coffeeguyzz wrote: ........
For you folks who have limited knowledge of the hydrocarbon industry - especially those who think scarcity is immanent - this Ohio report, along with last week's Pennsylvania release - should provide hard evidence that the US possesses an almost unfathomable amount of natgas.
Appalachia Rising!!
WHY IS THERE SO MUCH NATURAL GAS SUPPLY?
The Permian is the nation’s largest shale oil field, where production now exceeds more than 4 million barrels per day (bpd). But oil output also produces what is known as associated gas, seen by crude drillers as a waste product to be burned off or “flared” because there are not enough pipelines to remove it.
Construction of new oil and gas pipelines in the Permian has not kept up with output, which has more than doubled over the past three years as the United States has risen to become the world’s largest oil producer.
But while oil can be stored in tanks and transported by truck or train, gas can only be transported by pipe, burned, or if special equipment is available, re-injected into the ground.
Recently, compressor problems on a pipeline in New Mexico exacerbated the problem, as it closed off a key artery for the gas.
HOW MUCH GAS IS BEING FLARED?
It depends on who you ask. Permian drillers flared a record 0.4 billion cubic feet per day (bcfd) in the third quarter of 2018 and are expected to flare at least 0.6 bcfd by mid-2019, according to Oslo-based energy data provider Rystad Energy.
One billion cubic feet of gas is enough to fuel about 5 million U.S. homes for a day.
Permian flaring came to 0.15 bcfd and 0.11 bcfd in 2017 and 2016, respectively, according to Texas Railroad Commission data interpreted by the Environmental Defense Fund (EDF), an environmental group.
sparky wrote:.
Meanwhile in Europe the pipeline wars are full on
Nord stream 2 is being impeded by the Danish environment agency asking for a third assesment on the pipeline route
the Opal pipeline can be used by Gasprom for only 50% capacity ( it's the only supplier )
Turk-stream is nearly finished and the Bulgar government has finally given the OK to the extension toward Serbia
all of this is mere background to the main issue , the renewal of supply transit conditions through Ukraine to the EU
while the EU own gas production is declining
last week tripartite talks ( EU Ukraine Russia ) went nowhere and they will meet again in October
the decade long contract expire in end of December , stopping all other pipelines is creating pressure on Russia
while the Ukrainian position is rather weak in spite of US / Polish support
in the other direction the link to China , called "power of Siberia" is being filled with gas now for final testing
sparky wrote:.
Well , things are moving ,
Denmark has approved the Nord Stream 2 pipeline route through its territorial waters
it seems like the Ukrainian goose if cooked
sparky wrote:.
The Transit fees were used as offset for paying for Russian gas
Ukraine use a lot of it and was thus getting it for "free"
if the volume of transit gas decrease substantially Ukraine will have to pay for it ....a novel experience
for thirty years Kiev as been on the Russian teat
dissident wrote:So the MSM wants to have its cake and eat it too. They claim that the shut-down of transit of Russian gas through Ukraine is really bad for Ukraine, but then claim that Ukraine does not really benefit much from the transit fees.
sparky wrote:.
While the US is twisting European knikers in knots , things are happening at the other end of the world
the "power of Siberia" pipeline will be put on line in December
with a ceremony with Prez Putin and Xijinping in teleconference
Southward the "Turk stream" is being filled and will start pumping , the connection to the European network is going to be through Bulgaria , Hungary and Serbia .it is being worked on now with great dispatch
https://www.businessinsider.com/hungary ... ?r=AU&IR=T
It should be noted that , OH surprise all those supply line will be through Russia friendly countries
obviously someone has been thinking this through for a long while
the tripartite talks between the EU , Ukraine and Russia are painfully slow
Russia has stated that the dropping of the Stockholm arbitration ruling granting some two billions dollar to Ukraine
is quote ...." the main impediment "
Gazprom totally rejected the ruling as absurd likening it to someone being robbed having to pay the robber
pretty soon it will be a question of where and how will Russia send its considerable but not endless resources in gas
sparky wrote:.
While the US is twisting European knikers in knots , things are happening at the other end of the world
the "power of Siberia" pipeline will be put on line in December
with a ceremony with Prez Putin and Xijinping in teleconference
Southward the "Turk stream" is being filled and will start pumping , the connection to the European network is going to be through Bulgaria , Hungary and Serbia .it is being worked on now with great dispatch
https://www.businessinsider.com/hungary ... ?r=AU&IR=T
It should be noted that , OH surprise all those supply line will be through Russia friendly countries
obviously someone has been thinking this through for a long while
the tripartite talks between the EU , Ukraine and Russia are painfully slow
Russia has stated that the dropping of the Stockholm arbitration ruling granting some two billions dollar to Ukraine
is quote ...." the main impediment "
Gazprom totally rejected the ruling as absurd likening it to someone being robbed having to pay the robber
pretty soon it will be a question of where and how will Russia send its considerable but not endless resources in gas
dissident wrote:That Stockholm kangaroo arbitration court ruling is something else. It is the first time ever that the poverty of a party has been used as a reason to demand penalty payments. So poor little Banderastan, foaming at the mouth with hate for Russians, somehow has the right to be paid extra money by Russians. Suck on it, morons.
And the ruling was not based on a contract breach or other precedent. It's pure political theater.
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