Register

Peak Oil is You


Donate Bitcoins ;-) or Paypal :-)


Page added on April 2, 2022

Bookmark and Share

Gazprom Halts Gas Shipments To Europe Via Critical Pipeline

Gazprom Halts Gas Shipments To Europe Via Critical Pipeline thumbnail

After European nations imported the most gas from Russian sources yesterday in months, scrambling to stock up on supplies as Russian President Vladimir Putin’s deadline to either pay for gas in rubles (or be cut off) came and went, Russian gas giant Gazprom has officially halted all deliveries to Europe via the Yamal-Europe pipeline, a critical artery for European energy supplies.

Instead of flowing toward Germany and the EU, gas supplies on Friday and Saturday started flowing in the opposite direction, according to Gascade, the network operator.

In recent months, the EU has already boosted imports of LNG from the US…

…and despite President Biden’s promise to bolster to exports to the EU (although he stipulated that not all of this additional capacity would come from the US), researchers at Goldman Sachs have already shown that US exports of LNG are already at capacity.

Another problem for pipeline-dependent Europe: the continent presently doesn’t have the infrastructure to allow it to rapidly ramp up imports of LNG, which must be carefully processed and “regassified” before it can be distributed to utilities and other distributors of energy.

A map below illustrates the level of dependence that various European economies have on Russia.

But it’s not just the Germans who must now make due without Russian gas supplies. British energy major Shell is being cut off from Russian supplies in response to the UK’s economic sanctions on Russia, said Dmitry Peskov, the press secretary of Russian President Vladimir Putin.

“London wants to be the leader of everything anti-Russian. It even wants to be ahead of Washington! That’s the cost!” Peskov outlined.

So far, the UK is the only country to have imposed sanctions on Russia’s Gazprombank, through which payments for Russian natural gas are made. The measure effectively denies Britain the ability to pay for the commodity, and has forced Gazprom to walk away from the sales and trading arm. In accordance with Putin’s decree that Russian gas be paid for in rubles, Gazprom has set up foreign-currency accounts for customers where their currencies can be converted into rubles on the Moscow exchange.

Now that Putin is turning up the pressure, the European nations have a difficult choice ahead: either they can play ball and demonstrate to the world that their efforts to wean themselves off of their dependence on Russian energy have been mostly in vain. Or they can face a “catastrophic” economic crisis as energy prices soar, leading to rationing, blackouts and other measures that will make the 1970s oil crisis in the US look like child’s play.

zerohedge



13 Comments on "Gazprom Halts Gas Shipments To Europe Via Critical Pipeline"

  1. Biden’s hairplug on Sat, 2nd Apr 2022 5:30 pm 

    South-Korea is talking about the possibility of a preemptive strike against the North:

    “N.Korea condemns S.Korea’s remarks on military ability, warns of action“

    https://www.reuters.com/world/asia-pacific/nkorea-condemns-skoreas-remarks-preemptive-strike-issues-serious-warning-2022-04-02/

    Everybody is getting a little nervous, lately.

  2. DeathByTortureIsWhatYouWillGet on Sat, 2nd Apr 2022 10:27 pm 

    One way to fuck up this fake reality is to encourage and accelerate entropic decay, or if you want accelerate the deterioration of everything.

    I think we should pay people to stay home. If people can make enough money to stay home, nobody will bother to have a job. If nobody works as plumber carpenter, car mechanic entropic decay will accelerate and bring the whole system down.

    This is so many way to shut down earth. One is to play with the energy equation. Forcing people to drive EV car, is one example.

    Second way to shutdown earth is to use the entropic decay already build into earth realm. If we don’t maintain anything, water treatment plant, electrical grid, road, everything will deteriorate until it becomes unusable and the trade and economical system collapse because of entropic decay.

    I was so constipate that I had to give my self an enema. I am more and more convince that there is no energy in food, and food is a way to torture the human body. The human body is just a torture device. Earth is torture chamber. You find all the species being this and exterminate all of them,
    whole specie.

    People managing earth are basically psychopaths and need to found and torture to death.

  3. UglyInsects on Sun, 3rd Apr 2022 1:53 am 

    Fucking ugly mother fucker insects. Even your kids are ugly as fuck. THis is just the beggining. Wait until your face starts to bleed from skin cancer

    https://www.youtube.com/watch?v=PmNyNJFCugo

  4. Baby Peanut on Sun, 3rd Apr 2022 6:56 am 

    Inside Ukraine 44 out of 1395 natural gas distribution stations (GDS) in Kharkiv, Luhansk, Kyiv, Donetsk, Zaporizhzhia, Kherson, and Mykolaiv regions of Ukraine are shut down due to the war resulting in widespread blackouts.

  5. Dooma on Sun, 3rd Apr 2022 9:51 pm 

    Coming soon to Europe – freezin’ season.

  6. Cloggie on Mon, 4th Apr 2022 7:34 am 

    “Coming soon to Europe – freezin’ season.”

    https://www.weatherpro.com/en/netherlands/north-holland/amsterdam/forecast

    Freezing is over for 7 months or so, but after that, very well possible indeed. Ideal conditions to finally overthrow the old pro-US order and move from the cold into the warmth, by paradoxically turning towards Russia. Hungary and Serbia gave the good example last night.

    Btw, the Netherlands still has 1000 billion = 1 trillion euro worth of natural gas reserves left. The clogs will be fine, as usual.

    My alma mater, last month:

    https://www.tue.nl/nieuws-en-evenementen/nieuwsoverzicht/24-03-2022-groningen-is-het-saudi-arabie-van-europa/

    “Groningen is the European Saudi-Arabia”

    De sleutel voor een soepele Europese energietransitie die ons minder afhankelijk maakt van Rusland ligt in de provincie Groningen, zegt Smeulders. “Groningen is het Saudi-Arabië van Europa als het gaat om gas. We hebben er zelf voor gekozen om het Groningse gasveld te sluiten en ons afhankelijk te maken van buitenlandse aanvoer, terwijl er tegen de huidige waarde voor ten minste 1000 miljard euro aan gas in de grond zit. Dat is drie jaar de volledige Nederlandse rijksbegroting.”

    Dutch gas production has been reduced over the last years because of soil subsidence and subsequent damage to real estate…

    https://www.ad.nl/binnenland/overheid-in-groningen-vecht-gaswinning-aan-bij-hoogste-rechter~a847d647/

    …but new technologies have arrived, that consists of pumping back neutral gases like N2, CO2 or air, back into the soil.

    And now with Ukraine drama, the pumping might be resumed.

    We can buy a lot of offshore wind parks for 1000 billion euro, more than enough to solve all our energy problems and complete the renewable energy transition for 100% 🙂

  7. Cloggie on Mon, 4th Apr 2022 7:59 am 

    Austria refuses to join in possible EU anti-Russian energy sanctions:

    https://twitter.com/JoostNiemoller/status/1510963988896665604?s=20&t=KVGsIH1ixlr8G-Yf8ucJvw

  8. Baby Peanut on Tue, 5th Apr 2022 9:09 am 

    Germany Energy Company Must Pay 40% for Natural Gas now

    Vancouver, BC, April 05, 2022 (GLOBE NEWSWIRE) — Trillion Energy International Inc. (“Trillion” or the “Company”) TCF (Frankfurt: Z62) recently received a price increase for sales of natural gas from its SASB gas field to USD $17.93/mcf. The price increase is effective April 1, 2022.

    During the first quarter of 2022, prices hovered in the USD $13/mcf range, thus, the increase is about 40%. In contrast, the average natural gas sale price received during 2021 was approximately USD $8.84/mcf.

  9. Baby Peanut on Tue, 5th Apr 2022 9:10 am 

    Germany Energy Company Must Pay 40% MORE for Natural Gas now

    Vancouver, BC, April 05, 2022 (GLOBE NEWSWIRE) — Trillion Energy International Inc. (“Trillion” or the “Company”) TCF (Frankfurt: Z62) recently received a price increase for sales of natural gas from its SASB gas field to USD $17.93/mcf. The price increase is effective April 1, 2022.

    During the first quarter of 2022, prices hovered in the USD $13/mcf range, thus, the increase is about 40%. In contrast, the average natural gas sale price received during 2021 was approximately USD $8.84/mcf.

  10. Cloggie on Tue, 5th Apr 2022 3:56 pm 

    Siemens has taken its furst 15 MW windturbine in production:

    https://rtde.site/wirtschaft/135490-siemens-gamesa-produziert-erste-236/

  11. Outcast_Searcher on Thu, 7th Apr 2022 8:13 pm 

    Good old zero hedge. Calling out 10 thousand of the last 7 catastrophes over the past 14 years or so. LOL

    It’s April. They’ve stocked up to some extent.

    Now what’s important is that they get SERIOUS and arrange for a steady supply and storage by next fall, and not dilly-dally around and get themselves in trouble by procrastinating.

    Putin has shown himself as an untrustworthy thug. Best to accept that and deal with the reality vs. staying dependent on his whims and lying.

  12. Outcast_Searcher on Thu, 7th Apr 2022 8:14 pm 

    Baby Peanut: Energy prices have risen. Gee. Who knew? /s

    Have you looked at, say, crude oil prices lately? Or electricity prices, generally lately? /s

  13. [email protected] on Mon, 11th Apr 2022 12:00 pm 

    Thank you for nice information. Please visit our web:

    Click Here
    Click Here

Leave a Reply

Your email address will not be published. Required fields are marked *