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> If someone had predicted Europe would have the LNG supply they do today at the beginning of the war they would have been dismissed as a utopist. Not really.
by vagrantJin 4y ago
> If someone had predicted Europe would have the LNG supply they do today at the beginning of the war they would have been dismissed as a utopist.
Not really. It was always a matter of cost. Losing 30% of gas supply is no laughing matter - and the shock will naturally push governments to willingness to pay above premium prices to stabilize supply.
- asdajksah2123 4y agoEurope can't just "pay above premium prices" to replace Russian gas. It would have been physically impossible to replace the Russian gas (and it still is physically impossible to fully replace Russian gas within 2022) without creating a tremendous amount of infrastructure around getting LNG, which European countries have been incredibly successful at doing so. The progress they've made in creating that infrastructure is beyond what basically anyone would have predicted at the start of the war.
- ShivShankaran 4y ago
- LudwigNagasena 4y agoReplacing gas also means taking it from someone else and, hence, disturbing poor countries.