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Russia sold gas to the EU way below spot prices. Nordstream 2 was in focus because of this. Now that the project is suspended, the EU is importing very expensi
by mccorrinall 5y ago
Russia sold gas to the EU way below spot prices. Nordstream 2 was in focus because of this.
Now that the project is suspended, the EU is importing very expensive Gas from the US.
So basically: the USA gets money for gas, and Russia gets the eastern Ukraine. They both get what they want.
Enjoy the show.
- deleted 5y ago[deleted]
- JPKab 5y ago"The stability of the EU’s energy supply may be threatened if a high proportion of imports are concentrated among relatively few external partners. In 2019, almost two thirds of the extra-EU's crude oil imports came from Russia (27 %), Iraq (9 %), Nigeria and Saudi Arabia (both 8 %) and Kazakhstan and Norway (both 7 %). A similar analysis shows that almost three quarters of the EU's imports of natural gas came from Russia (41 %), Norway (16 %), Algeria (8 %) and Qatar (5 %), while over three quarters of solid fuel (mostly coal) imports originated from Russia (47 %), the United States (18 %) and Australia (14 %)." https://ec.europa.eu/eurostat/cache/infographs/energy/bloc-2c.html https://ec.europa.eu/eurostat/cache/infographs/energy/bloc-2... Doesn't look like US is a significant supplier of natural gas to Europe. Not sure how much capacity the US has at its LNG export terminals either.