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35
RWSGFY
2020 Apr 20, 4:11pm
RWSGFY
2020 Apr 20, 4:11pm
The pipe layer which was coming from Far East to save the dying Nord Stream 2 project has suddenly changed its destination to Port Said:
Capitulation?
Capitulation?
36
RWSGFY
2020 May 26, 12:10pm
RWSGFY
2020 May 26, 12:10pm
(Bloomberg) -- Natural gas flows from Europe’s biggest supplier slumped after a price rout and with storage sites at above-average levels.
Flows from Russia via the Yamal-Europe pipeline that runs across Belarus and Poland to Mallnow, Germany, slumped to zero Tuesday after a sharp decline since Sunday. Shipments into Baumgarten in Austria, a major European hub for Russian gas, fell by 25% from its 10-day average.
Gazprom PJSC said it continues to use the Yamal-Europe link, with actual volumes depending on client requests. Operators Gascade Gastransport GmbH and Gas Connect Austria GmbH have not notified the market of any currently planned or unplanned works.
“Such a significant reduction in gas transit is primarily driven by weak demand in Europe amid warm winter, high levels of gas in underground storage and demand distortion due to Covid-19,” VTB Capital said in a note.
The European gas market has been watching for signs when key producers Russia and Norway will start curbing flows as an unprecedented glut keep on growing. Prices at the Dutch Title Transfer Facility, Europe’s biggest traded market, plunged as low as 3.365 euros a megawatt-hour last week, or $40.7 per 1,000 cubic meters. Those levels indicate that the economics have deteriorated even for low-cost producers such as Gazprom.
“We note that on average Gazprom pays around $47 per 1,000 cubic meters of transit costs for pipelines other than Nord Stream, including via Ukraine, where the company has ship-or-pay obligations,” VTB Capital said.
https://finance.yahoo.com/news/russian-gas-flows-europe-plunge-120744971.html
Flows from Russia via the Yamal-Europe pipeline that runs across Belarus and Poland to Mallnow, Germany, slumped to zero Tuesday after a sharp decline since Sunday. Shipments into Baumgarten in Austria, a major European hub for Russian gas, fell by 25% from its 10-day average.
Gazprom PJSC said it continues to use the Yamal-Europe link, with actual volumes depending on client requests. Operators Gascade Gastransport GmbH and Gas Connect Austria GmbH have not notified the market of any currently planned or unplanned works.
“Such a significant reduction in gas transit is primarily driven by weak demand in Europe amid warm winter, high levels of gas in underground storage and demand distortion due to Covid-19,” VTB Capital said in a note.
The European gas market has been watching for signs when key producers Russia and Norway will start curbing flows as an unprecedented glut keep on growing. Prices at the Dutch Title Transfer Facility, Europe’s biggest traded market, plunged as low as 3.365 euros a megawatt-hour last week, or $40.7 per 1,000 cubic meters. Those levels indicate that the economics have deteriorated even for low-cost producers such as Gazprom.
“We note that on average Gazprom pays around $47 per 1,000 cubic meters of transit costs for pipelines other than Nord Stream, including via Ukraine, where the company has ship-or-pay obligations,” VTB Capital said.
https://finance.yahoo.com/news/russian-gas-flows-europe-plunge-120744971.html
37
AD
2020 May 26, 12:19pm
AD
2020 May 26, 12:19pm
.
Strategist says
Its value is based mostly on a commodity. I agree, as Gazprom has to figure out how to become more productive or profitable.
At least it is good news for the German economy which depends a lot on Gazprom for natural gas.
.
Strategist says
Gassyprom does not innovate. It is dependent on the market only. Just like OPEC.
Its value is based mostly on a commodity. I agree, as Gazprom has to figure out how to become more productive or profitable.
At least it is good news for the German economy which depends a lot on Gazprom for natural gas.
.
38
RWSGFY
2020 May 27, 1:12pm
RWSGFY
2020 May 27, 1:12pm
Farewell from US Ambassador Grenell: New threat against Nord Stream 2
The United States is preparing further sanctions against Nord Stream 2.
Berlin Richard Grenell did not make many friends in Berlin, but this was never his intention. The outgoing US ambassador did not come as a diplomat, he came as a banner bearer of the America first ideology of his president Donald Trump - and so he also says goodbye.
In the usual undiplomatic tone, Grenell calls on the federal government to fundamentally rethink its policy on Russia. "Germany must stop feeding the beast while not paying enough for NATO ," he told the Handelsblatt. Grenell had already left Berlin on Sunday. He will probably never come back to Germany.
The Americans have long been bothered by German imports of Russian gas. Above all , they fought the Nord Stream 2 Baltic Sea pipeline with a determination that had long been underestimated in the federal government. At the end of last year, the USA managed to force a construction freeze. Your means: threats of sanction against western specialist companies who lay the pipes on the bottom of the Baltic Sea with their ships. Since then, the Russians have been trying to complete the rest of the pipeline themselves. To do this, they moved two ships to German coastal waters.
The movements of the ships "Akademik Tscherski" and "Fortuna" are suspiciously followed by the United States. Because the Americans expect the Russians to ultimately succeed in completing the pipeline. The next economic policy intervention is therefore already being planned in Washington.
Grenell met with senators and MPs last week. "Further sanctions meet non-partisan approval," he reported. "Despite the election campaign, legislation could go ahead quickly." The Americans' goal: to prevent the pipeline from going into operation, if not construction. It is still unclear what form the new sanctions would take. One possibility would be to threaten companies with trade fines who use special equipment to maintain the pipelines. Sanctions against Russian gas buyers are also discussed in Washington.
https://translate.google.com/translate?sl=de&tl=en&u=https%3A%2F%2Fwww.handelsblatt.com%2Fpolitik%2Finternational%2Fostseepipeline-abschiedsgruss-von-us-botschafter-grenell-neue-drohung-gegen-nord-stream-2%2F25861262.html
The United States is preparing further sanctions against Nord Stream 2.
Berlin Richard Grenell did not make many friends in Berlin, but this was never his intention. The outgoing US ambassador did not come as a diplomat, he came as a banner bearer of the America first ideology of his president Donald Trump - and so he also says goodbye.
In the usual undiplomatic tone, Grenell calls on the federal government to fundamentally rethink its policy on Russia. "Germany must stop feeding the beast while not paying enough for NATO ," he told the Handelsblatt. Grenell had already left Berlin on Sunday. He will probably never come back to Germany.
The Americans have long been bothered by German imports of Russian gas. Above all , they fought the Nord Stream 2 Baltic Sea pipeline with a determination that had long been underestimated in the federal government. At the end of last year, the USA managed to force a construction freeze. Your means: threats of sanction against western specialist companies who lay the pipes on the bottom of the Baltic Sea with their ships. Since then, the Russians have been trying to complete the rest of the pipeline themselves. To do this, they moved two ships to German coastal waters.
The movements of the ships "Akademik Tscherski" and "Fortuna" are suspiciously followed by the United States. Because the Americans expect the Russians to ultimately succeed in completing the pipeline. The next economic policy intervention is therefore already being planned in Washington.
Grenell met with senators and MPs last week. "Further sanctions meet non-partisan approval," he reported. "Despite the election campaign, legislation could go ahead quickly." The Americans' goal: to prevent the pipeline from going into operation, if not construction. It is still unclear what form the new sanctions would take. One possibility would be to threaten companies with trade fines who use special equipment to maintain the pipelines. Sanctions against Russian gas buyers are also discussed in Washington.
https://translate.google.com/translate?sl=de&tl=en&u=https%3A%2F%2Fwww.handelsblatt.com%2Fpolitik%2Finternational%2Fostseepipeline-abschiedsgruss-von-us-botschafter-grenell-neue-drohung-gegen-nord-stream-2%2F25861262.html
39
RWSGFY
2020 Jun 2, 10:47am
RWSGFY
2020 Jun 2, 10:47am
Gas Surplus Is So Big That Russian Flow Cut Can’t Move EU Prices
(Bloomberg) -- The natural gas glut is now so severe that prices hardly move even when Europe’s biggest supplier curbs flows to the region.
Europe is choking with gas as demand slumped in line with the virus-stricken global economy, storage sites are fuller than usual and little respite is seen in liquefied natural gas imports even with benchmark prices near record lows.
As traders watch for signs when key producers such as Russia and Norway start curbing flows, Gazprom PJSC, which has one of the lowest marginal costs of importers to Europe, briefly reduced shipments through a key link via Belarus and Poland. Russia’s move wasn’t enough to give prices a sustainable lift.
“Natural gas demand is very weak and low prices are signaling supply must be cut,” said Trevor Sikorski, a gas analyst at Energy Aspects Ltd. in London. “Prices will stay in a range in which it pressures supplies. Cuts now are keeping prices falling further.”
https://finance.yahoo.com/news/gas-surplus-big-russian-flow-040000772.html
(Bloomberg) -- The natural gas glut is now so severe that prices hardly move even when Europe’s biggest supplier curbs flows to the region.
Europe is choking with gas as demand slumped in line with the virus-stricken global economy, storage sites are fuller than usual and little respite is seen in liquefied natural gas imports even with benchmark prices near record lows.
As traders watch for signs when key producers such as Russia and Norway start curbing flows, Gazprom PJSC, which has one of the lowest marginal costs of importers to Europe, briefly reduced shipments through a key link via Belarus and Poland. Russia’s move wasn’t enough to give prices a sustainable lift.
“Natural gas demand is very weak and low prices are signaling supply must be cut,” said Trevor Sikorski, a gas analyst at Energy Aspects Ltd. in London. “Prices will stay in a range in which it pressures supplies. Cuts now are keeping prices falling further.”
https://finance.yahoo.com/news/gas-surplus-big-russian-flow-040000772.html
41
AD
2020 Jun 2, 3:20pm
AD
2020 Jun 2, 3:20pm
.
That easy to figure out why. At least the Germans have cheap gas to heat their homes in the winter months.
.
That easy to figure out why. At least the Germans have cheap gas to heat their homes in the winter months.
.
42
RWSGFY
2020 Jun 2, 10:48pm
RWSGFY
2020 Jun 2, 10:48pm
Natural Gas May Be the Next Commodity to Trade Below Zero
(Bloomberg) -- The specter of negative prices is hanging over energy markets more than a month after oil’s unforgettable crash below zero.
... the $600 billion global gas market remains extraordinarily oversupplied. Traders and analysts say the worst may be yet to come as demand falls and storage nears capacity, creating the ideal conditions for negative prices in some parts of the world.
It shows just how far the global energy industry is from recovering from a pandemic-fueled slide in demand and signals more pain for producers from the shale fields of Texas to Australia’s Curtis Island. Unlike the oil market, there’s been no sign of a coordinated response to address the glut, meaning the fallout could be deeper and longer.
https://finance.yahoo.com/news/natural-gas-may-next-major-230000786.html
(Bloomberg) -- The specter of negative prices is hanging over energy markets more than a month after oil’s unforgettable crash below zero.
... the $600 billion global gas market remains extraordinarily oversupplied. Traders and analysts say the worst may be yet to come as demand falls and storage nears capacity, creating the ideal conditions for negative prices in some parts of the world.
It shows just how far the global energy industry is from recovering from a pandemic-fueled slide in demand and signals more pain for producers from the shale fields of Texas to Australia’s Curtis Island. Unlike the oil market, there’s been no sign of a coordinated response to address the glut, meaning the fallout could be deeper and longer.
https://finance.yahoo.com/news/natural-gas-may-next-major-230000786.html
44
AD
2020 Jun 28, 12:36pm
AD
2020 Jun 28, 12:36pm
.
I question if we'll see a quick spike in natural gas prices because of the steady reduction in natural gas rigs.
.
I question if we'll see a quick spike in natural gas prices because of the steady reduction in natural gas rigs.
.
47
Eric Holder
2020 Jul 14, 11:11am
Eric Holder
2020 Jul 14, 11:11am
https://www.ft.com/content/ffa48632-7456-4adf-8be1-786ae35b3394?ftcamp=traffic/partner/feed_headline/us_yahoo/auddev&yptr=yahoo
Gazprom has reported its first quarterly loss in more than four years as the coronavirus pandemic slashes gas demand and prices.
A 30 per cent fall in the value of the rouble during the first quarter of 2020 sparked by the oil price collapse compounded a slide in both shipments and prices for the Russian state gas group that is expected to continue throughout the year.
The $1.64bn loss underscores the deep fiscal pain that the Covid-19 pandemic will have on Russia, which is reeling from both an economic recession caused by a domestic lockdown and a global slowdown and a significant reduction in government tax revenues from lower oil, gas and other commodity sales.
Gazprom has reported its first quarterly loss in more than four years as the coronavirus pandemic slashes gas demand and prices.
A 30 per cent fall in the value of the rouble during the first quarter of 2020 sparked by the oil price collapse compounded a slide in both shipments and prices for the Russian state gas group that is expected to continue throughout the year.
The $1.64bn loss underscores the deep fiscal pain that the Covid-19 pandemic will have on Russia, which is reeling from both an economic recession caused by a domestic lockdown and a global slowdown and a significant reduction in government tax revenues from lower oil, gas and other commodity sales.
48
Eric Holder
2020 Jul 16, 12:10pm
Eric Holder
2020 Jul 16, 12:10pm
Pompeo Warns Energy Majors Over New Russian Gas Pipelines
(Bloomberg) -- The U.S. is moving toward sanctions against energy companies involved in Russian pipelines to Europe and Turkey, escalating a threat to punish allies for pursuing projects that the U.S. argues will only benefit Russia.
s Europe’s domestic gas supplies decline, the region is becoming more dependent on imported fuel. The almost 10 billion-euro ($11 billion) Nord Stream 2 project from Russia to Germany is being financed by companies including Royal Dutch Shell Plc, Germany’s Uniper SE and Wintershall AG and France’s Engie SA. Allseas Group SA is helping to expand the Turk Stream link.
“Get out now or risk the consequences,” Secretary of State Michael Pompeo said at the State Department on Wednesday.
Under Wednesday’s move, the administration updated its guidance for companies seeking to abide by the Countering America’s Adversaries Through Sanctions Act, or Caatsa, which is aimed at limiting business with Russia. The new guidance broadens the scope of the sanctions by making clear that more companies than previously thought could face sanctions for their work on the pipelines.
https://finance.yahoo.com/news/pompeo-warns-energy-majors-over-080020531.html
(Bloomberg) -- The U.S. is moving toward sanctions against energy companies involved in Russian pipelines to Europe and Turkey, escalating a threat to punish allies for pursuing projects that the U.S. argues will only benefit Russia.
s Europe’s domestic gas supplies decline, the region is becoming more dependent on imported fuel. The almost 10 billion-euro ($11 billion) Nord Stream 2 project from Russia to Germany is being financed by companies including Royal Dutch Shell Plc, Germany’s Uniper SE and Wintershall AG and France’s Engie SA. Allseas Group SA is helping to expand the Turk Stream link.
“Get out now or risk the consequences,” Secretary of State Michael Pompeo said at the State Department on Wednesday.
Under Wednesday’s move, the administration updated its guidance for companies seeking to abide by the Countering America’s Adversaries Through Sanctions Act, or Caatsa, which is aimed at limiting business with Russia. The new guidance broadens the scope of the sanctions by making clear that more companies than previously thought could face sanctions for their work on the pipelines.
https://finance.yahoo.com/news/pompeo-warns-energy-majors-over-080020531.html
49
Eric Holder
2020 Aug 10, 11:18am
Eric Holder
2020 Aug 10, 11:18am
Moscow. 10th of August. INTERFAX.RU - The average price of Gazprom's gas exports in June 2020 fell to $ 82 per thousand cubic meters from $ 94 in May, follows from the data of the Federal Customs Service of Russia. This price is lower and lower than the price of the break-even level of Russian gas supplies to Europe.
According to Interfax's estimates, the profitable level of exports for Gazprom is at least $ 100 per 1,000 cubic meters: $ 13 - production cost, $ 14 - MET, $ 27 - transportation across Russia, at least $ 20 - transportation to target markets in Europe - over $ 70 in total and then add 30% customs duty. And according to Fitch Ratings, the break-even level is $ 105 per thousand cubic meters.
In January 2020, according to the Federal Customs Service, the average price for Gazprom's export portfolio was $ 162, in February - $ 143, in March - $ 125, in April - $ 109, in May - $ 94 per thousand cubic meters.
Thus, for the second reporting month, Gazprom has been selling gas abroad at a loss.
Gas prices under Gazprom's contracts continued to fall steeply, although spot quotes began to recover from historic lows reached in May.
According to Interfax's estimates, the profitable level of exports for Gazprom is at least $ 100 per 1,000 cubic meters: $ 13 - production cost, $ 14 - MET, $ 27 - transportation across Russia, at least $ 20 - transportation to target markets in Europe - over $ 70 in total and then add 30% customs duty. And according to Fitch Ratings, the break-even level is $ 105 per thousand cubic meters.
In January 2020, according to the Federal Customs Service, the average price for Gazprom's export portfolio was $ 162, in February - $ 143, in March - $ 125, in April - $ 109, in May - $ 94 per thousand cubic meters.
Thus, for the second reporting month, Gazprom has been selling gas abroad at a loss.
Gas prices under Gazprom's contracts continued to fall steeply, although spot quotes began to recover from historic lows reached in May.
50
Eric Holder
2020 Aug 10, 5:46pm
Eric Holder
2020 Aug 10, 5:46pm
TrumpingTits says
... until the S in that acronym goes tits up from overstretching itself. Just like it did last time.
Gazprom is a SOE. So it doesn't matter if it is profitable or not.
... until the S in that acronym goes tits up from overstretching itself. Just like it did last time.
51
Eric Holder
2020 Sep 8, 9:13am
Eric Holder
2020 Sep 8, 9:13am
No Nord Stream 2? No problem for Germany, economists say
FRANKFURT/BERLIN/DUESSELDORF (Reuters) - Abandoning the nearly complete Nord Stream 2 gas pipeline from Russia to Germany could create a legal mess and nudge up energy costs for European households but Germany would cope with any disruption to supplies, economists say.
German Foreign Minister Heiko Maas at the weekend questioned the project -- thus far supported by Germany -- following the suspected poisoning of Kremlin critic Alexei Navalny.
Chancellor Angela Merkel's spokesman reinforced the shift in tone on Monday, saying she shared the view of Maas, who told newspaper Bild am Sonntag: "I certainly hope that the Russians will not force us to change our position on Nord Stream 2."
Their comments cast doubt over the future of a project that is more than 90% complete, scheduled to operate from early 2021 and which would double the capacity of the existing Nord Stream 1 pipeline from Russia to Germany, Europe's largest economy.
Knocking out that additional capacity would put upward pressure on gas prices. But reduced energy demand due to the COVID-19 pandemic, and slack in the German economy, would give Berlin time to work out alternative additional supply sources.
"Germany could easily afford it," Berenberg Bank economist Holger Schmieding said of the possibility of axing the pipeline, describing the impact on economic output as "negligible".
https://finance.yahoo.com/news/no-nord-stream-2-no-164201815.html
FRANKFURT/BERLIN/DUESSELDORF (Reuters) - Abandoning the nearly complete Nord Stream 2 gas pipeline from Russia to Germany could create a legal mess and nudge up energy costs for European households but Germany would cope with any disruption to supplies, economists say.
German Foreign Minister Heiko Maas at the weekend questioned the project -- thus far supported by Germany -- following the suspected poisoning of Kremlin critic Alexei Navalny.
Chancellor Angela Merkel's spokesman reinforced the shift in tone on Monday, saying she shared the view of Maas, who told newspaper Bild am Sonntag: "I certainly hope that the Russians will not force us to change our position on Nord Stream 2."
Their comments cast doubt over the future of a project that is more than 90% complete, scheduled to operate from early 2021 and which would double the capacity of the existing Nord Stream 1 pipeline from Russia to Germany, Europe's largest economy.
Knocking out that additional capacity would put upward pressure on gas prices. But reduced energy demand due to the COVID-19 pandemic, and slack in the German economy, would give Berlin time to work out alternative additional supply sources.
"Germany could easily afford it," Berenberg Bank economist Holger Schmieding said of the possibility of axing the pipeline, describing the impact on economic output as "negligible".
https://finance.yahoo.com/news/no-nord-stream-2-no-164201815.html
52
Eric Holder
2020 Oct 8, 1:12pm
Eric Holder
2020 Oct 8, 1:12pm
Poland fines Russia's Gazprom $7.6 billion over pipeline
WARSAW, Poland (AP) — Polish antitrust authorities have fined Russia's state-owned energy giant Gazprom $7.6 billion (6.5 billion euros) for building the Nord Stream 2 gas pipeline to Germany, saying the project hurts Polish consumers and increases Europe’s dependence on Russian imports.
....
The Polish authorities said the companies failed to obtain the required permission to jointly build and finance the pipeline, saying that violated antitrust laws. The decision obliges the six companies to cancel their contracts for financing the project.
“Carrying out the project is tantamount to breaking the rules of law and of fair competition that will lead to an increased dependence of gas recipients on the internal market on one supplier - Gazprom,” the antitrust office said.
....
https://finance.yahoo.com/news/poland-fines-russias-gazprom-7-102519721.html
WARSAW, Poland (AP) — Polish antitrust authorities have fined Russia's state-owned energy giant Gazprom $7.6 billion (6.5 billion euros) for building the Nord Stream 2 gas pipeline to Germany, saying the project hurts Polish consumers and increases Europe’s dependence on Russian imports.
....
The Polish authorities said the companies failed to obtain the required permission to jointly build and finance the pipeline, saying that violated antitrust laws. The decision obliges the six companies to cancel their contracts for financing the project.
“Carrying out the project is tantamount to breaking the rules of law and of fair competition that will lead to an increased dependence of gas recipients on the internal market on one supplier - Gazprom,” the antitrust office said.
....
https://finance.yahoo.com/news/poland-fines-russias-gazprom-7-102519721.html
53
Eric Holder
2022 Mar 1, 1:22pm
Eric Holder
2022 Mar 1, 1:22pm
What they're saying: "Following the recent geopolitical developments leading to the imposition of U.S. sanctions on Nord Stream 2 AG, the company had to terminate contracts with employees. We very much regret this development," Nord Stream 2 AG — a wholly owned subsidiary of Russia's Gazprom — told Reuters in a statement.
Between the lines: Even as the West and private companies have moved to fully isolate Russia over its unprovoked attack on Ukraine, former German Chancellor Gerhard Schröder — the chairman of the board of Nord Stream 2 AG — has yet to cut his lucrative ties with Russian energy giants.
Members of his office staff have quit in protest, according to Politico.
https://news.yahoo.com/operator-nord-stream-2-files-190612218.html?source=patrick.net
Between the lines: Even as the West and private companies have moved to fully isolate Russia over its unprovoked attack on Ukraine, former German Chancellor Gerhard Schröder — the chairman of the board of Nord Stream 2 AG — has yet to cut his lucrative ties with Russian energy giants.
Members of his office staff have quit in protest, according to Politico.
https://news.yahoo.com/operator-nord-stream-2-files-190612218.html?source=patrick.net
55
richwicks
2022 Mar 1, 1:28pm
richwicks
2022 Mar 1, 1:28pm
Eric Holder says
Hmmm... https://finance.yahoo.com/quote/OGZPY/?source=patrick.net
DIE, MOTHERFUCKING GAZPROM, FUCKING DIE ALREADY!
Hmmm... https://finance.yahoo.com/quote/OGZPY/?source=patrick.net
56
Eric Holder
2022 Mar 1, 1:40pm
Eric Holder
2022 Mar 1, 1:40pm
richwicks says
Good start.
Eric Holder saysDIE, MOTHERFUCKING GAZPROM, FUCKING DIE ALREADY!
Hmmm... https://finance.yahoo.com/quote/OGZPY/?source=patrick.net
Good start.
57
richwicks
2022 Mar 1, 1:42pm
richwicks
2022 Mar 1, 1:42pm
Eric Holder says
All it's going to do is drive up energy prices in Europe and Russia will just reroute energy to China. What? You think Gazprom is going to go tits up? British Petroleum poisoned the entire Gulf of Mexico.
richwicks saysEric Holder saysDIE, MOTHERFUCKING GAZPROM, FUCKING DIE ALREADY!
Hmmm... https://finance.yahoo.com/quote/OGZPY/?source=patrick.net
Good start.
All it's going to do is drive up energy prices in Europe and Russia will just reroute energy to China. What? You think Gazprom is going to go tits up? British Petroleum poisoned the entire Gulf of Mexico.
58
AmericanKulak
2022 Mar 1, 1:51pm
AmericanKulak
2022 Mar 1, 1:51pm
China is the biggest customer for Russian Oil and Gas. $50B worth, twice that of the next European buyer.
"Power of Siberia" already pumps 38B CM3 of Gas to China. Soyuz East will be the same size as Nordstream.
This is just gas, not oil, coal, etc.
"Power of Siberia" already pumps 38B CM3 of Gas to China. Soyuz East will be the same size as Nordstream.
This is just gas, not oil, coal, etc.
59
Eric Holder
2022 Mar 1, 2:23pm
Eric Holder
2022 Mar 1, 2:23pm
richwicks says
We'll see. Tits up, broken into smaller entities or laying on the bottom of Russian Ocean - all fine with me. =))
You think Gazprom is going to go tits up?
We'll see. Tits up, broken into smaller entities or laying on the bottom of Russian Ocean - all fine with me. =))
60
Eric Holder
2022 Mar 1, 2:27pm
Eric Holder
2022 Mar 1, 2:27pm
AmericanKulak says
Good: more market for US LNG.
China is the biggest customer for Russian Oil and Gas. $50B worth, twice that of the next European buyer.
"Power of Siberia" already pumps 38B CM3 of Gas to China. Soyuz East will be the same size as Nordstream.
This is just gas, not oil, coal, etc.
Good: more market for US LNG.
61
richwicks
2022 Mar 1, 2:49pm
richwicks
2022 Mar 1, 2:49pm
Eric Holder says
Yeah! FUCK those Europeans! Double their energy costs!
BTW - this is Moderna's stock:
https://finance.yahoo.com/quote/MRNA?p=MRNA&.tsrc=fin-srch
It's down 75% from its high. The difference is, no way would I consider buying them. Remember when we had that pandemic? Last week?
AmericanKulak saysChina is the biggest customer for Russian Oil and Gas. $50B worth, twice that of the next European buyer.
"Power of Siberia" already pumps 38B CM3 of Gas to China. Soyuz East will be the same size as Nordstream.
This is just gas, not oil, coal, etc.
Good: more market for US LNG.
Yeah! FUCK those Europeans! Double their energy costs!
BTW - this is Moderna's stock:
https://finance.yahoo.com/quote/MRNA?p=MRNA&.tsrc=fin-srch
It's down 75% from its high. The difference is, no way would I consider buying them. Remember when we had that pandemic? Last week?
62
Eric Holder
2022 Mar 1, 3:58pm
Eric Holder
2022 Mar 1, 3:58pm
richwicks says
Bullshit: US gas is very competetive. What's more - it's safe. I agree with Trump: we should have a strong political, military and economical alliance with Europe. Russia can have good relations with us if it chooses to behave like a proper European country or go be a China's bitch if it doesn't.
Good: more market for US LNG.
Yeah! FUCK those Europeans! Double their energy costs!
Bullshit: US gas is very competetive. What's more - it's safe. I agree with Trump: we should have a strong political, military and economical alliance with Europe. Russia can have good relations with us if it chooses to behave like a proper European country or go be a China's bitch if it doesn't.
63
mell
2022 Mar 1, 4:05pm
Eric Holder says
Agreed - and European countries can do business with whomever they want (they may of course lose nato "protection" but that may not be a bad thing at all), incl. Russia.
richwicks saysGood: more market for US LNG.
Yeah! FUCK those Europeans! Double their energy costs!
Bullshit: US gas is very competetive. What's more - it's safe. I agree with Trump: we should have a strong political, military and economical alliance with Europe. Russia can have good relations with us if it chooses to behave like a proper European country or go be a China's bitch if it doesn't.
Agreed - and European countries can do business with whomever they want (they may of course lose nato "protection" but that may not be a bad thing at all), incl. Russia.
64
richwicks
2022 Mar 1, 4:10pm
richwicks
2022 Mar 1, 4:10pm
Eric Holder says
Compressing natural gas, and putting it into ships, to cart over to Europe is not competitive, AT ALL, to a pipeline.
And what do you mean "it's safe"? It's natural gas. Russian natural gas isn't more volatile than US natural gas.
Eric Holder says
Yeah, the oligarchy doesn't give a shit about that. Russia's banking system isn't under the control of the same people that run our banking system or Europe's, and if Russia can't export energy, the US can always do it by stealing it from the Middle East after they kill a few million people and make a profit.
That's all this is about.
Eric Holder says
Dude, we're China's bitch. Look at the clothes you're wearing, the device you're using, the chair you're sitting in, the rug under your feet, even the paint on your walls - where do you think that came from?
Russia has a TRADE SURPLUS. All this crap about "Russia is a poor country" - yeah, maybe measured in terms of GDP, which is a bullshit measurement, which is why the US uses it. The richest country in the world today, is clearly China.
richwicks saysGood: more market for US LNG.
Yeah! FUCK those Europeans! Double their energy costs!
Bullshit: US gas is very competetive. What's more - it's safe.
Compressing natural gas, and putting it into ships, to cart over to Europe is not competitive, AT ALL, to a pipeline.
And what do you mean "it's safe"? It's natural gas. Russian natural gas isn't more volatile than US natural gas.
Eric Holder says
I agree with Trump: we should have a strong political, military and economical alliance with Europe.
Yeah, the oligarchy doesn't give a shit about that. Russia's banking system isn't under the control of the same people that run our banking system or Europe's, and if Russia can't export energy, the US can always do it by stealing it from the Middle East after they kill a few million people and make a profit.
That's all this is about.
Eric Holder says
Russia can have good relations with us if it chooses to behave like a proper European country or go be a China's bitch if it doesn't.
Dude, we're China's bitch. Look at the clothes you're wearing, the device you're using, the chair you're sitting in, the rug under your feet, even the paint on your walls - where do you think that came from?
Russia has a TRADE SURPLUS. All this crap about "Russia is a poor country" - yeah, maybe measured in terms of GDP, which is a bullshit measurement, which is why the US uses it. The richest country in the world today, is clearly China.
65
Eric Holder
2022 Apr 4, 8:41am
https://www.wsj.com/articles/berlin-takes-control-of-gazproms-german-business-11649086113?source=patrick.net
Eric Holder
2022 Apr 4, 8:41am
BERLIN—The German government will temporarily take control of a key unit of Russian state-owned natural gas giant Gazprom PJSC in Germany
https://www.wsj.com/articles/berlin-takes-control-of-gazproms-german-business-11649086113?source=patrick.net
66
AmericanKulak
2022 Apr 4, 10:32am
AmericanKulak
2022 Apr 4, 10:32am
Accumulating Resources and/or Making things is wealth, that's the ultimate purpose of money - to buy those commodities and things.
By that measure, the US is not rich.
By that measure, the US is not rich.
67
Misc
2022 Apr 4, 11:06am
AmericanKulak says
About 90% of the US's GDP is internal to the US. Only about 10% is trade related The amount of GDP that is trade related is among the lowest in the world. We also have the highest GDP in the world and our GDP per capita on a PPP basis is also very high.
We run a trade deficit, but out multi-national corporations' (mostly held by US stockholders) foreign operations dwarf this by a huge amount.
There is about $15 trillion in dollar denominated debt outside the US, As the Fed raises interest rates from near zero, the repercussions will be huge as dollars will become rapidly more needed to pay the interest on this debt.
We are the richest country on earth.
Accumulating Resources and/or Making things is wealth, that's the ultimate purpose of money - to buy those commodities and things.
By that measure, the US is not rich.
About 90% of the US's GDP is internal to the US. Only about 10% is trade related The amount of GDP that is trade related is among the lowest in the world. We also have the highest GDP in the world and our GDP per capita on a PPP basis is also very high.
We run a trade deficit, but out multi-national corporations' (mostly held by US stockholders) foreign operations dwarf this by a huge amount.
There is about $15 trillion in dollar denominated debt outside the US, As the Fed raises interest rates from near zero, the repercussions will be huge as dollars will become rapidly more needed to pay the interest on this debt.
We are the richest country on earth.
68
richwicks
2022 Apr 4, 11:46am
richwicks
2022 Apr 4, 11:46am
Misc says
GDP only measures how much turnover there is within an economy. Its a totally useless metric for wealth of a nation. The only reason the US government CONSTANTLY harps about this is because the US has the highest GDP so our government keeps "mistaking" GDP for wealth.
Misc says
This has been predicted YEARS ago (as one possibility) that before the US dollar blows up, it will go through deflation first, then massive inflation. We'll see. It would be the way to fuck over first people in debt, then to fuck over people who save. It screws the maximum number of people.
We also have the highest GDP in the world and our GDP per capita on a PPP basis is also very high.
GDP only measures how much turnover there is within an economy. Its a totally useless metric for wealth of a nation. The only reason the US government CONSTANTLY harps about this is because the US has the highest GDP so our government keeps "mistaking" GDP for wealth.
Misc says
There is about $15 trillion in dollar denominated debt outside the US, As the Fed raises interest rates from near zero, the repercussions will be huge as dollars will become rapidly more needed to pay the interest on this debt.
This has been predicted YEARS ago (as one possibility) that before the US dollar blows up, it will go through deflation first, then massive inflation. We'll see. It would be the way to fuck over first people in debt, then to fuck over people who save. It screws the maximum number of people.
69
Eric Holder
2022 Apr 4, 12:01pm
Eric Holder
2022 Apr 4, 12:01pm
Italian Foreign Minister Luigi Di Mayo said that after the atrocities in Bucha, Italy will support sanctions against the russian gas
70
Eric Holder
2022 Apr 4, 12:02pm
Eric Holder
2022 Apr 4, 12:02pm
VILNIUS, Lithuania -- Lithuania says it has cut itself off entirely of gas imports from Russia, apparently becoming the first of the European Union's 27 nations using Russian gas to break its energy dependence upon Moscow.
“Seeking full energy independence from Russian gas, in response to Russia’s energy blackmail in Europe and the war in Ukraine, Lithuania has completely abandoned Russian gas,” Lithuania’s energy ministry said in a statement late Saturday, adding that the measure took effect in the beginning of April.
71
richwicks
2022 Apr 4, 12:25pm
richwicks
2022 Apr 4, 12:25pm
Eric Holder says
It's a completely fungible commodity. Reminds me of the sanctions that US supposedly had against Iraq - all that happened is people in powerful places just lied about the sources, and walked around the sanctions and pocketing a few large fortunes in the process.
“Seeking full energy independence from Russian gas, in response to Russia’s energy blackmail in Europe and the war in Ukraine, Lithuania has completely abandoned Russian gas,” Lithuania’s energy ministry said in a statement late Saturday, adding that the measure took effect in the beginning of April.
It's a completely fungible commodity. Reminds me of the sanctions that US supposedly had against Iraq - all that happened is people in powerful places just lied about the sources, and walked around the sanctions and pocketing a few large fortunes in the process.
72
FortWayneAsNancyPelosiHaircut
2022 Apr 4, 5:21pm
FortWayneAsNancyPelosiHaircut
2022 Apr 4, 5:21pm
not sure what this means, will this do anything for our gas prices? They haven't come down yet.
73
RWSGFY
2022 Apr 4, 7:37pm
RWSGFY
2022 Apr 4, 7:37pm
FortWayneAsNancyPelosiHaircut says
No connection whatsoever.
not sure what this means, will this do anything for our gas prices? They haven't come down yet.
No connection whatsoever.
74
richwicks
2022 Apr 4, 10:14pm
richwicks
2022 Apr 4, 10:14pm
RWSGFY says
Yes, we totally live in a free market now that supply and demand is completely disconnected from price..
FortWayneAsNancyPelosiHaircut saysnot sure what this means, will this do anything for our gas prices? They haven't come down yet.
No connection whatsoever.
Yes, we totally live in a free market now that supply and demand is completely disconnected from price..
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"
How Russian energy giant Gazprom lost $300bn.
It was not too long ago that Gazprom, Russia’s state-controlled energy conglomerate, was one of the Kremlin’s most powerful weapons. But those days now seem like a distant memory. Today, Gazprom is a financial shadow of its former self.
The speed of Gazprom’s decline is breathtaking. At its peak in May 2008, the company’s market capitalisation reached $367bn (£237bn), making it one of world’s most valuable companies, according to a survey compiled by the Financial Times. Only fellow Exxonmobile and PetroChina were worth more. Gazprom’s deputy chair Alexander Medvedev repeatedly predicted that within a decade the Russian energy giant could be worth $1 trillion.
That prediction now seems foolhardy. Since 2008, Gazprom’s value has plummeted. In early August it had a market capitalisation of $51bn – losing more than $300bn. No company among the world’s top 5,000 has suffered a bigger collapse, Bloomberg Business News reported in April 2014, and by the end of the year net income had fallen by an astonishing 86%.
Though share prices have rallied slightly since, indicators suggest Gazprom has further to fall. Lingering uncertainty raises questions about whether it can survive, with production continuing to tumble downward.
So what happened? Why is a company with the world’s largest gas reserves, operating in a country bordering China and the European Union – two of the world’s top energy consumers, performing so badly?"
http://www.theguardian.com/world/2015/aug/07/gazprom-oil-company-share-price-collapse