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He wanted to sell US LNG. Not more and not less. Russia delivered gas to Western Europe for 60 years, the US could not guarantee LNG deliveries for 2 years [0]
by KingOfCoders 3y ago
He wanted to sell US LNG. Not more and not less. Russia delivered gas to Western Europe for 60 years, the US could not guarantee LNG deliveries for 2 years [0]
Hopefully the traffic through the Panama canal goes down so Europe can still get US LNG that would otherwise end up in Asia.
[0] https://www.reuters.com/business/energy/us-lng-export-pause-leaves-eu-industry-odds-over-energy-security-2024-02-02/ https://www.reuters.com/business/energy/us-lng-export-pause-...
- rmbyrro 3y agoAnd now US LNG exports to Germany are booming: ~30x (!!!) from 2022 to 2023 [1]. Seems like there wasn't a better other option anyway, was there? Before invading Ukraine, Putin was arguably banking on the fact that he had Europe on his hands, not only for economic activity, but for survival during winter. He clearly didn't expect the way Europe responded. Maybe the invasion wouldn't have happened in the first place if Europe would have already demonstrated strength and energy independence in the first place? [1] https://www.eia.gov/dnav/ng/NG_MOVE_POE2_DCU_NUS-NGM_A.htm https://www.eia.gov/dnav/ng/NG_MOVE_POE2_DCU_NUS-NGM_A.htm