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>> I very much think that this contract is what gave Russia the upper hand. When the Western Europe was the majority market gor Russian gas, things were status
by phkahler 5y ago
>> I very much think that this contract is what gave Russia the upper hand. When the Western Europe was the majority market gor Russian gas, things were status quo. Once China starts buying more and more gas from Russia, Russia doesn’t have to please Europe anymore and Europe can impose any sanctions it wants.
Yep. If Europe (and Germany in particular) retaliates with economic warfare (err... sanctions) then Russia will simply turn off Nordstream 1. Options to sell to China instead make this much easier for them to do. Maybe there isn't currently a good way to deliver, but have you seen how fast China can build stuff if they really want to?
This idea of Germany voting not to turn on a pipeline that is currently not turned on is just an attempt to make it look like they're doing something when in fact, they are not doing anything.
- rad_gruchalski 5y agoIndeed. And those who say “yeah, but it’s only 36m cubic meters” kinda gloss over the fact that at any time they can simply ramp up. Those 36m m3 can be just a pilot. Those gas field in Yakutia have half a trillion m3 reserves: > The firm said it expects Yatek’s gas reserves to rise to 567 billion cubic meters in the third quarter of 2022.