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    Russian Oil and Gas Industry: News #2

    Hole
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    Post  Hole on Sat Feb 29, 2020 9:42 pm

    This would be the only way the muricans can keep their shale oil/gas "miracle" alive.
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    Post  JohninMK on Sat Feb 29, 2020 10:49 pm

    kvs wrote:
    The UK still does as noted in the video.  

    Thanks, as it was in Russian I didn't pick that up.
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    Post  kvs on Sat Feb 29, 2020 10:54 pm

    JohninMK wrote:
    kvs wrote:
    The UK still does as noted in the video.  

    Thanks, as it was in Russian I didn't pick that up.

    I didn't translate everything. It appears that the increase in imports is associated with some sort of transient conditions
    and the UK may dial down Russian imports in the near future. But I found the fact that they went with Russian LNG
    imports very interesting considering all the claims by the yanquis that they can kick Russia out of the European gas market
    quick and easy. That is pure BS. The USA clearly does not have the export capacity and also does not have the
    quick turnaround time to crank up deliveries.

    So their absurd sanctions that try to kill off Russian gas pipelines are criminally reckless. They can't possibly step
    in to replace the potentially lost Russian supply from pipeline disruptions. You will not hear a squeak about this
    in the f*cking unfree fake-stream western media.


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    Post  owais.usmani on Tue Mar 03, 2020 9:43 am

    https://gcaptain.com/yamal-lng-crushes-output-capacity-in-2019/

    Yamal LNG Crushes Output Capacity in 2019

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    Post  owais.usmani on Wed Mar 04, 2020 10:20 am

    https://www.neweurope.eu/article/nord-stream-2-looking-for-solutions-to-complete-pipeline-hit-by-us-sanctions/

    Nord Stream 2 looking for solutions to complete pipeline hit by US sanctions



    Nord Stream 2 AG, which is constructing a controversial gas pipeline from Russia to Germany, is looking for solutions to complete the pipelaying of the offshore section in the Danish territorial waters that was halted after the US sanctions, the company told New Europe on 26 February.

    A total of 2,300 kilometres out of approximately 2,460 kilometres, or 94% of the Nord Stream 2 Pipeline had been laid by 20 December 2019, when our contractor Allseas was forced to suspend the pipelay in anticipation of the enactment of the US National Defense Authorization Act (NDAA). We are actively looking for solutions and will inform about it in due time,” Nord Stream 2 said, adding that all other works like the completion of landfalls and offshore works for stabilising the pipeline continue as planned.

    After getting the much-delayed permit to construct the Nord Stream 2 pipeline in Danish territorial waters, the combined speed of laying of the two vessels from Swiss company Allseas Group SA amounted to approximately 8 kilometres per day. It would have taken several weeks to complete pipelay but the US sanctions forced Allseas to abandon work on the pipeline at the end of December. The project was expected to be completed by the end of 2019 but now there is no timeline now when the pipeline will be finished.

    The United States has opposed Nord Stream 2, saying it would increase Europe’s gas reliance on Russia. Instead, US President Donald J. Trump has proposed that Europe buys liquefied natural gas (LNG) cargoes from the US.

    Katja Yafimava, a senior research fellow at the Oxford Institute for Energy Studies, told New Europe on 25 February it is beyond doubt that Nord Stream 2 will be completed. “I understand there are different options – it could be the Fortuna vessel which is already in the Baltic Sea, or Akademik Cherskiy, which has left Nakhodka, has already passed Singapore, and at present is heading towards Sri Lanka. If it is going to the Baltic Sea it would take it approximately 1.5-2 months to arrive there,” she said, explaining that Akademik Cherskiy belongs to Russian gas monopoly Gazprom’s subsidiary, Gazprom Flot, and has done various offshore works in the past which suggests that it has the expertise and could finish the construction of Nord Stream 2, particularly as the remaining section is not very deep water.

    Fortuna, which belongs to the Russian company MRTS, also could do it but, unlike Akademik Cherskiy, it does not have a dynamic positioning capability, Yafimava said. “My reading of the Danish permit is such that although it was granted on the assumption that a vessel with the dynamic positioning capability would be used, it appears to allow for a vessel without a dynamic positioning capability to be used should the Danish Energy Agency and Nord Stream 2 agree,” she added.

    On 25 July 25 2019, Nord Stream 2 brought an action for annulment before the General Court of the Court of Justice of the EU. The annulment would lead to the cancellation of the amendment to the Gas Directive “as the amendment was clearly designed and adopted for the purpose of illegitimately disadvantaging Nord Stream 2,” the company told New Europe on 26 February. “The conclusions of leading legal experts support our argumentation,” Nord Stream 2 argued.

    The company also served a notice of arbitration to the EU on 26 September 2019 based on the provisions of the Energy Charta Treaty (ECT) for investor protection. “The amended Gas Directive breaches the EU’s obligation from the ECT not to take such discriminatory action, and it is also in breach of the EU’s obligation to create fair and equitable treatment,” Nord Stream 2 argued.

    Asked about Nord Stream-2 launching a legal action against the European Commission in CJEU requesting to annul the amendment to the Third Gas Directive, as well as arbitration under the Energy Charter Treaty provisions on investment protection and promotion, Yafimava told New Europe that her interpretation is that in launching those actions Nord Stream 2 is trying to preserve the legal/regulatory regime that was applicable to it at the time of making an investment, and which has changed to the worse with the adoption of the Third Gas Directive amendment, which has subjected the German section of Nord Stream-2 to its provisions on Third Party Access, tariffs and unbundling.
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    Post  kvs on Wed Mar 04, 2020 2:06 pm

    Russia needs to stop pandering to EU-tards. Let them eat LNG cake, including the Russian flavour. These retarded
    f*cks think that they can piss on the only cheap gas supplier available to them. And that accounts for Qatar and Potential
    Iran LNG. All the dreams of using gas from Central Asia have died since they were nothing more than delusions.

    Let them pass all sorts of rulings, sanctions, change the law until they are blue in the face. But they are
    not prepared for Russia dialing back its natural gas supplies. Any twit who chirps that alternative energy will
    do it for the EU is brainless since the EU consumption of natural gas is growing from year to year and at the same
    time their domestic production is withering away, e.g. Holland. So they have a to fill a quadratically growing
    supply gap.

    This whole story summarizes the NATzO west treatment of Russia. They think of it as some sort of nothing that can
    be pushed around. They need their retarded heads bashed in with the mace of reality. Russia should use the US
    sanctions as a pretext to start reducing exports of gas to the EU. Even if that means not selling it anywhere
    else. Selling it today at the current low prices is a waste anyway. Any "lost" revenue is hypothetical since
    it can be recouped several times over (inflation adjusted) in the future.



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    Post  Hole on Wed Mar 04, 2020 4:34 pm

    Well, you can see that Russia isn´t in a hurry to finish the pipeline. They don´t need it. Meanwhile in germany their are angry voices why the f... the gas prices are so high. Shocked
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    Post  GarryB on Wed Mar 04, 2020 10:36 pm

    The pipelines actually limit the distribution capacity of Russian gas to the locations the pipes are layed to.

    LNG on the other hand can be sent anywhere around the world... and in fact if it is half way to the US to deliver some energy it could be turned around if another country is prepared to pay more... you could set up bidding on tanker payloads and maximise your income, or you could sign long term agreements with assurances from both sides.

    The fundamental question for Russia is why are you bending over backwards to provide such hostile to you countries with cheap energy?

    Especially when such countries punish you at every opportunity...

    There are countries struggling around the world that would benefit from cheap energy and would be grateful and could pay you in materials and resources that you could benefit from having on the cheap too... a real two way partnership where both partners benefit and grow and develop... unlike trade with the EU where half wants special cheap prices and the other half wants the trade to stop because you are evil.
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    Post  JohninMK on Wed Mar 04, 2020 10:56 pm

    GarryB wrote:The pipelines actually limit the distribution capacity of Russian gas to the locations the pipes are layed to.

    LNG on the other hand can be sent anywhere around the world..

    As long as there is a terminal there to unload it into, and those pesky pipelines away from that terminal.
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    Post  kvs on Wed Mar 04, 2020 11:09 pm

    GarryB wrote:The pipelines actually limit the distribution capacity of Russian gas to the locations the pipes are layed to.

    LNG on the other hand can be sent anywhere around the world... and in fact if it is half way to the US to deliver some energy it could be turned around if another country is prepared to pay more... you could set up bidding on tanker payloads and maximise your income, or you could sign long term agreements with assurances from both sides.

    The fundamental question for Russia is why are you bending over backwards to provide such hostile to you countries with cheap energy?

    Especially when such countries punish you at every opportunity...

    There are countries struggling around the world that would benefit from cheap energy and would be grateful and could pay you in materials and resources that you could benefit from having on the cheap too... a real two way partnership where both partners benefit and grow and develop... unlike trade with the EU where half wants special cheap prices and the other half wants the trade to stop because you are evil.

    Russia's government and elites are running on inertia. They need to let America "take over" the EU-tard market. Keep the gas
    in the ground and use it later when it will be more needed and expensive. The obscene behaviour of EU-tardia needs to be
    punished and hard. If Russia really did dump the EU in the yanqui lap, then its economy would collapse since there is no
    way in Hell that the US could deliver 160+ bcm/year of natural gas on short notice. They simply do not have that sort of
    export capacity regardless of LNG terminals and carrier ships. EU-tards need to learn the hard way that talking trash
    and pseudo-legal abuse are not cost free.

    If the Russian government thinks it will earn EU-tardia's friendship, then it is retarded itself. EU-tards will forget about any
    Russian good deed overnight and remember all the centuries of hate brainwashing. Unfortunately, with humans, love
    never works. Only fear and pain put humans in their place. Believe what you want, but Russia should maintain an
    extreme distance from the NATzO west and deal only cash for everything. No charity, no good will and not "friendship".
    These NATzO f*cks have been planning a war of extermination against Russia since the 1950s and Russia is sucking up
    to them and bending over backwards to accommodate them. That is retarded, insane and suicidal.

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    Post  kvs on Thu Mar 05, 2020 4:41 am



    Banderastan and the yanquis are actively discussing how to kill off Nord Stream II.

    Clearly, the Russian government and Gazprom are not following the proper policy. An ultimatum should have been issued in 2014 that
    zero transit of natural gas from Russia via Pukeraine will happen after some appropriate date (e.g. 1st day of 2020). Then, any
    sanctions and legal shenanigans from the EU and its puppetmaster, would result in the loss of the associated gas supply. It is
    not Russia's responsibility to supply the EU market. The EU is f*cking free to shop elsewhere, and that includes the fictional
    US LNG "on offer".

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    Post  Rodion_Romanovic on Thu Mar 05, 2020 8:02 am

    Russia does not have yet the capacity (i do not know about the land infrastructure (believe a new LNG terminal has been built in Ust luga, the new mega port in the baltic west of saint Petersburg,  but I do not know about its capacity) but for sure gasprom flot does not have enough LNG carrier to cover all the gas currently transported via pipelines.

    Anyway nord stream 2 has been built at 97%, it would be silly not to complete it, even it there was one year delay.

    And even if Poland and the baltic statelets (and Lukashenko's fiefdom) are against it, there is enough request from Germany and other sane states for natural gas at good price and without political string attached (instead of the american "freedom" LNG) to justify the use of nord stream 1 and 2.

    Also turkstream will continue to be very useful.
    Even more if turkey overplay its hand and the marmara region becomes a greek speaking Russian protectorate...

    Russian Oil and Gas Industry: News #2 - Page 12 Marmara-1100
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    Post  GarryB on Thu Mar 05, 2020 10:12 am

    Russia does not have yet the capacity (i do not know about the land infrastructure (believe a new LNG terminal has been built in Ust luga, the new mega port in the baltic west of saint Petersburg, but I do not know about its capacity) but for sure gasprom flot does not have enough LNG carrier to cover all the gas currently transported via pipelines.

    But that is not Russias problem... they can supply the LNG they can transport to their customers in the EU and pump the rest via the south stream and no pump a single litre above that promised through the Ukraine... any shortfall is the EUs problem for fucking them around with NSII... Russia is not responsible for that bullshit.

    Also if they want to complete NSII then there will be restrictions from Russias end of the tube to limit the amount of cheap gas the EU can have while sanctions are in place against Russia.

    A nice message to those EU pricks, but the problem there is that they are so spineless first of all they will blame Putin for the whole mess anyway and dropping EU sanctions on Russia would be a bad thing for Russia as closer ties with those censored will distract Russia from the much bigger much more open and much fairer market of the rest of the world... who want free fair and open trade but have been stuck with the shit they get from the west if they want high tech stuff. Now they can look to Russia and China and soon India too and we are looking forward to dealing with sane countries instead of insane ones.
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    Post  miketheterrible on Thu Mar 05, 2020 12:49 pm

    Yes, it is good for Russian LNG business. Russian LNG demand is booming so even with lower gas prices, it may be still more lucrative to build more LNG plants creating massive amounts of new high paying jobs and demand for more transport ships
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    Post  kvs on Thu Mar 05, 2020 11:27 pm



    With no fanfare the Admiral Vinogradov anti-submarine cruiser departed from Vladivostok on February 9th. It is appears it will
    escorting the Russian pipe laying ship being dispatched to the Baltic Sea from the far east.

    The yanquis are going to be in royal pain if they try to sink the pipe laying ship.

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    Post  magnumcromagnon on Fri Mar 06, 2020 12:58 am

    kvs wrote:

    With no fanfare the Admiral Vinogradov anti-submarine cruiser departed from Vladivostok on February 9th.   It is appears it will
    escorting the Russian pipe laying ship being dispatched to the Baltic Sea from the far east.  

    The yanquis are going to be in royal pain if they try to sink the pipe laying ship.


    Such an attempt would be considered "Casus Belli"; destroy a pipe laying ship and either a Aegis cruiser (or greater) magically sinks.
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    Post  kvs on Fri Mar 06, 2020 1:13 am

    magnumcromagnon wrote:
    kvs wrote:h8VINBw74WU

    With no fanfare the Admiral Vinogradov anti-submarine cruiser departed from Vladivostok on February 9th.   It is appears it will
    escorting the Russian pipe laying ship being dispatched to the Baltic Sea from the far east.  

    The yanquis are going to be in royal pain if they try to sink the pipe laying ship.


    Such an attempt would be considered "Casus Belli"; destroy a pipe laying ship and either a Aegis cruiser (or greater) magically sinks.

    The narrator of the video hypothesizes that there has been some sort of incident already. I have no doubt that the yanquis and their
    minions would try to play dirty. I believe the Kursk was not any sort of accident and was actually sunk since it was around that time
    that Yeltsin and his cronies lost power. The NATzO west was hoping to frighten Russia into submission.

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    Post  kvs on Fri Mar 06, 2020 2:24 pm

    Rodion_Romanovic wrote:Russia does not have yet the capacity (i do not know about the land infrastructure (believe a new LNG terminal has been built in Ust luga, the new mega port in the baltic west of saint Petersburg,  but I do not know about its capacity) but for sure gasprom flot does not have enough LNG carrier to cover all the gas currently transported via pipelines.

    Anyway nord stream 2 has been built at 97%, it would be silly not to complete it, even it there was one year delay.

    And even if Poland and the baltic statelets (and Lukashenko's fiefdom) are against it, there is enough request from Germany and other sane states for natural gas at good price and without political string attached (instead of the american "freedom" LNG) to justify the use of nord stream 1 and 2.

    Also turkstream will continue to be very useful.
    Even more if turkey overplay its hand and the marmara region becomes a greek speaking Russian protectorate...

    Russian Oil and Gas Industry: News #2 - Page 12 Marmara-1100

    Your post is a total non sequitur to what I posted. Russia's LNG export capacity has absolutely nothing to do with the
    shopping for gas from suppliers other than Russia. Instead of properly linking the fact the pompous yanquis do not
    have the export capacity you start chirping about how Russia does not have it. You basically outed yourself as a
    NATzO fanboi.
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    Post  magnumcromagnon on Fri Mar 06, 2020 3:22 pm

    kvs wrote:
    Rodion_Romanovic wrote:Russia does not have yet the capacity (i do not know about the land infrastructure (believe a new LNG terminal has been built in Ust luga, the new mega port in the baltic west of saint Petersburg,  but I do not know about its capacity) but for sure gasprom flot does not have enough LNG carrier to cover all the gas currently transported via pipelines.

    Anyway nord stream 2 has been built at 97%, it would be silly not to complete it, even it there was one year delay.

    And even if Poland and the baltic statelets (and Lukashenko's fiefdom) are against it, there is enough request from Germany and other sane states for natural gas at good price and without political string attached (instead of the american "freedom" LNG) to justify the use of nord stream 1 and 2.

    Also turkstream will continue to be very useful.
    Even more if turkey overplay its hand and the marmara region becomes a greek speaking Russian protectorate...

    Russian Oil and Gas Industry: News #2 - Page 12 Marmara-1100

    Your post is a total non sequitur to what I posted.  Russia's LNG export capacity has absolutely nothing to do with the
    shopping for gas from suppliers other than Russia.  Instead of properly linking the fact the pompous yanquis do not
    have the export capacity you start chirping about how Russia does not have it.  You basically outed yourself as a
    NATzO fanboi.  

    Not only does the US not have sufficient supply of LNG, they're buying records numbers of LNG from Russia....probably to re-brand it as Freedom Gas lol!
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    Post  JohninMK on Fri Mar 06, 2020 3:40 pm

    kvs wrote:

    With no fanfare the Admiral Vinogradov anti-submarine cruiser departed from Vladivostok on February 9th.   It is appears it will
    escorting the Russian pipe laying ship being dispatched to the Baltic Sea from the far east.  


    Already on the way.

    ANCHORS AWEIGH
    @arleighburke511
    ·
    7h
    Russian tug NIKOLAY CHIKER in Celtic Sea area heading south possibly to meet Russian warship heading northwards.



    Mind you, if the Russians thought the pipe layer was at risk they would have kept the Admiral Grigorovich in the eastern Med to escort it instead of it just leaving the Med westbound past Gibraltar.
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    Post  Rodion_Romanovic on Fri Mar 06, 2020 3:53 pm

    kvs wrote:
    Rodion_Romanovic wrote:Russia does not have yet the capacity (i do not know about the land infrastructure (believe a new LNG terminal has been built in Ust luga, the new mega port in the baltic west of saint Petersburg,  but I do not know about its capacity) but for sure gasprom flot does not have enough LNG carrier to cover all the gas currently transported via pipelines.

    Anyway nord stream 2 has been built at 97%, it would be silly not to complete it, even it there was one year delay.

    And even if Poland and the baltic statelets (and Lukashenko's fiefdom) are against it, there is enough request from Germany and other sane states for natural gas at good price and without political string attached (instead of the american "freedom" LNG) to justify the use of nord stream 1 and 2.

    Also turkstream will continue to be very useful.
    Even more if turkey overplay its hand and the marmara region becomes a greek speaking Russian protectorate...

    Russian Oil and Gas Industry: News #2 - Page 12 Marmara-1100

    Your post is a total non sequitur to what I posted.  Russia's LNG export capacity has absolutely nothing to do with the
    shopping for gas from suppliers other than Russia.  Instead of properly linking the fact the pompous yanquis do not
    have the export capacity you start chirping about how Russia does not have it.  You basically outed yourself as a
    NATzO fanboi.  
    you continue to accuse me of something i never said, both here and in the other thread.


    I only wrote that, while it is true that Russia is exporting LNG and building new infrastructure for it, it cannot (yet) replace the whole amount of gas transit via pipelines with LNG.

    Russia has currently the Gas contracts and committments to Europe, not the US. In your opinion Russia should just behave like the US and consider committments like toilet paper.



    I believe you are just angry with the world because not everybody thinks in the same way as you. Yes Russia is playing a partially rigged game (rigged by US and some other western financial elites) but until now it's trying not to descend to the same level of pettiness.

    Politics and business is not done only when people agree on everything. It is often a compromise.

    Yes US most probably does not have the capacity of replacing Russian gas. However there are huge Gas quantities in Lybia, in the persian gulf (split between qatar and Iran) and in the east med, (around cyprus and in israeli's waters).

    They are not yet available right now, but be sure that if Russia behaves like you would like to, they will soon find a way to replace it. As an example, for sure US would prefer to have Israel or qatar provide a chunk of the gas quantity now provided by Russia.

    You are like the joke where the husband cuts his own balls just to annoy his own wife...

    What you propose reminds me of the smart decisions and announcements from ukrainian and polish leadership.


    Russia has until now shown that it is a reliable supplier and does not use a good business as a weapon against its commercial partners.

    Once you lose market quota, it is much more difficult to regain them. European companies did this mistake when, thanks to the sanctions and countersanctions, lost the access to the lucrative russian markets. When the sanctions will eventually be dropped they will have to start from scratches and compete with the companies that in the meanwhile control the market.
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    Post  GarryB on Sat Mar 07, 2020 2:13 am

    You are like the joke where the husband cuts his own balls just to annoy his own wife...

    What you propose reminds me of the smart decisions and announcements from ukrainian and polish leadership.


    Russia has until now shown that it is a reliable supplier and does not use a good business as a weapon against its commercial partners.

    Once you lose market quota, it is much more difficult to regain them. European companies did this mistake when, thanks to the sanctions and countersanctions, lost the access to the lucrative russian markets. When the sanctions will eventually be dropped they will have to start from scratches and compete with the companies that in the meanwhile control the market.

    I agree with what you are saying, but when the customer acts like a total censored , instead of pandering to their whims and accepting their complaints without question... (specifically Russia getting blamed when Ukraine stole gas intended for the EU customers... or in fact Russia getting blamed for using energy supply as a weapon when it clearly has never done so)...

    I think we are getting to a point where anything Russia does will give it a bad reputation because this customer can do no wrong and Russia can do nothing right in their eyes... there comes a point where Russia perhaps should say enough is enough... Europe is a bad customer and there are plenty of other countries that will buy Russian gas and not give Russia shit over it. Russia makes money selling gas to Europe, and if Russia turns its back on Europe as a customer the dual situation of Europe taking some time to replace Russia and also Russia taking some time replacing Europe means both sides will be hurting for a bit, but in the end Europe will find other sources and bitch and moan and be censored to other suppliers, and Russia will find countries that want to trade and don't want to moan and would like for Russia to take measures to ensure good supply of their product even if it means helping them with support and handling of gas products in liquefied form.

    The real point is that Russia is bending over backwards to supply cheap and reliable gas supplies to a customer that hates them... fundamentally hates them... calls them a bigger threat that ISIS or a deadly virus... so Russia needs to wonder... with all this gas to sell... are they selling it to the right people?

    What Russia should do is continue to sell to Europe while they can because money is money but they also need to expand their shipping capacity and production capacity of LNG and expand the countries they sell to... right now the UK and US are buying Russian gas... in LNG form because they need gas and Russian gas... even Russian LNG is the cheapest option... which suggests if they want to increase their capacity to produce and distribute LNG they can ease off on their piped capacity to Europe... especially now when it is relatively cheap. They will likely make considerably more money selling gas to Japan and SK and China and other Asian countries which can also be piped cheaply and efficiently but extra amounts can be delivered via ship too. In Africa and central and south america they can expand their exports too... they have the gas... all they need it to expand their ability to liquify it and ship it... and for potential clients to receive it and distribute it within their own markets...

    Screw the west.
    kvs
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    Post  kvs on Sat Mar 07, 2020 4:29 am

    The current sales of natural gas at under $300 per tcm by Russia are equivalent to selling gold for $10 an ounce when its long term
    price is over $3000 per ounce. Clearly, the resident westerners think that this is fair and Russia has no choice. GTFO. Considering
    the criminal abuse Russia is experiencing from EU-tard "customers", Russia needs to slice off the balls of the EU-tards by dialing down
    the exports. I would suggest shipping gas to the EU-tards via LNG format only. Do not waste money on pipelines. And regardless
    of all the screeching from the "Russia does not have the export capacity" chicken little in this thread, that low capacity is perfect
    to make EU-tards drink their own medicine.

    As I said, the EU-tard haters can shop for gas elsewhere. Russia has zero obligation to sell gas to the EU-tards.
    miketheterrible
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    Post  miketheterrible on Sat Mar 07, 2020 5:40 am

    That's the thing. It's Russia's gas, not EU's. So Russia needs to grow the spine and dictate the terms of how it's transported, not EU.
    GarryB
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    Post  GarryB on Sat Mar 07, 2020 6:26 am

    I would however add that I do like the South Stream setup, where it was going to go through Bulgaria but they shot themselves in the foot and it ended up all going to turkey... I think that is ideal.

    Sell the gas to Turkey... no one else... if those european customers want to buy it from Turkey they need to negotiate with Turkey over volumes and prices. Russia can offer Turkey a reasonable price and then Turkey can do with that gas supply anything they like... it greatly simplifies things for Russia... they can just supply Turkey at the full capacity of the pipes... Turkey can decide whether to sell it to the EU or keep it and use it... they can bargain with the EU and not being part of the EU they can name their price because it will always be cheaper than any LNG price but it has not got to be significantly cheaper... they will be able to make quite an income... they will need plenty of storage capacity but if the EU wont buy on their terms Russia can stop pumping and Turkey can use what it has bought already at a good price for a few years or perhaps just a winter or two and then offer to renew talks again with EU.

    It is what colonial european countries used to do... pick a victim... an unhappy member of the community and give them power over those that mistreated them in the past... they will be brutal but know which buttons to push... if everything goes tits up and turkey goes crazy with power then Russia can always cut off the gas supply and take away their power over the EU, but you would expect most of the time supplying Turkey with gas they can then sell to the EU and make money on which gives Turkey some power over the EU.... I suspect Turkey would like that, and would appreciate the income, so being nicer to Russia would make sense for them too to put them into that position.

    It would also mean less interaction between Russia and the EU which I think is critical for Russia and terminal for the EU.

    Russia is much more independent now than it has been in quite some time... I don't blame it for not testing its wings, but I think western sanctions pushing Russia away have greatly accelerated its independence and pushed it to look for other markets and I think it should realise that other markets make a lot more sense because the good ship western hemisphere is taking on water and Russia never slept in a first class cabin so it should not feel it needs to go down with the ship in this case.

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