American LNG exports are surging, on the back of European demand | FT Energy Source
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- Опубликовано: 19 окт 2022
- Exports have skyrocketed for America’s LNG producers as demand soars, particularly from Europe. Last December, the US became the world’s biggest exporter of this super chilled fuel for the first time. But as the FT’s Justin Jacobs explains, not everyone’s happy about the expansion in output, and the effect it may have on the environment.
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Now we understand who is going to benefit from this war.
You want to make vlad rich or us
That extra large eco guy doesn't understand that the EU is already transitioning to renewable sources of energy and gas is used in power-plants that are used to balance the increased demand during peak hours or when renewables work with decreased efficiency. The rest of the electricity is made from nuclear fission and/or coal. Gas is by far the best medium for this, because all you have to do is light it up and it makes electricity almost instantly - unlike nuclear or even worse coal which has to burn for hours before the expected peak. Yet more coal is the only option without gas. If you stop gas exports, Europe will have to burn more coal. MUCH more coal ... for decades until it builds enough nuclear power plants to replace both coal and renewables because solar + wind and nuclear do not really work well together without either gas or coal to balance them out.
yes its sad so little knowledge people have in the field, like California that wants more electric cars but cannot supply enough power for the ones they have 👏when you elect people who know nothing about the subject of relevance to lead, you get bad decisions.
All that may be true, but I think the take away from this should be the unspeakable immorality of the USA.
Yeah, he looked really impressive at his little presser with 5 people and 10 reporters.
The argument about Europe needed to go green is stupid. They wouldn't be in this position if they hadn't shut down so many nuclear power plants, which are far cleaner than wind or solar.
@@kimmogensen4888 or when windmill-parks in Denmark, can be turned of by a textmessage from it's German/ Dutch buyer. Because they can't distribute the energy or store it. It takes time to build the infrastructure to distribute energy.
@@polybius23 Typical America basher
I want to take a moment to FT for writing about America. Thanks Financial Times Team!
Is it your first time here?
Can we together take NATURAL GAS TO FIRST TGT $5.... Cmp 2.2 $
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Natural gas buy zone?? Should we buy??
Damn… they really did blow up Nordstream…
Who knows? It isn't impossible one of Vlad's warmonger mates was getting pissed off at one of his Russian energy mates saying 'but you are gonna cost me lots of money'....so he just dealt with it.
Did you ever doubt it?
@Achu you say with 0 evidence
Because causing your Allies economic losses is beneficial, even though it being discovered would hurt America…
You people sound like 9/11 truthers.
Nope, cost-benefit is all wrong. US citizens paying more for LNG will cost government votes, risk of alienating allies, and makong billions is insignificant to US economy. Much more likely is Putin's false flag attack on Nordstream trying to break up NATO alliance.
I knew this was coming. The low cost of natural gas was killing nuclear power. In my little way I have been that little chicken saying in my facebook, video chats, to friends that we need nuclear because LNG was going to make gas really expensive. Natural gas has been substituting when renewables can't generate. I think that only nuclear, perticually newer designs, is the way to go.
And people have not been listening to your wise words? Awful.
Nuclear still needs water to operate. With this year droughts many nuclear power plants in Europe had to shut down.
@@Archeaon any evidence for this? I am sure they have a back up to the back up plan. In case, there is a lack of water..
@@Archeaon yeah and? It's still overall the best form of energy.
@@richardnixon7248 is it? You need a lot of water to make it work. There is no "best" in terms of energy, everything has ups and downs.
You make a nuclear power plant in the desert? Or in a city that ration water? You will find yourself with no electricity. And this long before considering fuel is limited, still have to mine it, refine it, and enrich it.
Don't blame America for being America, blame Europe for putting up with it.
EU leaders, who seem to be very subservient to US interests for some reason, brought Europe into this situation. No other choice.
They could just open NordStream 2 (yes, even after the sabotage - still open who did this, I wonder who... - it can be fixed).
They are so stupid. Just doing as US says. This war has been so profitable to the US. I wouldn't be surprised if it was US' plan all along and the Nord streams were destroyed by the US just to make sure EU can't turn back.
@@nightmark2120And that has benefited their economy significantly. Better than the US
@@nightmark2120 Buying and relying on cheap Russian gas was not a mistake. Economic integration would be mutually beneficial for all.
It was Germans mistake though to not diversify enough (reliant by 40%+ by a single supplier for such a crucial commodity is very risky) and their misguided green-energy policy.
@@nightmark2120 you do that
#PipelineDidntBlowItself
#EveryoneAlreadyKnowsThat
What wasn't mentioned is that right now, about three dozen LNG tankers are sitting off the coast of Spain and nearby countries, waiting for space at the terminals to unload their gas. The Europeans want the gas, but don't have the capacity to import any more LNG.
It stands to reason, therefore, that Europeans will be building out storage capacity for gas and electricity and other fuel options. There could be investment opportunities here since this is a must-have.
@@morpher44 That makes sense, but it will take years to build, by which time the war is likely to be over and they will be able to import gas from Russia at a much cheaper price than any LNG.
@@Dave_Sisson Your reasoning is flawed. Europe will never go back to Russia for gas to previous levels, it's only going to diminish. Europe doesn't want to be vulnerable in an energy war. Also Russia has demonstrated to not be a trustworthy partner (at all). All are prime motivators for Europe's switch. Whether the war will be over or not will not make much of a difference. Simply said, for Europe it's a matter of safety. Europe wouldn't want to fund a country that poses the greatest threat to its Eastern borders. One thing that will come out of this, once Europe has become sufficiently energy independent from Russia they will adapt a much aggressive foreign policy towards Russia as they would able to do this since Russia will no longer hold much sway because of their energy exports.
@@flybeep1661 I mostly agree with that, especially the statement that Europe will never go back to depending on Russia. But I do think they will buy limited amounts of gas after the war ends, especially if the government is overthrown as Russia will be in great economic difficulty. Gas from a pipeline will always be cheaper than LNG, but they will ensure more diversified sources such as more from Algeria, Norway, etc as well as some from Russia.
@@Dave_Sisson If Russia arrests Putin, withdraws from Ukraine, and pays reparations to Ukraine, peace treaties are negotiated and honored, only then might the western world start working with Russia again. I think it would be very easy for Ukraine to continue to agree to not have nuclear weapons. Russia has a lot to offer such as aviation and space technologies. We were partners. We could be again if and only if they pull out of Ukraine.
Almost like Nord explosion was planned
Obviously it was planned. By Russia.
How do you figure?
@𝚃𝚎𝚡𝚝 𝚆𝚑𝚊𝚝𝚜𝙰𝚙𝚙𖧐𝟏 𝟖 𝟒 𝟕 𝟕 𝟏 𝟔 𝟖 𝟖 𝟕 𝟎 I find your post to be spam and obnoxious. Consider yourself reported.
@@spacetoast7783 the US is the only country in the world which stands to gain from blowing up the pipeline, so it's pretty obvious that we did it
@@jackwalters5506 How about Russia? Did you conveniently forget about them?
"But the US has nothing to gain from the destruction of the Nord Stream pipeline...."
Yeah, right.
So your contention is that the US government would take the risk of destroying a European-russian pipeline -- that was curently idle -- so that corporations can sell more gas?
Lmfao.
Russia has a lot to gain. Force majeure to avoid paying compensation for breach of contract when they stopped supplies. Access to technologies for investigating and in their mind repairing the pipeline. An argument for sanctions for pipeline equipment pumps etc to be suspended. And on and on. The entire matter is no longer relevant as Gas is no longer going to be purchased from Russia, by Europe, forever. Yes Bulgaria will probably have to go under secondary sanctions in time.
Lol this was already happening, and everyone that keeps bringing this up seem to conveniently leave out the fact that the it's only the older nord stream pipeline that was sabatoged, but the 2nd/newer one that is not yet open due to the war is conveniently ok! Wonder why 🤔
The lpg can’t flow thru the pipes now thanks to Russians blowing up part of the pipe..!!
It was blown up from within ..
Only Russia could do that…
@@Juan-ko3wb easy .. russia did it to stop lpg gas flowing thru it.!!!
These guys are about to make all the money.
Good, as long as Ruzzia suffers
Yes, and pay no taxes, and transfer to taxhavens.
That's supply and demand for you.
...and you are about to run to CVS for more Vaseline.
Dolphin at 5:45 LOL
I think it's the same dolphin at 0:46
USA decided for Germany what energy source it would use. That is an amazing and brazen display of arrogance and belittling, especially considering Germany is a country that prides itself on being the economic leader/engine of Europe.
And how did the US decide what energy source Germany would use? In addition you somehow jump to the "brazen display of arrogance and belittling" again with no explanation!!
@@michaeldeierhoi4096
By blowing up their pipeline
Germany should be thankful they got to keep their country after starting two world wars.
The Scholtz's look on the floor when Biden announced pipeline's end in February in Germany, was priceless
@@BubblewrapHighway So should the Ukrainians. They were major Nazi collaborators.
Way to de industrialize eu 🤩with gas costing from 4 to 8 times more than pipeline gas.
alternatively: quick way to make the EU's industry sustainable. It wouldn't make sense to do it beforehand when gas prices were cheap. It is going to be really expensive to develop the technologies to decarbonise industries like steel production. After the EU does it, however, it will be able to export its technologies worldwide, essentially ensuring a return on its investment.
LNG is the future! I’m investing in natural gas today!
4:49 Nuclear would be a much better option in cloudy, non-windy Germany. Small modular reactors could be installed much more quickly than (long-term solution) regular nuclear power plants.
They are safer too. The Nuscale SMRs can passively cool themselves in the event of loss of onsite power or emergency shutdown.
Logic doesn't matter: Too expensive (risk for investors, long payback schedule), too much red tape (regulations) too much exposure (liability for law suits). You want that risk with your money?
@@paladin0654 same with the B-29 in 1941. By 1945 4000 were made.
Ooooh! But what about the waste? What about the waste? (Hint - Recycle it)
@@daniellarson3068 blend it into the fuel in a one step process for a Fast Molten Chloride Salt reactor like the Elysium reactor. This is a simple inexpensive process that can also be used to destroy (burn) weapons grade plutonium. Gets rid of waste from current reactors and gets rid of atomic bomb making material in one step.
Decades to come, who thinks we will last that long?
ask that to the hippies from Woodstock, now they're great grandparents and registered Republicans and driving their muscle cars to the vacation house on the weekends.
Can we together take NATURAL GAS TO FIRST TGT $5.... Cmp 2.2 $
6:57 i’ve been hearing this same old song and dance since the early 70s
Big thanks to Think school for this recommendation ❤️
Natural gas commodities down 7 percent today? Time to accumulate??
Europe never learns. This isn't the first time America has profited from European misery.
Yes, let's blame America for the crisis created by Europe.
With the amount of money America drops in defense of Europe there is no profit for America
The prices in Europe are a consequence of Europe choosing an unreliable supplier for their energy. Europe should’ve learned after Russia invaded Georgia in 2008, or Crimea in 2014, or maybe when they were assassinating people with highly radioactive materials, almost causing a nuclear disaster in the UK. Europe does not enough energy terminals to get all the energy they need, so naturally, with supply low and demand high, prices are going to be high.
@@phoenix5054* created by usa
@@mozilla7017 : The USA didn't invade Ukraine.
Shameless
If we don’t provide LNG, they have to use coal burning for the winter. Someone saying global warming are stupid and should be stay in a cold winter without heating.
6:40 that means nothing the percentage. The quantity matters and the cost of transition matters.
50% of 1000 is 500.
12% of 1000000 is 120000. Huge difference!
Yes, and it's more than doubled our prices for N Gas in the USA. We're in for a very cold winter here.
In Florida we'll be alright
America sells gas to Europe at four times the price it pays at home
Supply and demand! That's the basis for your greedy society ... 🤷🏼Elect other politicians and make alternative daily choices, instead of ruining everything in the name of laziness and greed.
@@OmmerSyssel How about the US becoming a responsible country and supplying the needs of it's own citizens? There is little daily choice in winter to keep warm and politicians are corrupt. Don't be so naïve.
Natural gas at 2 yrs low..any future or long term view on this Commodity?
Any research or analysis on this.
excellent growth given the fact that major competitors are being eliminated. Nordstream pipelines has blown up. Who's next?
Natural gas commodities down 7 percent today? Time to accumulate??
05:00 "Why don't we transition?"
It's almost like Germany's been trying to do that for 15 years and all of a sudden when they had a siphon themselves off Russian gas, they've been screwed.
Nuclear or go home
Actually, its mostly Canadian natural gas. We don't have a LNG terminal up here, so we pipeline it to the USA so that you can compress and ship it overseas.
We have LNG port in BC ( west cost) .Whereas us has LNG port on east coast .The gas us is exporting is from Louisiana port.
The United State produces nearly 6 times more Natural Gas than Canada. What are you basing your comment off of?
@@EngTrek hasn't the pipeline expansion been delayed several times?
We should have built one in quebec or New Brunswick and a pipeline to send it east but nope... Green revolution and carbon taxes instead.
@@ADobbin1 Very True..
There are other sources but it will take about 10 years to set it up.
Nuclear power plant often takes 10-15 years. Wind turbine park maybe 5 years. Solar even shorter time. Choices have to made
@@OmmerSyssel If Germany made their choice. Why was Germany planning to open a second gas pipeline from Russia?
You will own nothing, and you will be happy
@@stevenfetzer4911 but if you did you would not be paying the prices now.
Can we together take NATURAL GAS TO FIRST TGT $5.... Cmp 2.2 $
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To show how warped the international natural gas market is, the price of gas in the U.S. has about doubled over the last year due to LNG exports, but the U.S. market price drops significantly each time there is a problem with an LNG export terminal, because each accident means more gas is left for U.S. consumers.
How is that warped? That's just a market at work, surely?
That's not "warped" that's how a free market works. It is simple to predict.
exporting to Europe with 10x higher prices will simply give more profit than 2x higher prices at local US market ... companies will always do what generate the most profit to shareholders, every single time
Problem is that US admin now doing everything it can to limit exports (newly structured permits and inspectional demands far exceeding any existing regulations, is just one example). Creates a glut in the US and deprives European friends the more balanced supply that was promised. I'm a US citizen at university in Munich (engineer) and the US never ceases to amaze, embarrass and disappoint.
Canadian natural gas, and lots of oil is sendt to the US, minus 830,000 barrals of oil a day from Kystone xl pipeline, as Joe Biden shut it down on day one.
Maybe you should vote for someone who wants lower energy prices in the US?
warfare and profit, can't have one without the other
That's nonsense. There hasn't been any larger conflicts, and such long period of peace since decades. Still major economies has exploded in growth.
E G millions of Chinese have gained a better life by peaceful trade, and not your conflicts.
Can we together take NATURAL GAS TO FIRST TGT $5.... Cmp 2.2 $
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Very typical America, they want the Saudis to sacrifice their profits from high oil prices and increase the production, meanwhile they are making a hell of money from selling LNG to Europe in insane price
This can be happen to anyone.
Ditching doller is a need of time....
Ditching Ruzzia is better. What should we invest in, Russian "rubble" currency? Dollar is trusted because people trust America, it's transparent unlike your Ruzzia or China🤣🤣🤣🤣🤣
After checking the location of this website, it is UK! Of course, automatically subscribing after seeing for the first time in my home page! USA
Natural gas at 2 yrs low..any future or long term view on this Commodity?
Any research or analysis on this.
blowing up North Stream really worked well for uncle Sam!
That darn Putin..
Connect the dots. Actually, never mind the dots just listen to the president state his intention on Feb 6th this year to put an end to the pipelines.
The US was making more money before the pipelines got destroyed. The price of gas has fallen
@@seanthe100 only in the USA Dude. Do your homework. The Gas Prize in the EU has 10x fold! The Pipeline was in Europe not in the USA! So uncle sam is making way more money now!
@@raysschoko the price of gas has dropped since the pipeline has ruptured. It was 10x months ago
I saw that many European energy companies are making huge bank ad well. BP and then other companies with names that are complex for my wee brain.
Watching the FT reporter NOT push back against the ignorance of James, the man at the end of the video, confirms the role they play in continuing misinformation and not holding wrong, good-hearted, opinions accountable. LNG is 100% a part of the future and wind/solar cannot hold a candle to it. More and more data released every day confirms the inefficiency of current renewables; both from an input and output perspective. Very sad the average individual uses emotion instead of logic when they navigate this world. I hope he wakes up one day.
Natural gas commodities down 7 percent today? Time to accumulate??
A lot of work needs to go into electric vehicles before they’re viable. I recently read that replacement batteries for electric and hybrid cars runs $15k to $20k with labour. That’s a massive hidden cost.
and a cost basically no one ever hits thus far, and batteries getting better engineered all the time... Otherwise, totally viable today - including long distance travel/charging... and a killer app in short ranging use.
@@lylestavast7652 that’s because the cars are still newish. I saw this on the news, they were interviewing car owners that were badly hurt by these out of warranty battery replacements. We’ll see more of this as Tesla’s and others start getting older.
I also heard the manufacture of electric cars is worse for the environment. I don't know if it's true, but if I were in the market to buy a car, I'd be looking into it.
@@Luna.3.3.3 I certainly like the look and comfort of Tesla S3, but there’s so much more to learn. Batteries are toxic so how are they made and disposed of. Where does the electricity come from is it renewable or petroleum based? What is the rate of battery deprecation? What is the resale value after the battery is gone? Etc.
@@toma9976 Right. Maybe it's the battery issue I heard about regarding electric cars. Either way, I think all the questions you brought up are really valid before I'd jump on the band wagon for an electric car.
And once again, Canada misses the boat. Thanks Justin.
Canada is like slave of usa. It will do whatever usa will tell.
because they're playing the long game, Canada supplies 62% of all US crude oil imports. Currently the US is courting Venezuela(begrudgingly with it's appalling human rights record) , again for relieving the increase in domestic oil demand because we thought we where so righteous in weaning off Saudi oil because of their appalling human rights record their 15+ years ago. Canada already has terminals for LNG exports but they are mostly stationed and 'pointed' towards the west coast, with it's current market there.
@@al28854 didn't the US put sanctions on Venezuelan gas ? So now when it is convenient, they try to make make a deal.
It's a twisted world.
Canada does not have a lot of natural gas. Only crude oil.
@@AB-fc8io Why does it keep putting tariffs on American lumber? Why didn't they help take down Hussein?
Good.
Can someone crack the numbers too see if eu gas cap price and us gas export prices match? Meaning gas price cap could be matched to make US LNG price competitive?
As if it does that would make it obvious that it just a tool to make make us LNG more price competitive…
Natural gas at 2 yrs low..any future or long term view on this Commodity?
Any research or analysis on this.
I like how America creates an opportunity for itself with chaos and act as if they didn't know what the outcome would be.
That's right. US convinced Putin to go insane & invade Ukraine.
You go ahead and think that sweetie. Think about that ALL day long. Let it haunt your dreams. Enjoy.
My first thought..then...they showed Honore..
So you don't want America to provide gas to Europe?
How did the US create this opportunity? Benefit from it sure.....but they didn't create this lmao.
Has someone come here just after watching think school video like me ???
Then welcome brotha
Can we buy crude oil on dips???
One molecule of methane has the same greenhouse effect of 20 CO2 molecules. Natural Gas produces less carbon when it's burned to produce energy however any methane that escapes or isn't burned is equivalent to 20 times the same number of CO2 with respect to greenhouse effect. NOTE: I have no idea about how much methane escapes the system and the ammount could be insignificant. One point I would like to have seen is the carbon emissions due to the freezing process - from a quick search I found out 8% of the gas that enters the plant is spent to make it liquid.
Another important point is the political aspect of exporting fossil fuels - a point well made by the Green Army General: if a country is really dedicated to combatting climate change it should also reduce it's fossil fuel exports. A few weeks before Biden's speech about the Inflation Reduction Plan that subsidizes a lot of domestic companies in the renewables and EV, the US started the construction of a huge oil export facility at the Gulf of Mexico. The US is not reducing its carbon emissions - it's putting the emissions under other countries names.
You dont even knkw what youre saying and i can tell.
theres an old American saying:" Freedom is not free"
Freedom costs responsibility and self control. Otherwise that statement is mainly false.
"These are boom times for America´s LNG"..... After they blow up the Nord Stream pipeline!
Russia did it.
@@Mark-xv5lb You mean Russia (make the US) did it
Russia stopped selling gas to the EU, and wanted to back out of it's contracts lol. All this anti US stuff about it is insane
@@seane6616 yeah.. this is "BOOM" time for US
@@seane6616 The EU sanctioned it. From where do you get your infos? LMAO
But we the US lack LNG ports to deliver high qualities to Europe. Biden’s Energy Secretary missed a great opportunity . LNG tankers are also in short supply .
As per my analysis, Natural Gas is on big support now can see huge upturn whenever it happens so my call buy on dips as risk n reward atleast 1:5 ..pl do your analysis before trading ..let's watch
Natural gas buy zone?? Should we buy??
So ultimately Russia - Ukraine conflict is benefitting to US and gradually increasing dependency of EU on USA. EU is dying and USA is flourishing by this war. Great move by US 👏
An "accident" (natural or sabotage) can change things really fast.
Natural gas commodities down 7 percent today? Time to accumulate??
Though Malaysia has gas too
As I'm listening to all this, anyone else noticed the dolphin(s) on 0:45 and 5:45 ? I think it's the same dolphin showing off for the camera.
The state of that harbour water, the complete lack of vegetation so sad.
What are they doing with the removed waste?
Thank you for covering this FT.
You can clearly see with your own eyes the complete destruction of nature here.
The fact that they are happy to destroy oceans to export to other countries at 3 times the price.
It must be heart crushing to work for these people.
To come home to your children at the end of a shift after seeing and being part of destroying their future.
Just watched a great story on river regeneration in America and then you see this.
❤️🔥
It’s because of fossil fuels you have forests and clean water throughout America… just 100 years ago VT and NH forests were devastated, but you’d never know this driving through New England today.
@@aaronkaplan8030
Nature Bathing
Walking through a forest
Sitting under trees
Leaving everything as nature intended
Taking you waste with you
Just sitting and enjoying and realising you are a part of nature just by breathing
Nature hurts also .
The world needs love and care 🌏💚✌️
@@Youcanttouchmyhandle America has more forests then it did at the start of the American revolution
@@twinkjakdoomer keep planting 🌎💚🌿
Natural gas buy zone?? Should we buy??
Wow who would have thought LNG exports would take off like that a few months ago.
Anyone who understands supply and demand.
@@spacetoast7783 like the CIA?
@@gregwong2132 Sure, the CIA is not stupid. They're not as incompetent as your politicians.
@@gregwong2132 CIA runs the USA administration just like the head of KGB runs Russia
@@gregwong2132 You are really not helping to change the image that Americans would just be all fools.
Could you add please your own subtitles please?
No Nord Stream 1&2 and Russian energy sanctions has been an economic boom to the US.
Selling US LNG at a 400% mark to Europe has been a blessing for the US.
The best option would be for Europe’s governments to end Russian energy sanctions.
Who blew up Nordstream? HMMMMMMM
Kraken
USA
Russia
@@Feyser1970 joe Biden
China, they have the most to gain.
Too bad Europe didn't diversify their sources of energy. Wind and solar are best used as a supplement. Nuclear (fission) would be better and France went this route. Fusion power is a pipe dream that's always 20+ years in the future. I got my degree in Nuclear Engineering in 1974 and there were many soon to be graduates looking forward to working on fusion power. The professor in our senior class put the kibosh on that; stating that if practical fusion power was demonstrated that day, fusion power plants would be starting operation no sooner than 2000, 26 years later. My bet on base power supplies would be natural gas and nuclear (fission) power for the next several decades until something better comes along. The US has enough natural gas reserves to last to the end of this century. I'm not so optimistic about nuclear power because of the NIMBYs.
@Tony549 - "Too bad Europe didn't diversify their sources of energy. Wind and solar are best used as a supplement".
In fact, it could be said that they diversified (to wind and solar) *far too much*. Very VERY bad move and now they are paying the price - literally. They should have stayed with nuclear power.
Wind and solar can NEVER give a place 24/7 baseload power. As you say, they are best used as a supplement.
Only nuclear, fossil-fuel and hydro-power can give you baseload power (geothermal too but not everywhere has that).
One of the things I'm interested in is gas-extraction from *sewage* - there is an endless supply of it and it is usually quite easy to add a gas plant to an existing wastewater treatment plant.
This is an energy source that has barely been looked at but it could be hugely useful.
GE has a good site here - they say that a wastewater treatment plant can go from being an energy-user to an energy-supplier-
check this out - www.ge.com/news/reports/power-sewer-one-persons-wastewater-anothers-electricity
Europe has more diversified energy sources than the US and is generally less energy dependent. Europe operates more nuclear power stations than the US and also more renewables. The difference is that the US uses much more oil and coal.
Europe actually diversified a lot... sadly due to eco scaremongering, it went the "renewable" way which is ridiculous for a continent with 6 months with barely any sun and not that many windy places that are not already occupied by humans. And thus it needed gas to fill in for lack of sun or lack of wind. The only option without LNG will be burning more coal. GJ eco crowd.
@@lamebubblesflysohigh the current - potential - electricity problem is due to 20 French nuclear power stations being offline. Not because of renewables or gas. Actually the share of renewables has grown all the time and some regions manage very stable grids with 80% renewables.
I just wanted to argue that the original poster claimed that a lack of nuclear powerplants was the reason. It is not.
Or if europe had sane leaders and electdd sane people could have forged an economic partnership with the russians and persue a relationship that serves interests of both parties. The russians could have brough not only themselves but many other asian states in this economic partnership. That would fix europes recource problmes and concerns it would also relieve their security concerns
We need to see independent numbers of where Europe's accelerated evolving energy systems adapting to this new reality...
...rather liquid methane producers
It's likely that will blunt the degree of expansion
Hate to break the bad news but Qatar said europe needs to keep buying Russian gas till 2025 and neither USA nor Qatar has capacity to provide enough for the foreseeable future. It’s like 100 people turning up to the supermarket to buy Apples only to be told there are only 20 left and they cost £3 each. It’s not going to work and what happens when you run out of apples???
As an european, i too want a transition away from fossile fuels including LNG. But when will ever a civilian be heared, especially when corporations and their lobbys are dictating the rules, even more so in the US than here. US citizens should take a very close look at the studies what freaking does to your environment and the health of your citizens as well, the costs are not carried by the companies ... only the profits.
The problem is not profits per se; the problem is the (American) obsession with *short-term, QUARTERLY profits.* The incentives for corporations, investors and taxes (politics) are broken.
You'd think that external suppliers cutting us off would be incentive enough to look into synthetic or otherwise locally sourced fuels, but no. Let's depend on someone else instead, I'm sure we won't face any such issues again right?
tragical strategic move for EU
Meanwhile rivers are disappearing.
The only one who is worried about the RUS/UKR conflict is Gazprom. Europe accelerated the transition to renewables, everyone is offering Europe (L)NG. Gazprom knows, they are losing the atractive European Market for ever .
It's the market. And it is a good thing in the long run. It forces us to change our habits, improving our efficiency, looking to renewables etc.
We keep on making this mistake of thinking hydrocarbons as reliable or cheap. They can only be reliable or cheap in the short term. In the long term there will always be shocks.
We have the technology today to overcome the intermittency problem. Arguably it was viable before, but now surely it can't be argued?
@@mikeharrison6638 Who are you talking to?
“Allies” 😂🔪
Yes, America is ally - saving Europeans once again while they helplessly beg tiny Puttler not to crush them🤣🤣🤣🤣🤣
@@borghorsa1902 The narrative that Russia would go beyond Ukraine was created by the US just to get EU invested in the war and do as the US says.
@@borghorsa1902 No, Europe is not an ally, Europe is an occupied vassall.
@@borghorsa1902 saving? The USA is being paid top dollar for its LNG.
@@veryincognito6776 Belarus is not Europe. There are dozens of other countries.
Interesting….very interesting
Cool, so we can pay double here in America while we supply the rest of the world with LNG. I LOVE IT HERE OMG
If people in Europe were to paint their houses black, this may reduce gas demand. Most energy-saving paints use fine ceramic particles mixed in with the paint. It is the same material that NASA uses on the space shuttle tiles. A guy reluctantly tried their test of putting a layer of ceramic powder on his hand and then placing a lit propane torch on it. He was not burned.
What about summer?
@@immers2410 don't confuse him.
For this very reason US blew up Nordstream pipeline
There is no evidence for that, buy I know how people like to make claims with no evidence or reasoning.
That's stupid. There were plenty of other places we could've sold our LNG, and those other places already had the infrastructure to decompress it and store it after delivery.
@@michaeldeierhoi4096 Came out of Bidens own mouth in February.
@@johndavies5985 That sounds like krap put out by Tucker Carlson and we all know or should know that he does free propaganda for republicans and trump!!
@@michaeldeierhoi4096 Nice Red herring argument there.
min 0:46 is that a dolphin surfacing?
Demand and supply baby. Take out the competition and make loads of money at the expense of your allies.
Fossil gas should be a stopgap and not a long-term solution. Multi-decade investments in fossil fuels are a bad idea both for future inhabitants of planet Earth as well as those who hold stranded fossil fuel infrastructure investments. We should really be investing long-term in solar, wind, storage, nuclear, and energy efficiency.
Can we together take NATURAL GAS TO FIRST TGT $5.... Cmp 2.2 $
PL SUPPORT N JOIN
PL IGNORE THIS NOTE IF YOU DON'T TRADE 🙏🙏👍
Pl ignore if you don't trade pl
Meanwhile LNG price skyrocketed. Developing countries like Bangladesh , Pakistan can't import gas in so high price . As a result nationwide blackout at least 7-8 hours.
This is the case every time. Rich countries don't want to stop the war, but the real price has to be paid by poor countries.
Sad
They can import from Russia but they cannot take a risk taking US retaliation
How do rich countries not want to stop the war? They've been providing defense.
@@spacetoast7783 why would US stop the war in ukraine?gives them weapons with are not for free plus using ukrainians as proxy against putin.win win situation
@Nawangwe They don't want to stop the war, that's why they're harming their own economies to provide defense. Got it. You're right.
Solar and wind are not only “not perfect”, they are NOT GOOD ENOUGH.
If they were good, Europe would not be needing that LNG.
If I were Germany, I would transition to domestic coal and invest in good smoke stack scrubbers. I'd use that fly ash for a partial portland cement substitute too. You have coal Germany, grow your own and smoke your own Germany. Stop importing your power source so much!
Why are delaying a transition to renewables in Europe? 1) People freezing to death and industries completely shutting down for 10 years while we build infrastructure is bad. 2) Some places in Europe (e.g. Germany) cannot meet energy demand with wind and solar. That's not an anti-renewables opinion. Experts agree on this.
@@richardwilson57 Fine. Please share a link to a scientific study that shows the mean daily sunlight intensity or mean daily wind speed and persistence in Germany is suitable to generate enough electricity to be reliable and worth the commitment of real estate. I'll wait. Take your time troll.
Firstly, Germany absolutely can meet energy demand with wind and solar, they just lack investments and storage solutions. Secondly, why on earth did Germany shut down it's nuclear power plants? Seems like Merkel just went the way of least resistance to stay in power.
Because renewables don't work. In the cold, dark European winter you don't get much solar. And wind is highly unreliable.
@@ulyks Proof. No study have read that actually did the math indicates that. And that's even if you don't include the extra energy needed to synthesize chemicals that come from petroleum and natural gas used by industry. You have swallowed myths spread by people using the environment to gain political power, but who otherwise don't care about greenhouse gases at all.
Qatar the biggest exporter of LNG admits that LNG is incapable of delivering the quantity that Russia was providing.
"They didn't think it through." .......Conrad Breen
Natural Gas added should we buy more
I’ll have to look at the stock symbols for these.
I do some research on this on my blog post if want to see a link etc NFE, EE, LNG, FLNG, GLNG, SHEL XOM, HLMP-A
Natural gas at 2 yrs low..any future or long term view on this Commodity?
Any research or analysis on this.
They definitely didn't blow up nordstream that pipeline they don't talk about
Who is They?
Uncle Sam be smiling all the way to the bank..
A 22% drop in equities is a big reason to smile!
house heating cost is going to increase
But saving environment is important....😂
wow amazing markups! lets hope for another 2x to 5x for 2023!!! 2022 has been a producers & traders dream.
Speaking of gas/oil, here’s a classic Donald Trump quote (Twitter, 4/2/20): "Just spoke to my friend MBS (Crown Prince) of Saudi Arabia, who spoke with President Putin of Russia, & I expect & hope that they will be cutting back approximately 10 Million Barrels, and maybe substantially more, which, if it happens, will be GREAT for the oil & gas industry!"
and bankruptcies followed all over TX and other oil patches that year... still having trouble getting people, money and equipment to restore production to levels they were briefly in Jan-Mar of that year....
That clown had no business anywhere near our halls of power.
@@mikeharrison6638 Who are you talking to? Nobody said anything about how Joe Biden failed to put fossil fuel companies out of business and jail their executive.
This is the plan...that's why we blew up the Nordstream 1 & 2 pipelines 😃
Everyone knows who blew up Nordstream and they aren't telling you, HMMM, I wonder why???
@@jager6863 Biden literally said the US would destroy them if Russia invaded Ukraine; and has been against them under Republican and Democrat presidents since NS1 was first being discussed 20 years ago!
@@jager6863 so you don’t think it was Russians or the Chinese?
@@sko1beer There is a 0% chance of it being China, and Russia blowing it up doesn't even make sense.
Why would you admit to conducting a terrorist attack? lmao
Natural gas buy zone?? Should we buy??
"Very large arbitrage"... code for "great for the sellers; sucks for the buyers who lack an alternative".
Remember the moral of the story?
EU was the crow,
Russia was the cheese,
and the US was the fox.
Happily ever after.
Chinese troll spreading propaganda
@@Feyser1970 It's called a Chinese troll propaganda because I was on point, right?
and China is West Taiwan.
Only no. Back under Trump he offerd the European union under market price for that time LNG exports if they lessend their russian gas imports. But that was then blamed as " the US trying to turn Europe into its puppet"
And now 4 years later we citizens are paying the bill for our dumb politicians.
Nice work America!!! Let other countries play their little games while we cash in. All while helping Ukraine and degrading Russia’s military. ❤🇺🇸
It's a win-win.
so how no ones has sapatarged those ships yet just like the pipeline /.
Sadly, the Trudeau Liberals have done nothing to help either Canadians or Europeans meet their energy needs!
Can’t stop looking at this guy’s happy face!) We have fucked the world one more time! America’s *capital* FIRST!
And how is that America's fault.🤦
Ruzzia is to blame, not America. Without America all you would be speaking Russian language and being paid 2 dollars per month😂🤣🤣🤣🤣🤣
@@borghorsa1902 This war is likely US' smart plan all along. They knew it would happen and sought to profit from it that's why Ukraine was trained and prepared for 8 years to provoke it. Nord streams were likely destroyed by the US to make sure EU relies on the US. Very smart 😄
@@borghorsa1902 It's dumb to believe that Russia planned to go beyond Ukraine or former soviet nations which was unlikely. That narrative was created just to get everyone in the world invested in the war but anyone with an IQ over 70 can tell that it was a lie.
If by "we" you mean RuZZia, you'd be correct.
The worlds' number one algorithm that rules our lives. The accumulation of money.
The number one algorithm is the desire to eat. Nothing evil about that.
@@SkippyTheRedKangaroo Maybe for obese Americans. But regular people are not pre-occupied with food 24/7 and just want to spend their lives doing something they actually enjoy. Something which the absolute pursuit of accumulation of money is prohibiting.
@@joey199412 yet y'all still buying American gas at 10x the price 🤣😂
5:46 - Dolphins?Sharks?
dolphins
This is helping Europe stay warm through the winter at the expense of Russia
God bless America 🇺🇸, for hatters envy on our beloved country, we will be number one in everything 🤣😂
I hope this gives you enough money to solve homelessness and healthcare ;)
@@manhoosnick jealousy 😂🤣
@@NC.237 Congrats, you have caught up with Australia and Qatar in LNG exports. But it can't be denied that the USA has the worst healthcare of any first world country, despite having the highest cost per person.
@@NC.237 Well I was responding to both your post and Unsung Heroes post. But I have to admit that when other first world countries look at the many dysfunctional aspects of USA society, they wonder how the country doesn't collapse.
@@NC.237 that means that there is no point of exporting and making money if it doesn't trickle down to the needy, just look ay how many people in the US are homeless and rely on foodbanks to eat.
Usa helps to blow up russian gas pipe. Now usa lpg exports boom!
Russia was most likely behind it, but your story is cooler I guess so we should go with it.
Blown up inside, it was Russia. Blown up outside, we won't know unless there is some forensic evidence like some bomb components that could be traced back to the country of origin. But even that is not proof. I think this was NOT USA because USA/NATO has been very delicate with Russia. There might even be a 3rd party out there that wants to disrupt energy infrastructure in order to benefit. Iran, Qatar, China, and Canada also have a large stake in natural gas and may benefit. Some of these might also want NATO and Russia to distrust each other further.
@@Alex-ez1lk no. You are mistaken. USA did 100%
@@user-qb7ms6vs7s no I agree with Alex, Russia destroyed their own pipeline to hurt themselves and to help America. It makes total sense
@@D4NK1 president allready said he would do it. Also 2 other US government officials advised of their aims. It's clear the US did it. You can agree with as many people as you like it still makes you wrong. Do some research
This is what they wanted🙂
James Hiatt, get real! Europe has emergency needs for LNG.