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Russia is also a huge natural gas producer, this could be an attempt to destabilize them by flooding the market with one of their big exports.
by jbob2000 9y ago
Russia is also a huge natural gas producer, this could be an attempt to destabilize them by flooding the market with one of their big exports.
- adventured 9y agoAt a minimum there's definitely demand side diversification, in terms of Europe especially not wanting to not be wholly dependent on Russia. The latest US natural gas boom only began in 2007 and more particularly in 2009-2010. Cheniere Energy's Sabine terminal is what made the new export boom possible (more will come online soon). Prior to them switching that from an import terminal to an export terminal, the US had no practical large-scale export capacity. All this is, is market demand, combined with the US being flooded with natural gas that finally has an export release (with global natural gas prices typically quite higher than the US). I don't see any hints of a master plan to destabilize Russia with LNG exports (besides that it's very unlikely to dent them, if that were the plan the Sabine terminal wouldn't have taken so long). Qatar is the nation that is under most threat from US LNG entering the market and altering the pricing/bidding structure, they've made a vast national fortune off of that not existing (eg China can now use the US LNG supply threat to bludgeon Qatar and others on pricing).
- tryingagainbro 9y agoCouldn't happen to a nicer bunch of blackmailing thugs. Russia overplayed its and and became unreliable--to say the least so alternative were financed out of necessity. https://www.google.com/search?q=russia+gas+winter+cut+off https://www.google.com/search?q=russia+gas+winter+cut+off Let them eat gas.