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THE Natural Gas Thread Pt. 2

General discussions of the systemic, societal and civilisational effects of depletion.

Re: THE Natural Gas Thread Pt. 2

Unread postby dissident » Sat 10 Apr 2021, 15:39:25

EU-rope needs to grow a brain and rather quick. Russia currently has 63.4 billion cubic meters per year of LNG export capacity which will increase to over 190 bcm per year by 2035. At the same time Russia has already built a 62 bcm/year pipeline to China and is building another to be completed in a couple of years. So Russia will be able to shift all of its EU exports to the east. In addition, it will get more money for this gas than from EU ingrates and haters.

The attempt by Washington to force Russia to ship over 50 bcm/year through Banderastan is pathetic. The only reason the EU is getting enough Russian gas now is because Russia is being reasonable. It is time to stop being reasonable with haters and enemies. Let the EU and its American masters deal with the 150 bcm/year gas supply gap. It will be fun to watch as every last bit of LNG from Qatar is routed to the EU and the EU buys Russian LNG. Beggars, especially hate-filled, resentful and violent ones can't be choosers.
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Re: THE Natural Gas Thread Pt. 2

Unread postby JuanP » Tue 13 Apr 2021, 11:30:01

"Western insistence on Russia paying Ukraine rent to use old Soviet-era gas pipelines drives Moscow away from EU & towards China"
read://https_www.rt.com/?url=https%3A%2 ... e-china%2F

"Russia is rapidly becoming less reliant on the rest of Europe, which has profound implications. Cancelling Nord Stream 2 will not make Russia reliant on using Ukraine as a transit state, rather it will make Russia diversify further away from Europe as a consumer. Germany also recognises that maintaining Nord Stream 2 is imperative to maintain a bridge to Russia and prevent the largest, and most powerful, European state aligning itself even closer with China.

The US now sanctions Germany and other European countries for cooperating with the construction of Nord Stream 2, with the reasoning that Washington is protecting Germany and Europe from reliance on Russia.

However, even the circus around the Western-backed opposition figure Alexey Navalny did not culminate in the cancellation of Nord Stream 2, although the continued mid-construction obstruction of the pipeline has already made Moscow view the EU Europeans as unreliable partners, and Moscow is unlikely to agree to another pipeline project to an EU state."

An interesting point, and one I agree with. Whether the Nord Stream 2 pipeline is completed or not, Russia is extremely unlikely to build new pipelines to Europe in the future.

And, once the current transit contract with Ukraine expires in 2024, Russia will renegotiate on its terms or stop using Ukraine as a transit nation for its natural gas. Russia can now send its gas East, West, North, and South, all over the world, both through pipelines and shipped as LNG. In a couple of years Russia won't need Europe for anything at all.
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Re: THE Natural Gas Thread Pt. 2

Unread postby dissident » Tue 27 Apr 2021, 09:01:08

The big plan of Washington to force Russia to subsidize the Banderite Nazis in Kiev is flopping. The smug, ignorant and chauvinistic clowns in Washington never anticipated that Russia could undertake the massive new pipeline projects in the east and the deployment of LNG export capacity of such a scale and short time frame. As with the import substitution in the wake of the 2014 sanctions, these western deciders are totally detached from the reality and wallow in their supremacist fantasies.

Nope, Washington is going to have to feed its quislings in Kiev from its own pocket. Funny how it is so painful for the country that prints dollars by the trillion to throw a few billion of them as crumbs to its pets.
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Re: THE Natural Gas Thread Pt. 2

Unread postby JuanP » Wed 28 Apr 2021, 11:38:33

"All of LNG from Russia’s Arctic for next 20 years sold in advance – Novatek"
https://www.rt.com/business/522332-russ ... greements/

"Russia’s energy giant Novatek said on Wednesday it has inked 20-year agreements with the shareholders of its Arctic LNG 2 project on the sale and purchase of the entire volume of liquified natural gas.
The LNG sales from the plant’s first liquefaction train are planned to commence in 2023, according to the company.

The agreements “provide for LNG supplies from Arctic LNG 2 on FOB Murmansk and FOB Kamchatka basis with pricing formulas linked to international oil and gas benchmarks. The LNG offtake volumes are set in proportion to the respective participants' ownership stakes in the project,” Novatek said.

The company’s chairman of the management board, Leonid Mikhelson, said that “The long-term offtake agreements between Arctic LNG 2 and its participants ensure the future revenue stream from LNG sales and de-risks the project. This represents one of the most important milestones in attracting the project’s external financing that will be completed in 2021.”

Mikhelson said earlier that the Arctic LNG 2 plant is 39% complete and will be launched as planned.

Arctic LNG 2 envisages constructing three LNG liquefaction trains of 6.6 million tons per annum each, as well as cumulative gas condensate production capacity of 1.6 million tons per annum. The total LNG capacity of the three liquefaction trains will be 19.8 million tons. The first train of Arctic LNG 2 is 53% ready and is scheduled to start operations in two years.

Novatek owns the majority stake (60%) in the project, with minority stakes held by foreign companies. The list of foreign investors includes French oil and gas company Total (10%), Chinese firms CNPC (10%) and CNOOC (10%), and the Japanese consortium of Mitsui and JOGMEC (10%).

The project utilizes an innovative construction concept using gravity-based structure platforms to reduce overall capital cost and minimize the project’s environmental footprint in the Arctic zone of Russia, according to Novatek."

Cha ching!
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Re: THE Natural Gas Thread Pt. 2

Unread postby ROCKMAN » Mon 03 May 2021, 13:50:55

Great update Juan.
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