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If the US sanctions Russian oil, gas prices in America go up slightly, and the difference will be made up by sourcing from other countries or scaling up more sh
by mannerheim 5y ago
If the US sanctions Russian oil, gas prices in America go up slightly, and the difference will be made up by sourcing from other countries or scaling up more shale drilling. Politically speaking, it is something American politicians will be able to risk more than German politicians can risk shutting down something like NS2, since without it and NS (which passes through Ukraine), gas cannot reach Germany, which is why Germany has vehemently opposed sanctions on NS2. Germany hasn't even bothered constructing any LNG terminals[0], something which Poland and Lithuania specifically did in fear of Russian aggression. Yes, there aren't American sanctions on Russian gas/oil yet, but that's something that's entirely able to change.
[0]: 'Plans for construction of first German LNG terminal plagued by delays and uncertainty' https://www.cleanenergywire.org/news/plans-construction-first-german-lng-terminal-plagued-delays-and-uncertainty https://www.cleanenergywire.org/news/plans-construction-firs...
- tmalsburg2 5y agoYou write that without NS and NS2 gas cannot reach Germany. This is incorrect. Only about third of German gas imports are from Russia. 31% are from Norway, 22% from the Netherlands, and the rest from other sources. Gas from Norway and the Netherlands does not enter through either NS or NS2.
- mannerheim 5y agoPerhaps, but the real question is how easily can Germany make up that difference. From the way German politicians have reacted over the past years on matters pertaining to Russian gas, the implication seems to be that there's a genuine fear that there will either be gas shortages or severe price hikes.
- LargoLasskhyfv 5y agoWe just use the ones in Belgium and the Netherlands. (Zeebrugge/Rotterdam) HONK, HONK, PDF-warning! https://www.gie.eu/publications/maps/gie-lng-map/ https://www.gie.eu/publications/maps/gie-lng-map/ What do I see? Pipeline to me! Whee! Singing voice: "So connected, totally unexpected..." kthxbaiii