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But EU shall not worry because the US can readily supply it at even higher price.

by moltar 5y ago

retrac 5y ago
It's not that there isn't sufficient natgas to offset most of the Russian production. The LPG terminals, pipelines and other infrastructure required for that doesn't exist yet, and even if we started crash construction projects today they wouldn't be online in time to prevent a disruption. That said, such construction clearly needs to start anyway.
- londons_explore 5y ago
  Europe isn't able to do such quick emergency projects anymore. The environmental review to see what kind of salamander's might be woken up by the digging would take years alone.
  - hdjjhhvvhga 5y ago
    Events like a war going on in Europe can change such policies. We have a madman at the door and continuing to finance his war makes us co-responsible. It is the least painful option anyway (the other being letting him to realize his goals of resetting Europe to pre-1997 state as he stated in his recent speech, or direct military conflict with NATO that nobody wants for obvious reasons - and in both cases, climate change would be the least of our worries).
  - nate_meurer 5y ago
    Same in the US.
- coffeefirst 5y ago
  Yes. If it takes two years to get off Russian gas, so be it. Start today. And seize some oligarchs’ assets to help pay for it.
- rectang 5y ago
  The West is looking for ways to impose effective sanctions. Investing in increased trade between the US and Europe which also hits Russia seems like a promising approach. Russia is obviously geographically closer than the US to Europe. Once an investment is made and the infrastructure built, to what extent could American natgas compete with Russian on price if there is a return to normalcy?
  - adventured 5y ago
    US exported LNG can't compete with pipeline gas from Russia on price, nor on volume. There is no answer, unfortunately, in US LNG exports to Europe. That's merely a very small bandaid on a serious energy wound. It's impossible to push US LNG exports high enough to offset the pipeline supply from Russia, no matter what we do. At best it can relieve a bit of the pricing pressure while Europe figures out something else (nuclear, bolstering their own natural gas production, increased renewables).
lumost 5y ago
If the us could feasibly supply the gas via LNG at cost then I’d imagine it would have been done. The best bet would be for all energy suppliers to max production, however there is good evidence that that is already the case due to preexisting energy shortages. Next step would be shutting down energy intensive operations such as bitcoin mining, gold mining, driving, potentially some steel production and shipping activities.

But EU shall not worry because the US can readily supply it at even higher price.

by moltar 5y ago

But EU shall not worry because the US can readily supply it at even higher price.

It's not that there isn't sufficient natgas to offset most of the Russian production. The LPG terminals, pipelines and other infrastructure required for that doesn't exist yet, and even if we started crash construction projects today they wouldn't be online in time to prevent a disruption. That said, such construction clearly needs to start anyway.

londons_explore 5y ago
Europe isn't able to do such quick emergency projects anymore. The environmental review to see what kind of salamander's might be woken up by the digging would take years alone.
- hdjjhhvvhga 5y ago
  Events like a war going on in Europe can change such policies. We have a madman at the door and continuing to finance his war makes us co-responsible. It is the least painful option anyway (the other being letting him to realize his goals of resetting Europe to pre-1997 state as he stated in his recent speech, or direct military conflict with NATO that nobody wants for obvious reasons - and in both cases, climate change would be the least of our worries).
- nate_meurer 5y ago
  Same in the US.
coffeefirst 5y ago
Yes. If it takes two years to get off Russian gas, so be it. Start today. And seize some oligarchs’ assets to help pay for it.
rectang 5y ago
The West is looking for ways to impose effective sanctions. Investing in increased trade between the US and Europe which also hits Russia seems like a promising approach. Russia is obviously geographically closer than the US to Europe. Once an investment is made and the infrastructure built, to what extent could American natgas compete with Russian on price if there is a return to normalcy?
- adventured 5y ago
  US exported LNG can't compete with pipeline gas from Russia on price, nor on volume. There is no answer, unfortunately, in US LNG exports to Europe. That's merely a very small bandaid on a serious energy wound. It's impossible to push US LNG exports high enough to offset the pipeline supply from Russia, no matter what we do. At best it can relieve a bit of the pricing pressure while Europe figures out something else (nuclear, bolstering their own natural gas production, increased renewables).

lumost 5y ago

If the us could feasibly supply the gas via LNG at cost then I’d imagine it would have been done. The best bet would be for all energy suppliers to max production, however there is good evidence that that is already the case due to preexisting energy shortages. Next step would be shutting down energy intensive operations such as bitcoin mining, gold mining, driving, potentially some steel production and shipping activities.