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Europe
Europe can only partially replace Russian gas
2022-01-30
[AlAhram] Russia furnishes over 40 percent of the natural gas Europa
...the land mass occupying the space between the English Channel and the Urals, also known as Moslem Lebensraum...
imports and in the event it invades Ukraine again those supplies could be at risk, throwing into question European countries's ability to keep the heat on in the dead of winter.

Europe, which imports around two-thirds of its natural gas, has alternatives to replace some of what it currently buys from Russia.

Moreover, experts judge it highly unlikely there would be a complete halt to Russian gas deliveries.

THE ALTERNATIVES
"There are pipelines from Norway, Algeria and Azerbaijan, but these countries don't have additional production capacity," said Thierry Bros, a specialist on the European gas market at Sciences Po university in Gay Paree.

That means Europe will need to turn to liquefied natural gas (LNG), which can be delivered by huge sea tankers from suppliers anywhere in the world.

Washington is helping Europe find alternative supplies to cover a majority of Russian imports, and US President Joe The Big Guy Biden
...46th president of the U.S. Joe's wife and daughter weren't killed by a drunk driver. He didn't graduate with three or even two degrees, wasn't in the top half of his law class, and his daddy didn't come home from a hard day's work in the mines and play football with the guys. The NAACP hasn't endorsed him every time he's run. On the other hand, he did abandon Afghanistan...
will host Qatar
...an emirate on the east coast of the Arabian Peninsula. It sits on some really productive gas and oil deposits, which produces the highest per capita income in the world. They piss it all away on religion, financing the Moslem Brotherhood and several al-Qaeda affiliates. Home of nutbag holy manYusuf al-Qaradawi...
's ruler Sheikh Tamim bin Hamad Al Thani at the White House next week.

For LNG supplies, "the three giants today are Qatar, Australia and the United States," said Vincent Demoury, head of the GIIGNL international trade association of gas import firms.

"So it's mostly these three countries which have the flexibility to produce more, or to switch to Europe volumes which traditionally go to other markets," he said.

LNG ONLY A PARTIAL SOLUTION
"We can't replace all the Russian gas with LNG," noted Thierry Bros.

That is because the ports and regasification facilities in Europe (UK included) can only handle 19 billion cubic meters (bcm) per month.

The are currently handling about 8 bcm per month, which means they could take another 11 bcm per month.

That would be able to compensate for most of the 14 bcm per month that Europe is currently receiving from Russia.

But Demoury said it is one thing to look at capacity on an annual basis, and another to look at it in the middle of winter when the utilisation rate of LNG terminals is much higher.

If Spain and Britannia LNG terminals currently have sufficient spare capacity, said Demoury, French terminals are saturated.

UNLIKELY RUSSIA TURNS OFF TAPS
Europe's gas reserves are weak for winter and imports from Russia are at historic lows for the month of January.

But would Russia completely cut off supplies?

"A full suspension of gas exports remains the least likely scenario," said analysts at Eurasia Group.

Such a move "would carry severe long-term risks to Russia's financial stability and its political leverage in Europe as the EU would likely respond by aggressively diversifying its energy supplies," they added.

Thierry Bros said "the Russians don't have any interest in halting deliveries" completely.

Other than Moscow's interest in having money continue to flow into its coffers, maintaining some deliveries "would allow it to create divisions in Europe" as it could continue to supply certain countries like Germany while cutting off others such as Poland and Lithuania.

While that would create political problems for Europe to manage, it would help it get by with additional LNG shipments.

Related: Qatar looks to profit from Europe gas fears over Ukraine
Posted by:trailing wife

#3  we shouldn't be importing any
Posted by: Chris   2022-01-30 09:47  

#2  And the US imported close to 9% of our oil from Russia
Posted by: Spats Phereque4037   2022-01-30 09:35  

#1  About that Israeli - Greek pipeline......
Posted by: Procopius2k   2022-01-30 08:38  

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