Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Display:
China Daily | Major US role in Ukraine opposed, 25 Feb
Just 26 percent of the respondents say the US should have a major role in the conflict, according to the survey from The Associated Press-NORC Center for Public Affairs Research. Fifty-two percent approve of a minor role for Washington, and 20 percent want the country to steer clear of involvement.
[...]
"We make national security decisions based on what's best for our country's national security, not on the latest polling," [WH press secretary Jen Psaki] said.

Jennifer Rau, a 51-year-old mother of three who lives on Chicago's South Side, said she listens to local public radio for her world news. But in recent days, when the news turns to Russia and Ukraine, she has started to tune out.

"I'm so frustrated. It's enough. We're bombarded," Rau said. "There are other stories in Chicago that need to be covered. I just feel like there's a war going on in the United States, every day, in Chicago," she said, referring to the city's high crime rate. "And it is really scary. And I feel like no one helps us."

Editorial | Washington's perverse foreign policy has resulted in a multi-lose tragedy, 24 Feb
With the Nord Stream 2 natural gas pipeline project suspended, something that has long been a thorn in the flesh of the US economy and its policy approach toward Europe, the European countries will have to rely more on energy resources from the US or the energy providers it controls, although at a higher price, binding their economies closer to it.

It also helps breathe life into "brain-dead" NATO [Macron, Nov 2019] so that the US can tighten the security shackles it has imposed upon European countries and which they were trying to loosen. The European countries have predictably indicated that they intend to tie themselves closer to the US security umbrella, scuppering any notions the European Union may have had of greater autonomy in its foreign relations.

archived Brain Dead NATO Gets New Mission in European Defense 4 Freedom, "to exit NATO might be the only way to revive that 'brain dead'," below the fold, Thu Nov 7th, 2019
by Cat on Fri Feb 25th, 2022 at 02:26:09 AM EST
[ Parent ]
the European countries will have to rely more on energy resources from the US or the energy providers it controls, although at a higher price, binding their economies closer to it.

I don't believe that to be true (need to see some numbers). The massive expansion of LPG in recent years, not only from the US, has created a perfectly fungible and much more competitive market, as far as I can see (somebody please correct me if that is not the case). Putin will have no difficulties selling his gas eastward, Europe can get tankers from the middle east and the US, zero sum game. Energy prices are high because of rising demand (and producers clutching the throttle), but that can be fixed... Probably by massive demand destruction.


It is rightly acknowledged that people of faith have no monopoly of virtue - Queen Elizabeth II

by eurogreen on Fri Feb 25th, 2022 at 11:34:12 AM EST
[ Parent ]
I don't think that is strictly true. Last I heard any interconnection between the gas fields in western Russia towards the east where still a decade off.
by generic on Fri Feb 25th, 2022 at 11:55:20 AM EST
[ Parent ]
Gazprom said in a statement it planned to increase gas exports to China to 48 bcm per year, including via a newly agreed pipeline that will deliver 10 bcm annually from Russia's Far East.

Russia already sends gas to China via its Power of Siberia pipeline, which began pumping supplies in 2019, and by shipping liquefied natural gas (LNG). It exported 16.5 billion cubic metres (bcm) of gas to China in 2021.
[...]
Gazprom said in a statement it planned to increase gas exports to China to 48 bcm per year, including via a newly agreed pipeline that will deliver 10 bcm annually from Russia's Far East.

I may be wrong, but given that they also deliver LNG by rail, I don't think the non-interconnection between Siberian and Caucasian fields is a huge issue.

It is rightly acknowledged that people of faith have no monopoly of virtue - Queen Elizabeth II

by eurogreen on Fri Feb 25th, 2022 at 12:51:28 PM EST
[ Parent ]
PLATTS | , 2 Dec 2019, because that's where the NEW money is headed
The 5 Bcm/year of gas supply is estimated to account for around 1.6% of China's total gas supply estimates of 316 Bcm in 2019, according to S&P Global Platts Analytics and China's National Development and Reform Commission. Once it reaches full capacity of 38 Bcm/year in 2022-23, it would account for around 9.5% of China's total gas supply estimates of 402 Bcm for 2022.

"By 2023, nearly 40% of Chinese gas demand growth will be met through Russian gas from Power of Siberia. With global LNG markets banking on Chinese demand growth to sustain new projects, Russia's pipeline and LNG pincer move on Asia does give reason for pause," said S&P Global Platts Analytics senior LNG analyst Samer Mosis.

This will make Russia one of the major natural gas suppliers to China in the future, besides Australia and Turkmenistan. Australia and Turkmenistan are currently the top two natural gas suppliers to China, sending 22.8 million mt or31.4 Bcm, and 20.2 million mt or 27.8 Bcm in the first 10 months of this year, Platts' calculation based on data from the Chinese customs showed.

The dead money is circling the Greater Middle East drain. I bet, EU's new best friend Qatar knows that. KSA certainly does, to judge by diversification of its refining bidness in the run up to ARAMCO IPO, o wait, 11 Dec 2019.

by Cat on Sat Feb 26th, 2022 at 03:03:33 PM EST
[ Parent ]
Putin will have no difficulties selling his gas eastward, Europe can get tankers from the middle east and the US, zero sum game.

Not immediately, no:

For the first part, the Russian gas pipeline infrastructure - crucial for deliveries - is still, to the majority of its capacity, directed towards Europe, not China. Pipelines have been built in Siberia and others may follow, but the capacity is not there just yet.

For the second part, I've read from some big cheese in an EU energy corporate (probably Total), that Europe doesn't have enough capacity at its LNG terminals at the different ports to switch overnight from pipeline delivered gas to tanker delivered LNG. Here too, it will take time. Energy infrastructures are slow moving.

by Bernard (bernard) on Fri Feb 25th, 2022 at 11:55:21 AM EST
[ Parent ]

Display:

Occasional Series