Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Europe's strategy, I mean. Why not buy at contracted price? Going to the spot market puts price control into Russia's hands.
by asdf on Sun Feb 6th, 2022 at 06:46:59 PM EST
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Determining energy policy through Russophobia mindset ... see my post about Poland and the Baltic pipeline ... when the choice disappoints, spinning the narrative goes a long way.

See my link to ...

Russia-Poland gas relationship: risks and uncertainties of the ever after | Oxford Energy Studies - June 2020 |

Poland to buy spot gas once Gazprom contract ends | Argus Media - Sept. 13, 2021 |

"Having the technical ability to import from western Europe, we would be able to buy gas on the spot markets when needed," Piotr Naimski, the Polish government minister responsible for energy security and infrastructure, said.

'Sapere aude'

by Oui (Oui) on Sun Feb 6th, 2022 at 08:01:39 PM EST
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Despite short-term pain, the EU's liberalised gas markets have brought long-term financial gains | IEA - Oct. 22, 2021 |

Today's record-high natural gas prices have raised questions about the liberalisation of the European Union's natural gas market and its gradual move towards allowing real-time market trading to set prices rather than long-term contracts.

While liberalisation has meant greater European exposure to the recent spikes in the price of imported gas, it has also cut the EU's gas bills over the past decade. And the increased flexibility it provides will be essential as the continent transitions to greater reliance on renewable energy sources, which are cleaner but whose output is more variable.

Deflecting blame to ... Russia of course!

Russia is orchestrating Europe's gas crisis, says IEA agency boss Fatih Birol | The Guardian - Jan. 12, 2022 |

'Sapere aude'

by Oui (Oui) on Sun Feb 6th, 2022 at 08:03:30 PM EST
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Haha that's the same argument that caused all the trouble in Texas last winter. Short term lower cost, then a sudden spike and everybody goes broke.

Standard result of deregulation, same thing as the port mess in Los Angeles.

by asdf on Sun Feb 6th, 2022 at 08:48:10 PM EST
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