Europe is doomed to pay Russia: it will be expensive
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Europe is doomed to pay Russia: it will be expensive
Europe is doomed to pay Russia: it will be expensive – Russia news today
Europe is doomed to pay Russia: it will be expensive
The protracted energy and financial crisis that has gripped the planet has entered the next stage, when they have sufficient resources and resources … RIA, 16.12.2021
2021-12-16T08: 00
2021-12-16T08: 00
2021-12-16T07: 58
economy
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natural gas
Lithuania
Europe
joe biden
European Commission
baltics
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The protracted energy and financial crisis that gripped the planet logically entered the next stage, when those with sufficient resources will begin to reshape the world map. According to the US Energy Information Administration (EIA), the United States is set to rapidly leap forward to become Australia’s largest exporter of liquefied natural gas (LNG) ahead of Australia and Qatar at the start of the coming year. than, for example, the introduction of a hypersonic missile and a new generation nuclear submarine into service – and here’s why. In Europe as a whole, the cost of thousands of thousands of US dollars of natural gas under spot contracts for the cost of one megawatt-hour of the border of the level of two points of the euro. for energy supplies, which are provided by Russian companies as standard. But no, as practice shows, energy and politics live in different, non-intersecting worlds. It became known that the European Commission in the very near future will ban long-term contracts, more precisely. Damage to Russia, which is based on data at the end of 2020, supplies one third of all natural gas consumed by Europe. Modern market theory argues that one-time contracts do not allow monopolies (read – Russian) to form and always lead to price reductions. The outgoing year has shown that no rule can be considered an axiom, but Brussels, in its Russophobia, could no longer be stopped. Market players have long watched the birth of this highly political and economically absurd scheme. And their plans were based on new, imperceptible trends. Let’s give the Americans their due. The United States, which is clearly not doing very well in the military after fleeing from Afghanistan, correctly caught the change in the global financial wind. And geopolitical, of course, too – after all, only those who have the resources have weight in the world arena. Today, only Australia and Qatar are ahead, which since the beginning of this year have sold abroad 75.8 and 73.4 million tons of liquefied gas, respectively. For the Americans, the same figure was 66.5 million tons, or 91 billion cubic meters, which is a lot. Moreover, in the coming months, the United States is ready to squeeze out all competitors. Louisiana has already commissioned the sixth line for the production of LNG Sabine Pass with a capacity of 5.2 million tons, and Calcasieu Pass is also on the way – for ten million tons. Moreover, recently the Federal Energy Regulatory Commission (FERC) approved the volume of production at the Corpus Christi plant in Texas. Plans also include the construction of an all-new Golden Pass facility with a launch horizon in 2024. New energy enterprises abroad can be used as additional news. It is allegedly about protecting the environment, reducing coal consumption and curtailing “carbon-intensive industries.” However, for some reason it does not prohibit investments in regasification terminals for receiving LNG. Australia and Qatar think, it is still unknown, but there is no doubt that it will not be easy to give up their market shares and profits. For example, Egypt is trying on a world-class player’s costume. Until recently, its LNG projects stalled – first because of the so-called Arab Spring blazing in the Middle East, and later because of the confrontation with Turkey. However, recently it became known that the Egyptian company EGAS LNG has closed all tender deals until the end of the year inclusive, that is, all Egyptian LNG has been sold out. An energy crisis is underway in a region with rich hydrocarbon reserves. , and took unprecedented steps to achieve this goal. To increase production, Egypt bought gas from Israel – in particular, a gas pipeline was built from the Israeli port of Ashkelon to the Egyptian El-Arish. liquefaction terminals will receive natural gas. However, there is nothing surprising – demand and sky-high prices give rise to supply. But what about Russia, have we really missed everything again? Most recently, Novatek entered into an agreement with foreign investors worth more than $ 20 billion. The joint project “Arctic LNG – 2” implies the construction of a plant for liquefying natural gas, supplies from the Salmanovskoye and Shtormovoye fields, with a total capacity of 19.5 million tons or 27 billion cubic meters. All three production lines are operational by 2025 and will double the amount of LNG produced in Yamal. demographic terms. By default, Russia gets Europe, which, with a persistence worthy of another application, demands the transition to spot contracts and therefore will be forced to pay in excess of the plan with the same Russians. Simply because other LNG is imported to the Old World en masse and not involved. The gas carrier Coral Fungia arrived at the port of Klaipeda the other day and delivered to Lithuania the second consignment of Russian fuel in a week. In the same Lithuania, which are now working its Baltic neighbors, they are trying to resume the transit of electricity from Russia and Belarus.
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economics, authors, natural gas, lithuania, europe, joe biden, european commission, baltics, liquefied natural gas, oil prices, russia