Remember when Putin cut off EU Ng supplies to the EU?
http://www.nbcnews.com/id/28515983/ns/world_news-europe/t/europeans-shiver-russia-cuts-gas-shipments/
Well, guess what? :biggrin:
The EU is seeking to double imports of liquid natural gas from the U.S. by 2023 as a part of an effort to ease trade tensions.
On Thursday, Energy Secretary Rick Perry encouraged the EU to buy more gas products from the U.S. as an attempt to steer the bloc away from Russian gas imports.
This comes after a 2018 meeting between President Trump and EU commission chief Jean-Claude Juncker to reduce trade barriers in several areas such as car exports.https://www.oann.com/eu-plans-to-seek-double-imports-of-liquid-natural-gas-from-the-u-s-as-trade-lever/
Remember this thread? :biggrin:
Quote from: Solar on November 27, 2014, 02:11:30 PM
What a load of crap! Fracking is more than just oil. It's also the reason were the top exporter of natural gas.
Go ahead Russia and OPEC, believe this nonsense at your own peril.
I sense fear amongst the players that never saw the US taking over production.
OPEC policy on crude production will ensure a crash in the U.S. shale industry, a Russian oil tycoon said.
The Organization of Petroleum Exporting Countries kept output targets unchanged at a meeting in Vienna today even after this year's slump in the oil price caused by surging supply from U.S shale fields.
American producers risk becoming victims of their own success. At today's prices of just over $70 a barrel, drilling is close to becoming unprofitable for some explorers, Leonid Fedun, vice president and board member at OAO Lukoil (LKOD), said in an interview in London.
http://www.bloomberg.com/news/2014-11-27/opec-policy-ensures-u-s-shale-crash-russian-oil-tycoon-says.html (http://www.bloomberg.com/news/2014-11-27/opec-policy-ensures-u-s-shale-crash-russian-oil-tycoon-says.html)
LNG is more expensive than NG. I have no problem with selling US LNG to the EU but wonder why they buy it.
Russia is building the second NG pipeline from Russia to Germany via the Baltic Sea.
Quote from: patentlymn on May 03, 2019, 03:02:01 PM
LNG is more expensive than NG. I have no problem with selling US LNG to the EU but wonder why they buy it.
Russia is building the second NG pipeline from Russia to Germany via the Baltic Sea.
Trump made a deal they "Ahemmm" couldn't refuse. :biggrin:
:lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol:
The E.U. shouldn't get jack.
Quote from: Sick Of Silence on May 03, 2019, 04:11:23 PM
The E.U. shouldn't get jack.
If not then Russia will supply them and we need to keep Russia at bay by not supplying the E.U.
Quote from: walkstall on May 03, 2019, 04:22:22 PM
If not then Russia will supply them and we need to keep Russia at bay by not supplying the E.U.
Yep, this is money that won't be fueling Putin's antics.
Quote from: Sick Of Silence on May 03, 2019, 04:11:23 PM
The E.U. shouldn't get jack.
They shouldn't buy from us why?
Wait a minute. Are we winning?
I don't get why russia went to all that work to put Trump into the white-house instead of hillary :woot: :woot:
Quote from: patentlymn on May 03, 2019, 03:02:01 PM
LNG is more expensive than NG. I have no problem with selling US LNG to the EU but wonder why they buy it.
Russia is building the second NG pipeline from Russia to Germany via the Baltic Sea.
They buy it because it is cheaper than protecting their own asses militarily.
Quote from: s3779m on May 04, 2019, 03:54:21 AM
I don't get why russia went to all that work to put Trump into the white-house instead of hillary :woot: :woot:
:lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol:
(https://conservativehardliner.com/sites/default/files/2019-01/trump_putin-min.jpg)
(https://conservativehardliner.com/sites/default/files/2018-12/putins_plan.jpg)
Remember when Trump went to Some EU meeting back a year or so ago and chastized them on a number 0f issues like for not paying up on NATO, then made the deal to sell them more LNG undercutting Russian prices? All the idiot msm focused on was how Trump alienated our European allies and continued the russian puppet BS....proving again what liars and fools they are
Solar's 2014 comments are the mark!!!
The US is the leading exporter of LNG in the world.
Central/Eastern Europe doesn't want dependence on Russia for its energy.
Hence Poland has contracted w/Chevron to build LNG storage tank farms
at Gdansk on the Baltic to eliminate this.
Additionally, this will allow Poland to export into South Eastern Europe and
the Caucuses, once pipelines are constructed.
Once fatso Merkel gets the boot, Germany will surely wake up!
Quote from: Walter Josh on May 05, 2019, 01:02:46 PM
Solar's 2014 comments are the mark!!!
The US is the leading exporter of LNG in the world.
Central/Eastern Europe doesn't want dependence on Russia for its energy.
Hence Poland has contracted w/Chevron to build LNG storage tank farms
at Gdansk on the Baltic to eliminate this.
Additionally, this will allow Poland to export into South Eastern Europe and
the Caucuses, once pipelines are constructed.
Once fatso Merkel gets the boot, Germany will surely wake up!
Spot on, a perfect example of free Mkt concepts in action. Russia will be forced to drop their prices, the OPEC cartel will no longer have the ability to control the mkt.
Socialist countries that nationalized their oil will now be forced into considering a bit of capitalism in other areas.
Trump is forcing a realignment of the
"New world order" that the likes of the Bush family tried to screw us with.
maybe I was wrong. Nordtream pipeline is 1,222 km long.
Its generally considered that any distance longer than 3500 km overland or 600 km offshore, pipelines are more expensive than LNG. LNG is very capital intensive to produce as you need large, expensive LNG liquefaction plants in order to make Natural Gas a liquid. In a sense, they are giant refrigerators.
The link below is from 2016. I guess the price comparison is complicated.
https://oilprice.com/Energy/Gas-Prices/Gazprom-Braces-For-Gas-Price-War-With-US-LNG.html
...
Gazprom's cost to export gas to Europe stands at $3.50 per million Btu (MMBtu), according to figures from OIES. That easily undercuts the cost of landing LNG in Europe from the U.S., which OIES says costs American exporters $4.30/MMBtu. Even that is probably generous – other estimates peg U.S. LNG export costs to Europe at somewhere around $5/MMBtu for liquefaction and transportation, plus the cost of procuring the gas from U.S. gasfields, which today runs a little bit above $2/MMBtu.
The OIES report studies several scenarios facing Gazprom and finds that flooding the market with gas, while depressing prices, will result in more revenues for the gas giant over the next several years. By pushing prices down below the short run marginal cost of production for U.S. LNG, Russia could protect its customer base and make up for lost revenues by holding onto market share. Sitting back and not waging a price war, on the other hand, would result in $25 to $40 billion less in revenues over the next five years for Gazprom as imported LNG makes inroads in Europe.
But the calculus is a bit more complicated than that. ....
Once it hits the Mkt, the story changes. That's why we have contracts because prices spike, they drop, contracts guarantee price control regardless.
Wars, embargoes, new sources, they all impact pricing, so a two year contract is a guarantee and allows Mkts to stabilize.
Spot Prices
(https://www.eia.gov/naturalgas/weekly/archivenew_ngwu/2019/04_25/img/20190425_NGSP.png)
https://www.eia.gov/naturalgas/weekly/archivenew_ngwu/2019/04_25/
Quote from: Billy's bayonet on May 05, 2019, 06:53:02 AM
Remember when Trump went to Some EU meeting back a year or so ago and chastized them on a number 0f issues like for not paying up on NATO, then made the deal to sell them more LNG undercutting Russian prices? All the idiot msm focused on was how Trump alienated our European allies and continued the russian puppet BS....proving again what liars and fools they are
:lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol:
I loved that....
https://www.youtube.com/watch?v=liGZGGQTYQk
If Germany wants to be dependent on Russian gas so be it.
Germany is destroying their own electrical capacity in favor or wind and solar. Their problem, not ours. If they freeze in the dark that will be a good example to DeBlasio and AOC.
Also, did I read that the US does not have any LNG tankers? Some story said that Boston could not import LNG from the US because of the Jones Act. They import LNG from foreign countries using forign LNG tankers.
Quote from: patentlymn on May 06, 2019, 10:36:53 AM
If Germany wants to be dependent on Russian gas so be it.
Germany is destroying their own electrical capacity in favor or wind and solar. Their problem, not ours. If they freeze in the dark that will be a good example to DeBlasio and AOC.
Also, did I read that the US does not have any LNG tankers? Some story said that Boston could not import LNG from the US because of the Jones Act. They import LNG from foreign countries using forign LNG tankers.
-----------------------------------
An observation.
Germany has never been dependent on Russia for anything;
having thrashed them militarily in 1914 and again in 1939,
while continually dominating them economically.
Germany and most of Europe is in a down cycle currently due
to buffoons such as Merkel, Macron, May and the rest, who are
their self labeled "leaders".
Hopefully that will change sooner rather than later.
Quote from: patentlymn on May 06, 2019, 10:36:53 AM
If Germany wants to be dependent on Russian gas so be it.
They don't want to be dependent, which is why they signed a contract with the US for LNG.
QuoteGermany is destroying their own electrical capacity in favor or wind and solar. Their problem, not ours. If they freeze in the dark that will be a good example to DeBlasio and AOC.
Boggles the mind, doesn't it? Talk about self inflicted pain... :biggrin:
QuoteAlso, did I read that the US does not have any LNG tankers? Some story said that Boston could not import LNG from the US because of the Jones Act. They import LNG from foreign countries using forign LNG tankers.
We do have LNG tankers, we just haven't built any new ones since the late 80s, and I don't see this as an issue, I see potential for new construction jobs. :thumbup:
Oh, and the reason it appears that we don't have any LNG Tankers, is because we allow a majority of our ships to register under other nations, so as not to be a target on the high seas. Anyway, that has always been the excuse, when in fact, registering under the US is far more costly.
Just another RINO sellout idea that made them money.