Why Natural Gas Tankers Are Lining Up Off Europe's Coast | WSJ

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  • Опубликовано: 14 окт 2024
  • Tankers carrying liquefied natural gas are floating off Europe's coast, waiting for the price of the fuel to rise. WSJ’s Joe Wallace explains how the tankers are Europe’s attempt to address the energy shortage and what it might mean for the continent this winter.
    Photo Illustration: Alexander Hotz/WSJ
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Комментарии • 455

  • @randomperson9187
    @randomperson9187 Год назад +27

    I love how all the news networks pretend like they don't know who blew up the pipeline but yet the rest of the world seems to know full well who did it.

    • @MrUldahl
      @MrUldahl Год назад +1

      Absolutely laughable yes

    • @0my
      @0my Год назад

      They say, It was Putin! Lol. They also say, ummm, idk who did it (well which one is it, Putin or idk). Reminds me of all the sudden heath issues and diseases lately; they say, we don't know what is causing this 'insert issue', then they say, we know it's absolutely not the .vax.

    • @vishalkhanna1476
      @vishalkhanna1476 Год назад

      Hello,
      Do we anticipate good demand during Winter of Natural Gas... considering its on lower end should we accumulate Natural gas over period of time and wait for spike in winter to book Profit.

  • @chayanvohra
    @chayanvohra Год назад +189

    What a ridiculous headline for the video. How is the tanker jam threatening energy security? The way it looks like is the tanker jam is actually staving off an energy security threat, in case the storage runs out, there is more supply readily available on the European coasts.

    • @stygian4011
      @stygian4011 Год назад +29

      Fear mongering gets you views.

    • @saahiliyer11
      @saahiliyer11 Год назад +26

      Tankers can’t just sit off the coast for months on end. If there’s little chance that it’ll be offloaded, the companies involved may just cut their losses and transport it somewhere else while also reducing future shipments. Then, if something happens that necessitates more shipments in the future, we’re all playing catch-up.

    • @benjaminmcintosh857
      @benjaminmcintosh857 Год назад

      It's changed now

    • @ronblack7870
      @ronblack7870 Год назад +4

      @@saahiliyer11 yes they can if they get much higher prices months down the road . what other customers need LNG anyway. it's europe that needs it.

    • @jamestajiri58
      @jamestajiri58 Год назад +3

      Tankers are mobile storage

  • @bbrebozo6417
    @bbrebozo6417 Год назад +38

    Remember when the German delegation laughed at the Donald when he said relying on Russian gas was risky? They have no LNG regassing facilities and the French just denied pass through for a gas pipeline from Spain to Germany. That’s what you call getting caught with your lederhosen down.

    • @vorpommerinaustralia5418
      @vorpommerinaustralia5418 Год назад

      Remember when the US sanctioned several German regions, companies and politicians, because they where engaged in the Nord Stream 2 pipeline? The US always had a strong interest to sell there expensive and environmentally harmful gas to Europe and Nord Stream 2 is the worst that could have happened to their gas market.
      It’s a very weird coincidence that Nord Stream 2 got bombed…. I don’t see any reason for Russia or any Central European country to bomb their own pipeline. Hmmm who could have done it?🧏🏼‍♂️

    • @DarkHill43
      @DarkHill43 Год назад +5

      Relying on American gas is even more risky....

    • @0my
      @0my Год назад

      They can just purchase from the US at 10x the cost and 50x the carbon emissions.... You know, cuz Putin

    • @vishalkhanna1476
      @vishalkhanna1476 Год назад

      Hello,
      Do we anticipate good demand during Winter of Natural Gas... considering its on lower end should we accumulate Natural gas over period of time and wait for spike in winter to book Profit.

    • @gtrance3567
      @gtrance3567 Год назад

      No one was laughing and they fared the winter well. Nothing to see here

  • @Tsti1685
    @Tsti1685 Год назад +154

    Someone warned Europe of its too much dependency on Russian gas and energy couple of years back, then Europe was laughing. Now it turns out that guy was 100% right.

    • @gyurhanaziz7676
      @gyurhanaziz7676 Год назад +46

      To be fair every US president since Bush warned the continent about its overreliance on russian gas. I am still not sure if it was really a that bad decision because in the end cheap gas really helped europes economy and the alternatives were more expensive. In my opinion the problem was that Europe didn't build a large storage capacity and kept it nearly always full to insulate themselves against unexpected shocks.

    • @TheRedemptionRain
      @TheRedemptionRain Год назад +21

      @@gyurhanaziz7676 Europe should also develop their own military instead of relying on the US. Since WW2 Europe has gone lazy by relying on Russia for itself energy needs and US for it’s security

    • @rwksasc
      @rwksasc Год назад

      Wrong. The Russian relationship was just fine until the ‘victims’ went on an all out sanctions to destroy Russia. One word: projection.

    • @GodGuy8
      @GodGuy8 Год назад +2

      @@TheRedemptionRain as a super patriot and conservative American who believes in the us but not necessarily the cia fbi democrats republicans ect.. I think that would be a great idea! it’s the imperative of every nation to be strong or else risking a war by showing weakness. Strength is a strong deterrent from bullies

    • @jamram9924
      @jamram9924 Год назад +10

      @@gyurhanaziz7676 I follow geo politics and I cannot ever recall seeing any other US POTUS vocalize this as much as a very vocal Donald Trump. I spent time in Ukraine and Russia. Let us recall that the West took a a huge sigh when the Iron Curtain fell and Russia then meandered through the World economy like a lost child. They were overdependent on the West for many things to include food to help them through those cold Russian winters. The 90s and early 2000s were difficult times for Russia and other former USSR countries to diversify their economies. Through the decades that followed the demise of the USSR, the US focused on their Campaign on Terrorism after 2001, cheap trade with China. Both GW Bush and Obama had their different focuses of that time, energy was not one of them. Europe needs to focus on their energy needs as they have the resources to power their grid and key themselves warm. They cannot meet all of their energy needs with green energy as they would like and they certainly are not ready to transition away from coal and nuclear just yet. Now, these political turmoils will change the hearts and minds on becoming more energy independent and finding reliable energy partner countries that share similar political beliefs. Perhaps it is time for Europe to chose multiple energy needs for the Summer and use their established energy sources to get them through their typical harsh and cloudy Winters.

  • @truthbeknown2022
    @truthbeknown2022 Год назад +55

    You know, when there's issues with products related to Fossil fuels, (supply, demand, refineries, pricing), there always comes issues with products related to Fossil fuels! "Timing is everything"!

    • @A3Kr0n
      @A3Kr0n Год назад +1

      Solution will be to consume more fossil fuel in interesting and unsustainable ways.

    • @truthbeknown2022
      @truthbeknown2022 Год назад

      @@A3Kr0n there is the Hydrogen powered vehicle equation! The EV has 80% limitations! Weight, battery materials availability, battery life and reclamation, new tire wearability study, Electric Infrastructure, charge times, replacement costs, battery anode corrosion issues (Coastal areas), the EV at present is a fallacy!

    • @NeostormXLMAX
      @NeostormXLMAX Год назад +1

      Making europe pay 4 times inflated prices for gas is perfect timing

    • @truthbeknown2022
      @truthbeknown2022 Год назад

      @@NeostormXLMAX that would most likely be attributed to Putin, along with that 200ft deep underwater pipeline explosion, as Russian ships were nearby! Then again, it's always the Capitalists pockets that are lined with Gold! Those that made them, are easily brushed aside!

    • @truthbeknown2022
      @truthbeknown2022 Год назад

      @Fulcanelli 100% correct! In Texas (US), Road construction crews (Farm and Ranch roads), pour fresh Oil (used) for compaction! If a citizen poured out old oil, it's an Environmental issue with fines!

  • @deniscortes9200
    @deniscortes9200 Год назад +16

    OBVIOUSLY THAT IS A GOOD RESERVE FOR THE WINTER.

    • @vishalkhanna1476
      @vishalkhanna1476 Год назад

      Hello,
      Do we anticipate good demand during Winter of Natural Gas... considering its on lower end should we accumulate Natural gas over period of time and wait for spike in winter to book Profit.

  • @acidbot666
    @acidbot666 Год назад +18

    Are Americans charging European allies with prices matching the Russia gas?
    Or are Americans taking advantage of the situation to profit when they should be helping?

    • @zorgonfire
      @zorgonfire Год назад +8

      Selling to EU 4x the price in US.

    • @acidbot666
      @acidbot666 Год назад

      @@zorgonfire Pretty much expected from Selfish Americans!

    • @Hotspur37
      @Hotspur37 Год назад +1

      why do you think gas prices are increasing in the US right now. The gas suppliers have been shipping it to Europe because of the high price they can sell it there, now the shortage here is driving up the price as well.

    • @acidbot666
      @acidbot666 Год назад +6

      @@Hotspur37 Time to Americans and the British to repair what they have done to Nord Stream!

    • @ramoncastaneda8432
      @ramoncastaneda8432 Год назад

      @@acidbot666 how about accept that your leaders failed

  • @Johannes.Walker
    @Johannes.Walker Год назад +62

    Danke für den zu letzt so qualitativ hochwertigen journalismus, der objektiv anschaulich anhand fakten komplexe aktuelle Geschehnisse behandelt. Respekt an die Redaktion und das Team 🇩🇪🇪🇺✌️🤝🇺🇸

    • @lesseirgpapers9245
      @lesseirgpapers9245 Год назад

      You can tell when a brainwashed German makes a comment. UK blew up the pipeline and Germany/Canada did not return the turbines to operate NS1 and Germany did not allow NS@ to operate. Western Government are waging energy war on their own people.

    • @bumpy783
      @bumpy783 Год назад

      Mach sich nutzbar und die Kernkraftwerke wieder anschalten!

  • @pohp942ht
    @pohp942ht Год назад +3

    I actually work on one of the vessels that stayed on the Cadiz coast for about 2.5 months.

    • @jhenin06
      @jhenin06 Год назад +1

      How does it work for you? Do you know when leaving home that you are going for such long period?

    • @pohp942ht
      @pohp942ht Год назад +2

      @@jhenin06 was easy for the company, they could arrange crew changes extremely fast due to the fact being 30 mins away from the shore.

  • @simony2801
    @simony2801 Год назад +11

    I’m thinking the Norwegian undersea pipeline might be having an accident in January.

  • @johns9969
    @johns9969 Год назад +11

    European industry needs cheap energy to off set a high cost, yet skilled, workforce. This is staggering for countries like France and Germany, with political ramifications.

  • @dchappy6985
    @dchappy6985 Год назад +9

    I hear Russian has LNG reasonably priced. They might want to look into that.

  • @amanda.collaud
    @amanda.collaud Год назад +3

    your report is wrong. They are waiting to sell it in winter at high price. Don´t be naive. Prices will skyrocket when they are about to sell it, the last one to sell will be the most profitable seller!

    • @ronblack7870
      @ronblack7870 Год назад

      it's only money . no big deal .

    • @Commievn
      @Commievn Год назад +1

      They did mention it in the latter of the video.
      "Contango" is the business strategy that you are talking about.
      Normally, these LNG traders cannot force EU to accept this because of abundance energy sent from Russia.
      But because Russian gas is cut-off and other oil exporter like Iran, Venezuela are sanctioned.
      EU now have no to little alternatives.
      Winter will be brutal for EU.

  • @Crashed131963
    @Crashed131963 Год назад +14

    LNG is the only way to ship gas without pipelines.
    Only Norway and Russia pipelined gas to Europe.
    So yes there should be fleets of LNG ships going to Europe.

    • @РадостьБлагочистивых
      @РадостьБлагочистивых Год назад

      US works up plan for companies to fund emerging nations’ fossil fuel switch
      Kerry carbon credits scheme would let business offset output while rewarding developing countries for emissions cuts

    • @itawolf2494
      @itawolf2494 Год назад

      Sorry but ltaly and most of the Med countries get most of their gas from African pipelines.

    • @Crashed131963
      @Crashed131963 Год назад

      @@itawolf2494 If there are pipelines from Africa to Italy , then then they sure are not large enough to supply Europe.
      Maybe enough for a few Italian cities.

    • @itawolf2494
      @itawolf2494 Год назад

      @@Crashed131963 Well Algeria alone now sends 35% of ltaly's gas needs..bit more than a few ltalian cities.

    • @Crashed131963
      @Crashed131963 Год назад

      @@itawolf2494 The Trans-Mediterranean Pipeline is not the volume of Nord Stream 1 or 2.
      It's not supplying all Italy let alone Europe.
      Nord stream supplied 110 billion cubic metres per year
      Trans-Mediterranean supplies 30 billion per year.

  • @wheeliewheelie1
    @wheeliewheelie1 Год назад +36

    Ideal mix: renewables plus nuclear, for when the sun isn't shining and the wind isn't blowing.

    • @lesseirgpapers9245
      @lesseirgpapers9245 Год назад

      Man how incompetent. You can NOR ramp nuclear fast enough to accommodate renewable intermittancy...You can tell when a brainwashed German makes a comment. UK blew up the pipeline and Germany/Canada did not return the turbines to operate NS1 and Germany did not allow NS@ to operate. Western Government are waging energy war on their own people.

    • @svenpb1996
      @svenpb1996 Год назад +3

      Even if we wanted nuclear now, we are I experienced at building them and they take up to a decade to get up and running. Watch B1M video on why nuclear power is a long term plan not short term

    • @hoixthegreat8359
      @hoixthegreat8359 Год назад

      France figured it out a long time ago, nuclear works.

    • @chancellorasher9417
      @chancellorasher9417 Год назад +4

      @@svenpb1996 exactly why it was dumb to stop using it. If it were a long term plan then it was dumb to close/stop making more (specially when ur source of energy isn’t reliable).

    • @AnandKumar-ol2uw
      @AnandKumar-ol2uw Год назад +2

      @@chancellorasher9417 2 reasons come to mind, firstly it was more economical to get cheap Russian gas which they did supply reliably for the past few decades, versus funding and maintaining nuclear plants. Secondly, bad planning on Europe's part relying so heavily on one supplier for 40% of their gas demand.

  • @justinkeys2394
    @justinkeys2394 Год назад +6

    There stalling till the price of energy goes up.

    • @jamram9924
      @jamram9924 Год назад

      Well if there are not sufficient pumps to regality the CNG and limited storage facilities, where do they keep the CNG? Its already on the ship and obviously the price will rise during the Winters....that's just common sense. Europe certainly went ready for this...

  • @adv.ajaiabraham4089
    @adv.ajaiabraham4089 Год назад +4

    EU along with USA sanctioned RUSSIA & now saying they stoped gas.... 🤣.

  • @EscudoPadraoPrata
    @EscudoPadraoPrata Год назад +35

    A small detail was forgotten, gas tend to escape from LNG carriers, quite a lot actually, so they are not good to be used as storage facilities. Soon we will see ships turning around, specially because the day cost of the ships will make to expensive to hold. Also we are losing carrying capacity, this will make producer in the future to reorient their shipments to more reliable markets, shorter trips, assurance of fast discharge etc. The informal Boykotts in the EU to the World Cup in Qatar is going to have consequences.

    • @ishantmehta3906
      @ishantmehta3906 Год назад +1

      I was thinking the same

    • @steveellis2501
      @steveellis2501 Год назад +7

      EU still has delusions that as a buyer...and a desperate one at that
      it will dictate to Global Gas Exporters who already face huge production and supply challenges how when and how much to sell
      to it...lol

    • @levanat13
      @levanat13 Год назад +15

      Gas does NOT escape from LNG tankers. It is used as a fuel. If there is too much of boil off gas, it is burned. However, newest LNG carriers have reliq plants and can be used as a storage tanker with very very small amount of gas used as a fuel. Trust me, I work on a LNG tanker.

    • @JetSettingBotanist
      @JetSettingBotanist Год назад +3

      @@levanat13 I work for a marine weather/routing company, can confirm

    • @jackking5567
      @jackking5567 Год назад +2

      Utter rubbish!
      The only gas that could potentially leak from a fully sealed vessel is Hydrogen - its molecules are so small they squeeze between vessel atoms.
      The only lost gas that could potentially be a problem is boil off gas. Even than, most ships now have machinery onboard to re-cool the gas back to its liquid fuel.
      Back of the class with a cone-shaped hat for you :)

  • @schokoseife11
    @schokoseife11 Год назад +2

    As European citizen I must say this report has more errors than my son's language test

  • @hclau362
    @hclau362 Год назад +4

    "Why are LNG tankers parked outside EU ports"? Simple answer "Because the EU stupidly followed the US demand that they sanction Russia." Never imagine that EU Govts would put US geopolitical interest above the interest of its own citizens!

  • @wheeliewheelie1
    @wheeliewheelie1 Год назад +13

    Trump: Germany has made itself too dependent on Russian energy.
    (German UN delegation laughs)

    • @ketelin4285
      @ketelin4285 Год назад +3

      Now it's dependent on 2x as expensive US LNG . Actually , i think they will go bankrupt before taking the gas

    • @DJ1573
      @DJ1573 Год назад

      @@ketelin4285 As the country with the best credit score at every major International bank, i would argue that this won't be the case 🤣

    • @ketelin4285
      @ketelin4285 Год назад

      @@DJ1573 You can have even zero debt , without industry you are going down quickly . All petro and energo intensive bussineses are going abroad . Yeah the firms willl be safe not so much the german jobs . Lots of aluminium and steel plants closed already all over Europe

    • @rodneykiehne5212
      @rodneykiehne5212 Год назад

      Germany was always going to be dependent on someone for energy. The US just made sure it was them. Ukraine...the current US debacle.

    • @DJ1573
      @DJ1573 Год назад

      @@ketelin4285 You read that one clickbaity article and now you think all energy intensive industry is leaving?
      Steel mills are now installing new furnaces because that was scheduled for this year and our whole industry is, get this, a price cap for gas and electricity and the rest gets paid by the government.
      All well, our government just gets a nice loan with the best conditions other countries could only dream about

  • @richard09able
    @richard09able Год назад

    Europe has to build new LNG terminals, build massive storage capacity for the LNG, and create updated pipe network for transport

  • @paulcowan3222
    @paulcowan3222 Год назад +1

    If the price of gas has dropped why has my gas bill not gone down?

  • @halfnelson6115
    @halfnelson6115 Год назад +3

    Who still thinks Russia sabotaged thier own pipeline?

  • @willrobinson9767
    @willrobinson9767 Год назад +1

    The tankers only hold 100 thousand each....... Enough for no time.....

  • @jamestajiri58
    @jamestajiri58 Год назад +14

    EU gas prices have normalized A lot faster than I thought they would. They've pretty much normalized already and I thought it would take A full year. Amazing how efficient markets are at efficiently distributing resources.

    • @CristhianN96
      @CristhianN96 Год назад +12

      Source: believe me bro

    • @robertjonker8131
      @robertjonker8131 Год назад +7

      still 6x times as expensive as 2 years a ago.

    • @itawolf2494
      @itawolf2494 Год назад +6

      @@robertjonker8131 My doughter bought a bi-fuel car here in ltaly (LNG+petrol) in 2020,the cost per liter then was €0,68 for LNG,now it's between €0,73 and €0,85.. thats not x6 times more.

    • @ljubomirculibrk4097
      @ljubomirculibrk4097 Год назад

      Wait for real winter to start, now its 10°C.
      It whil be under 0°C.

    • @learntostrafe
      @learntostrafe Год назад

      Winter hasn’t even started yet

  • @dodgro8342
    @dodgro8342 Год назад

    ...because there is a massive crisis of overproduction and the owners of the means of production are delaying the delivery of the product onto the market, to stop the market from overflowing and hence to stop the price from falling.

  • @TundishSkul
    @TundishSkul Год назад +1

    Shut down local power generation only to rely on outside energy. These are the results…Brilliant

  • @earthman6700
    @earthman6700 Год назад +1

    Dependancy on piped Russian gas. Now dependancy on US Shipped gas. Hmmm....

  • @Ful-OGold
    @Ful-OGold Месяц назад

    And yet they are telling us in Australia they are running out of lpg but there’s literally ships just sitting out at sea idling. Australia has plenty of natural resources but they sell it all overseas and the locals suffer. The world is stuffed.

  • @matkilau7927
    @matkilau7927 Год назад +2

    Europe countries so smart, they abandoned cheap russia gas buying 4x times expensive from US.

  • @jebbo-c1l
    @jebbo-c1l Год назад +31

    Europe is a large and rich region. New gas infrastructure will be built before next winter, gas storage is full now, renewables and insulation sre going into overdrive. We will be fine without Russian gas and oil. The Russia government on the other hand will permanently lose their biggest customer to the only valuable thing their economy produces

    • @Jake-rs9nq
      @Jake-rs9nq Год назад +2

      The good news for Russia (for the next few decades) is that China is desperate for gas, and doesn't want to depend on OPEC for it. They've always been concerned about the fragility of shipping lanes, and the possibility that their gas/oil imports are choked. With Russia building pipelines to China, the Chinese will buy mostly Russian gas and OPEC will sell more to India and Europe.
      However, the Chinese have promised to go carbon neutral by 2060. Which means new LNG plants are going to be a rarity after 2030. China is just too vulnerable to climate change to continue burning gas indefinitely. So Russia bought themselves more time, but the clock is still ticking.

    • @sanctamachina
      @sanctamachina Год назад +1

      Easy to say but not possible in reality

    • @Jake-rs9nq
      @Jake-rs9nq Год назад

      @@sanctamachina It's certainly possible. Just requires funding and a little time.

    • @eugens519
      @eugens519 Год назад +3

      @@Jake-rs9nq I’m afraid building pipelines isn’t easy as well. It will take years to reach the same amounts that ruzzia sold to Europe. Ruzzia itself might cease to exist before at least one additional pipeline to China is finished and launched.

    • @holycrapchris
      @holycrapchris Год назад +1

      @@Jake-rs9nq Not really that good.... China will extract discounts, knowing that Russia has limited options to offload their resources

  • @jamalcollier7588
    @jamalcollier7588 Год назад +1

    How did Europe didn't see this coming from Russia....

    • @rdee1069
      @rdee1069 Год назад

      Cuz it didn’t come from Russia.

  • @spencer1980
    @spencer1980 Год назад

    Recycled paper is kidna useless, but when shredded and mixed pataphin or an oil, you'd have a pretty nice heat source.

  • @koljaofficial
    @koljaofficial Год назад

    Nice!

  • @almamercer4423
    @almamercer4423 Год назад +2

    my question is , how are they going to pay for this ?

  • @paulkozhipatt1472
    @paulkozhipatt1472 Год назад

    Gulf of Cadiz - love the authentic pronunciation

  • @FitGeek
    @FitGeek Год назад +3

    Vamos capitalistas del mundo! Unidos somos más fuertes 🤜🏻🤛🏻

  • @djsmithe
    @djsmithe Год назад +4

    Putin - I'll cut off the nature gas. That will bring Europe to it's knees.
    Europe - We'll get natural gas from somewhere else.

    • @markkierznowski6121
      @markkierznowski6121 Год назад +2

      Yes but at what price?

    • @djsmithe
      @djsmithe Год назад +1

      @@markkierznowski6121 It will cost Putin far more.

    • @Commievn
      @Commievn Год назад +3

      @@djsmithe cost Putin far more?
      Putin company like Gazprom is at record profit.
      They are diverting their gas and oil to China and India or offshore company in Italy.
      Russia is making money regardless while EU is getting rip-off by everyone, especially their "greatest ally" U.S.

    • @ffaa9422
      @ffaa9422 Год назад

      @@Commievn the Russian economy is not just Gazprom

  • @James-dv1df
    @James-dv1df Год назад

    Didn't seemed to talk around reduced usage as people can't afford as the price has gone up so much

  • @RS-vu3df
    @RS-vu3df Год назад

    0.57: the 40 percentage dependability on Russia should be Norway, in case the colours are correct.

  • @danstrick3314
    @danstrick3314 Год назад +2

    “It’s done”

  • @wrecker8236
    @wrecker8236 Год назад +2

    Remember when Trump warned europe against Russian dependency on oil, and everyone laughed at him.

  • @NYCVideoRider
    @NYCVideoRider Год назад +2

    It's done.

  • @vishalkhanna1476
    @vishalkhanna1476 Год назад

    Hello,
    Do we anticipate good demand during Winter of Natural Gas... considering its on lower end should we accumulate Natural gas over period of time and wait for spike in winter to book Profit.

  • @5150TJT
    @5150TJT Год назад +2

    UK blew up Nordstream, you don't research much 🤔

  • @harperwelch5147
    @harperwelch5147 Год назад

    Because there’s not enough storage space. Already heard this.

  • @zekeriya84
    @zekeriya84 Год назад +1

    Nord Stream I has a capacity of 55 billion m3/a and Nord Stream II has a capacity of 55 billion m3/a. Total 110 billion m3/a. And I don't mention here other gas pipelines but YAMAL has also 33 billion m3/a capacity.
    Do the ships has enough gas to fulfill that demand ? Heating home is just a tip of one problem, other problem is energy hungry industry. Mostly car makers and heavy industies.
    * World largest/biggest LNG tanker has nearly 55.000 m3 capacity. Also these gas needed to cooldown and compressed before transportation whic is not energy efficent and costly.

    • @steveellis2501
      @steveellis2501 Год назад

      Not even close. There are about 450 LNG tankers in operation globally. That's it.
      Estimated number tankers needed to replenish same volume as Russian piped supply about +1200 ships.
      ..and building an LNG tanker certainly
      ain't same as just making an I-Phone..

    • @zekeriya84
      @zekeriya84 Год назад

      @@steveellis2501 There are mostly small LNG tankers / ships: Only a three of them has bigger than 450.000 m3 capacity. And dont forget, getting lng / gas with ships / tankers costs 5X more than Russian pipeline.

  • @rdee1069
    @rdee1069 Год назад +1

    The culprit of the Nordstream gas line was claimed by Truss in the UK, who reported to, and was ordered by, Blinken.

  • @jayyoo906
    @jayyoo906 Год назад

    World gas is over supply but logistics is not ready as trade route differs.
    2023 over production will be problematic.

  • @ΔήμοςΜετεώρων
    @ΔήμοςΜετεώρων Год назад +1

    It was weird not hear a word about the fact, that most natural gas tanker in Europe are in Greek or Cypriot hands. Which of course, changes a lot. Dear wall street journal, do better research next time you are producing a video or story.

  • @arkopro30
    @arkopro30 Год назад +1

    This report must be joke on Europe from USA...

  • @TMM-N
    @TMM-N Год назад

    Simple- they are waiting for the prices to go up before selling to EU!
    They are screwed!

  • @wuhantechnocrat1683
    @wuhantechnocrat1683 Год назад

    Just rent the ship and use it as storage/pump station...

  • @umeshchittirai
    @umeshchittirai Год назад +1

    Because USA is waiting for the price to go high and then unload them at high price.

  • @rodmena3404
    @rodmena3404 Год назад

    Waiting for the price to go up

  • @TheAgentofWallStreet
    @TheAgentofWallStreet Год назад

    Guys the stock market knew beforehand the CPI numbers would be low (and surged of course), the MACD positioned itself in the Futures markets. On 10/13, 10/21, and 11/10 it shows the same MACD Futures pattern before markets surged those days. I discussed this last night

  • @MackMateCom
    @MackMateCom Год назад

    There staying off shore till prices rise it’s a fact

  • @shigai9727
    @shigai9727 Год назад +2

    Everybody know it’s American who did this. Yet WSJ failed to mention a single word.

  • @Snowbird_89
    @Snowbird_89 Год назад +1

    They should just end the pointless sanctions against Russia

    • @ronblack7870
      @ronblack7870 Год назад

      now we should just use our air power to destroy all russian forces in ukraine.

  • @marlenfras5490
    @marlenfras5490 Месяц назад

    Good reporting. Thank you. Strong Ukraine. Strong NATO. Strong Poland.

  • @learntostrafe
    @learntostrafe Год назад +1

    What happened to GREEN ENERGY?

  • @id10t98
    @id10t98 Год назад

    The good news for investors is this situation is driving up the cost for tanker rentals. #GLNG, #FLNG

  • @KennyL1
    @KennyL1 Год назад +2

    Looks like vultures hovering over a dying animal. Should something happen to one of these ships, the price of LNG in Europe will go through the roof.

  • @donalain69
    @donalain69 Год назад +2

    1:48 next to being absolute nonsesne to claim Russia blew up its own pipeline and not the US after trying to block NS2 with everything they possibly could do to stop it for years ... one of the pipelines is actually still operational, and Putin offered to supply germany with gas already several times.. the problem is just the german governemnt keeps refusing it.

    • @16252
      @16252 Год назад

      Oh dear another vatnik who thinks that Putin never did anything reprehensible.
      If only Western journalists were like Russian journalists, and only said nice things about Vladimir Putin.

  • @henry-bo3np
    @henry-bo3np Год назад +2

    RE 1:35 - 2:00 of this video, the United States with help from the UK blew up the Nord Stream pipeline.

    • @codycast
      @codycast Год назад

      Lol. Wrong.

    • @henry-bo3np
      @henry-bo3np Год назад +2

      @@codycast of course it is true.

  • @tornado-s-2012
    @tornado-s-2012 9 месяцев назад

    In Europe, demand for gas is being artificially destroyed, which leads to “deindustrialization” in some countries. There, for the first time in the history of world energy, demand for gas is being artificially destroyed. To the primary energy carrier. Deliberately destroying demand for one of the cleanest energy products. This has never happened before in history.😂

  • @byloyuripka9624
    @byloyuripka9624 Год назад +1

    1:55 lol wsj, who dunnit? who profited from it lol 📈

  • @amitpratap7551
    @amitpratap7551 Год назад +3

    After US attack on Nord Stream pipeline, Europe is really struggling!

  • @Soulofmusic876
    @Soulofmusic876 Год назад +1

    Unexplained leaks 😂😂😂 funny

  • @ergysbardhi
    @ergysbardhi Год назад +1

    What why...who haven't heard about the energy crisis!!?😂

  • @danielgriffin8132
    @danielgriffin8132 Год назад

    So the EU WILL HAVE GASS THAT'S WHAT'S IMPORTANT. Just build more storage this coming spring. The price will work it's way down.

  • @chrismasters1050
    @chrismasters1050 Год назад

    Yeah, like we didnt see that coming....great journalism guys....!@#$%!

  • @vishalkhanna1476
    @vishalkhanna1476 Год назад

    Is Natural gas now gaining momentum n traction for UPmove??

  • @djjon1388
    @djjon1388 Год назад +1

    I bet Europe is missing cheap Russian gas now

  • @jameshayden5927
    @jameshayden5927 Год назад

    But the BBC said .......

  • @bigbulldozer9708
    @bigbulldozer9708 Год назад +8

    Each LNG tanker headed from the USA to Europe represents an increased cost for the already abandoned american middle class to to heat their homes, cook their food, and keep the lights on. But that will show Putin!!!

    • @A3Kr0n
      @A3Kr0n Год назад

      We'll just raise taxes on the rich which is OK because they don't pay taxes to begin with and still won't.

    • @16252
      @16252 Год назад

      It will show Putin, and that in turn will keep the world safe for the American middle class.

    • @byloyuripka9624
      @byloyuripka9624 Год назад +1

      @@16252 put down the pip dom

  • @MrEvansjethro
    @MrEvansjethro Год назад +6

    The culprit in the sabotaged pipelines, is the same beneficiary of the EU's misery. Russia had a great bilateral trade relations with most EU countries; however, that was not the prospect the US government envisaged regarding the Russian economy, hence they warned the EU about it's dependency on Russian gas. Guess who's dependent on who today for the supply of the most expensive gas supply. Like Antony Blinken said, this is a tremendous opportunity for the US.

    • @byloyuripka9624
      @byloyuripka9624 Год назад +1

      whoa there jethro you must be some kind of genius to put that together. weird that wsj couldnt huh lololol, they dance all around it but cant say it

    • @gerolfvanoudshoorn4359
      @gerolfvanoudshoorn4359 Год назад

      Wow, I didn't know that it was US who stopped supply of russian gas to EU, not Putin himself. By the time the pipes where sabotaged they were not pumping gas for several months.

    • @MrEvansjethro
      @MrEvansjethro Год назад

      @@gerolfvanoudshoorn4359 @Gerolf van Oudshoorn Well, it shouldn't surprise me that you're immature when it comes to geopolitics. Sadly, your rationale is perpetuation of the mainstream media propaganda machines narrative. Sabotaging pipelines and stopping of gas supply are two different actions. Moreover, Russia did not completely stop, but limited the supply of gas due to sanctions and a counter measure of gas for Rubles hence a sale by Euros will render such sale as a free gas, hence Russia will not have access to their foreign reserves. To date, Russia is still supplying gas to Europe via Ukraine, and is not being paid for. The US now the main supplier and supplying 70% of it's LNG which is 4 times expensive than the Russian gas. Are you really that gullible?

    • @gerolfvanoudshoorn4359
      @gerolfvanoudshoorn4359 Год назад

      ​@@MrEvansjethro mate stop eating russian propaganda. Such "expirienced" geopolitician like you should know that not all things in the world are measured in money and russian gas comes cheap in money but too expensive in other means, like national security.

    • @MrEvansjethro
      @MrEvansjethro Год назад

      @@gerolfvanoudshoorn4359 Says a gullible person.

  • @ddoherty5956
    @ddoherty5956 Год назад

    That's a step worse than being the captain of the Mary Celeste 😳

  • @A3Kr0n
    @A3Kr0n Год назад +3

    You make is sound like this is Russia's fault when it is the EU sanctions that caused the trouble.

    • @timha4102
      @timha4102 Год назад

      1. Russia invading Ukraine.
      2. My homeboy here saying it‘s because sanctions.
      3. giggle

  • @andymullins84
    @andymullins84 Год назад

    When Elvis Costello talks, people listen.

  • @PVAglue-fi4kc
    @PVAglue-fi4kc Год назад

    Central Europe will need the gas in December, to keep warm.

  • @Engel888
    @Engel888 Год назад +1

    EU and Biden blew up the Nord 1 2

    • @rdee1069
      @rdee1069 Год назад

      UK and US.
      UK is no longer in EU.

  • @aaronvallejo8220
    @aaronvallejo8220 Год назад +8

    So the limited European natural gas storage is basically full with lots of full tankers waiting...while high insulation, high efficiency and renewables are rocking and rolling with urgency. Good. Let us all race to full renewables.

    • @gregorymalchuk272
      @gregorymalchuk272 Год назад

      And while Germany has the highest electricity prices in Europe and they are prematurely closing nuclear power stations.

    • @Hotspur37
      @Hotspur37 Год назад

      Europe is electrify everything at an upprecedented level. Those of us the build eletrical equipment are seeing huge demand for equipment in europe right now

  • @robertkacala
    @robertkacala Год назад +1

    Because is too cheap to sell

  • @chrisklugh
    @chrisklugh Год назад +10

    Ah... its too bad. I was really looking forward to seeing Europe Freeze under their incompetence.

    • @JohnDoe-oq4zs
      @JohnDoe-oq4zs Год назад +9

      Genocidal much? How are they incompetent if they were able to quickly adapt to an unprecedented shock to their energy system.

    • @chrisklugh
      @chrisklugh Год назад

      @@JohnDoe-oq4zs They started the Cold War. They should end in the Cold.

    • @ronnie5329
      @ronnie5329 Год назад +3

      Chris is a sad sad man

    • @chrisklugh
      @chrisklugh Год назад +1

      @@ronnie5329 Your brain sounds washed.

    • @TheMagicJIZZ
      @TheMagicJIZZ Год назад +1

      Europe is a warm place not cold

  • @lesterksi4521
    @lesterksi4521 Год назад

    So there are no supply issues then. Right?

  • @user-et7fv6fz6q
    @user-et7fv6fz6q Год назад

    I guess Europe better figure out how to go green. There would be a lot of new jobs created to help scale this efforts as quickly as possible.

  • @AKESOJEUNESSE
    @AKESOJEUNESSE Год назад +4

    I feel sorry for EU countries having to wait and paying premium prices for gas. Thats the price EU citizens has to pay for their govt’s decision to stop buying cheap gas from Russia.

    • @16252
      @16252 Год назад +3

      You make it sound as if Europeans would be happier if they lived in places like Russia, for example.

    • @cy-one
      @cy-one Год назад

      No need to feel sorry for us. We're doing fine.

  • @gorgigorgiev7746
    @gorgigorgiev7746 Год назад +2

    Simply for the prices to rise so they can make a bigger profit.

  • @Joban1199
    @Joban1199 Год назад +1

    This shows no one is your friend especially USA, every one is here to make money. Europe shour thank Russia for cheap energy for years.

  • @atulyadav3197
    @atulyadav3197 Год назад

    Waiting for gas price to go up an then unload?

  • @mameleiro5127
    @mameleiro5127 Год назад +2

    Greed in its purest form

  • @srbislavn
    @srbislavn Год назад

    Okay..... You can't put a price on freedom and Europeans knows that very well.... although it's a little bit expensive and not so reliable but again it's freedom we are talking about....

  • @marcelbrouwer2182
    @marcelbrouwer2182 Год назад

    waiting for best price lol

  • @vishalkhanna1476
    @vishalkhanna1476 Год назад

    Does NATURAL GAS COMMODITIES at current fall looks attractive???

  • @nicktrevi2990
    @nicktrevi2990 Год назад +6

    Germany had NS2 but never opened it. A hidden sanction is still an act of war, albeit economic

  • @shangkarhkumar8968
    @shangkarhkumar8968 Год назад

    of course, you can sell the gas to EU at 4x higher price.

  • @takudzwachihuri662
    @takudzwachihuri662 Год назад

    Why not have talks with Zimbabwe they have oil and gas so far? 🤔

  • @bcvxx8688
    @bcvxx8688 Год назад +6

    Two European countries, Lebanon and Israel, have reached an agreement on their maritime border and potentially have immense gas reserves which is good news in the path towards diversifying Europe's gas supply sources.

    • @cilinix4548
      @cilinix4548 Год назад +10

      European countries? LOL

    • @tboner4062
      @tboner4062 Год назад +2

      Ok when these two counties became Europeans?

    • @bcvxx8688
      @bcvxx8688 Год назад +1

      @@cilinix4548 Huh?? Yeah European countries? What's up?

    • @cilinix4548
      @cilinix4548 Год назад

      @@bcvxx8688 Lebanon and Israel are middle eastern countries, not European