0 Members and 1 Guest are viewing this topic.
Russian Gas Pivot Toward China Will Ease Europe’s Energy Crunch Record Russian gas flows to curb Chinese LNG demand: Accenture Demand destruction in Europe will also help lower gas pricesAnna ShiryaevskayaJuly 29, 2022 at 10:11 AM EDTRussia is boosting natural gas shipments to China as it curbs flows to Europe, a dynamic that may offer some respite from the unprecedented rally in energy costs, according to consultant Accenture Plc.Gas prices in Europe soared after Russia slashed supplies to its biggest market following the invasion of Ukraine and imposition of Western sanctions. At the same time, Gazprom PJSC is shipping record volumes by pipeline to China, easing overall demand for liquefied natural gas and helping to balance the market, said Ogan Kose, a managing director at Accenture. “What will make a significant impact is Russian gas being supplied to China,” Kose said in an interview this week. “China’s demand for LNG imports will drop as a result of that, easing prices globally.” ...The risk of global recession will also curb gas consumption, with demand shrinking as much as 16% in the European Union next year, according to Accenture. The EU is already urging a 15% reduction in gas use through the winter, while French utility Engie SA reported that clients are cutting gas use. “The combination of demand destruction in Europe and Asia and Russian gas finding new outlets will bring gas prices down in the mid-term,” Kose said. “If the winter is worse compared to previous winters, it will keep prices high for a while, but the high price environment is not sustainable in the long term.” ...
China is reselling natural gas to energy-strapped Europe as its economic slowdown leaves it with a surplus, report saysHarry Robertson24 hours ago China is reselling natural gas to Europe as an economic slowdown leaves it with a surplus, Nikkei reported. Europe faces a severe energy crisis after Russia slashed the flow of gas to the continent. China's economy is slowing under the weight of a property crisis and a strict zero-COVID policy.China's economic slowdown has left it with a surplus of natural gas that it is re-selling to energy-strapped Europe, according to a report.Boosted by cargoes from China, Europe's imports of liquefied natural gas jumped 60% year-on-year in the first half of 2002, according to a Nikkei report citing data from research firm Kpler. ...
Bump...A Must watch...... TC nailed the fundemental elements of the Enviro-scam to a "T"
https://www.youtube.com/watch?v=Zn6c-UkqlHo&ab_channel=FoxNews
Burning green wood is horrible for the environment. Not even joking. Needs to be properly aged.
And Ukraine.
Global Climate Change is a political and economic ideology that seeks to destroy Western civilizations from within.Why else can Biden justify that its okay to buy oil from Iran, Saudi Arbia, Venezuela, and UAE, but not from America?
