/russia-suffers-blow-as-germany-strikes-natural-gas-deal-with-qatar/ar-AAVitpC?ocid=msedgdhp&pc=U531

No. Qatar sells LNG and they cannot ramp up supply that quickly. Assuming Europe even had the port facilities to unload the gas. Or the ships to transport it.
The EU will also find that Qatar will want long term gas contracts. Like 15 years. In fact their minister already said that much.

The truth is Russia will be able to build pipelines and export capacity to China faster than they can ramp up LNG imports from countries outside Russia. And LNG will be way more expensive than pipe gas.

They are trying to reduce their dependence on Russian gas, but there is not enough available gas sources to actually replace Russian gas any time soon and the gas they do buy will be rather more expensive than the gas pumped from Russia.

The gas they get from Qatar will be liquified, which makes transport by ship more efficient but also takes energy to liquefy, which costs money, and of course when it reaches Germany they will have to have port services that can take that liquid natural gas and convert it back into gas which also requires energy and costs more money to get something if they wanted it from Russia, they could send an email and transfer funds into Russias account the the gas would start arriving almost immediately.... at the turn of some taps.

Going through the Ukraine Russia would need to put some money into their accounts, but not something Germany would need to worry about except the slightly higher price for the transit fees.

In the past Russia has been sending it other ways and just paying the Ukraine penalties for not pumping it through their pipes where it is cheaper to pay the fines than pay the transit fees.

NSII should therefore be quite a bit cheaper in terms of transit fees.

EU-tard poodles of Uncle Swine-shit are now talking about a full embargo on Russia. These losers yap about replacing Russian
gas supplies in a single year. Germany would require three years just to build the two LNG terminals it needs assuming that there
are enough LNG tankers, which there are not. But EU-tardia would need dozens of such terminals. The only thing these null brains
are going to have in one year are massive shortages.

kvs wrote:EU-tard poodles of Uncle Swine-shit are now talking about a full embargo on Russia.   These losers yap about replacing Russian
gas supplies in a single year.   Germany would require three years just to build the two LNG terminals it needs assuming that there
are enough LNG tankers, which there are not.   But EU-tardia would need dozens of such terminals.    The only thing these null brains
are going to have in one year are massive shortages.

3 years.
The Germans announced they would build LNG port facilities in 2017. They still haven't built or started building anything.

Just for reference around 2014 is when the Russians started building Power of Siberia. And it was put into service in 2019.
It has taken a long time to ramp up gas deliveries on Power of Siberia. But that is mostly because it relies on new gas fields which had to be put into service.
Power of Siberia 2 would use existing gas fields.

This diesel problem could be as important as any other following sanction. Some energy traders out there are going to make incredible amounts of money this year.

It is also being ignored in the western MSM.

Spriter
@spriter99880
·
12h
Bloomberg reports that Europe has 40 days of diesel fuel left. One of its leading suppliers is Russia.




Note the figure for Poland

Spriter
@spriter99880
·
12h
On the issue of the discussed embargo on Russian oil imports to the EU. Informative infographic - the share of Russian oil in supplies for each country.

ALAMO wrote:

JohninMK wrote:
Note the figure for Poland    

Nothing bizarre here.
Our infrastructure was built around processing Soviet (and Russian later on) crude oil.

Not bizarre but I bet there isn't the port capacity to get that quantity of oil in by tankers.

ALAMO wrote:There is only one pipeline to deliver crude oil for refining. From Gdansk harbor to Plock. So you can judge by yourself if they can substitute the big pipe deliveries ...

Well they got 'Pole' and 'Polish' in their name, so I would suggest their leadership go Polish a Pole!

owais.usmani wrote:

https://twitter.com/KarlMathiesen/status/1504756576212639745

The special operation has paid itself off multiple times already lol!

Reality intrudes. Now all they have to do is come to a proper deal with Russia that reflects it.

Levi
@Levi_godman
·
5h
The EU will remain dependent on Russian energy resources until at least 2027 - the statement of the European Commission after the summit with Biden.

Took them long enough. Even 5 years won't be enough to replace all the imports without some cuts to energy consumption.

lancelot wrote:Took them long enough. Even 5 years won't be enough to replace all the imports without some cuts to energy consumption.

Russia is going to dictate the transition period, not the EU. This starts with ruble payments and the completion of
the new pipelines to China by 2025.

If they stand by their principles and refuse to pay in rubles they will find they are not dependent on Russian gas very very shortly...

And what are they going to do... move HATO forces to Russias borders and militarise their neighbours and put bio weapon labs and nazis on their borders... an talk about nuclear weapons as well.... hmmm.

That already worked, they should be happy about the current situation they created with their coups and 5 billion dollars spent on overthrowing the legitimate government of the Ukraine and putting nazis into power.

a jewish pro nazi president was a clever twist... ironic he got the job by saying he would improve relations with Russia and settle the issue of the rebel republics peacefully... what a lying snake in the grass he was...