Comments on: How EU can wean itself off Russian gas http://blogs.reuters.com/hugo-dixon/2014/03/24/how-eu-can-wean-itself-off-russian-gas/ Mon, 18 Apr 2016 14:55:08 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: pbgd http://blogs.reuters.com/hugo-dixon/2014/03/24/how-eu-can-wean-itself-off-russian-gas/comment-page-1/#comment-767 Tue, 25 Mar 2014 22:56:15 +0000 http://blogs.reuters.com/hugo-dixon/?p=771#comment-767 The Germans will be the ones who have the most to lose. They will therefore be most reluctant to be weaned off the Russians because they had rushed in where angels fear to tread.

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By: Loucleve http://blogs.reuters.com/hugo-dixon/2014/03/24/how-eu-can-wean-itself-off-russian-gas/comment-page-1/#comment-766 Mon, 24 Mar 2014 15:34:41 +0000 http://blogs.reuters.com/hugo-dixon/?p=771#comment-766 Russia is planning on selling their gas to China, thereby avoiding the petrodollar.

Look for an announcement in May when Putin visits Beijing.

Problem solved. For Russia.

US foreign meddling, or policy, has alienated the entire planet (except our fellow consipirators – UK etc). They all want out of the dollar.

In 5 or 10 years, the dollar will have its Lehman/Bear Stearns moment. Presumably, CB’s will have purchased nough gold by then to go back to a gold standard. (Thus the 3 am NY time hammering of gold futures…………suppressing the price……….allowing the major players to buy.)

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By: tmc http://blogs.reuters.com/hugo-dixon/2014/03/24/how-eu-can-wean-itself-off-russian-gas/comment-page-1/#comment-765 Mon, 24 Mar 2014 14:30:34 +0000 http://blogs.reuters.com/hugo-dixon/?p=771#comment-765 @QuietThinker, “And the costs of LNG shipment will always guarantee U.S. users a hefty price advantage” is no guarantee at all. What the market will bear is what the price will be, period. We the people have been promised and guaranteed so many things in the past that we no longer believe in them at all. Especially when is comes to jobs and fuel prices.

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By: QuietThinker http://blogs.reuters.com/hugo-dixon/2014/03/24/how-eu-can-wean-itself-off-russian-gas/comment-page-1/#comment-764 Mon, 24 Mar 2014 13:15:00 +0000 http://blogs.reuters.com/hugo-dixon/?p=771#comment-764 Yet more reason to speed up exports of LNG from the U.S. and increase development of LNG shipping infrastructure world wide. Unfortunately some large U.S. industrial users have mounted a large propaganda & lobbying campaign to lock in artificially low U.S. prices by fighting exports. They have co-opted some environmentalists as well.

It makes tremendous economic sense for the U.S. to make profitable exports of natural gas. It creates large numbers of jobs in developing the infrastructure paid for by profits not government dollars. As we see above it increases the security of our western European allies and decreases Russian leverage. And the costs of LNG shipment will always guarantee U.S. users a hefty price advantage – no need for them to be so greedy.

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By: Patrick_Heren http://blogs.reuters.com/hugo-dixon/2014/03/24/how-eu-can-wean-itself-off-russian-gas/comment-page-1/#comment-763 Mon, 24 Mar 2014 12:51:47 +0000 http://blogs.reuters.com/hugo-dixon/?p=771#comment-763 In all the discussion of this issue I have heard little mention of the fact that Russian gas is delivered to various European destinations under long term commercial agreements with a variety of commercial counter parties. The biggest are EON, RWE, ENI and GDF-Suez, but there are many more. These are contracts that have stood the test of time, including, in the case of the most important ones, during the last freezing blast of the Cold War in the 1980’s. The principal stress on these contracts today is not the geopolitical situation (though that is important) but the disconnect between oil indexed pricing (defended by the Russians) and the actual gas market pricing that holds sway in the consumer countries. That disconnect is the subject of ongoing negotiations, but it is not a reason for Gazprom to turn off the taps – nor for the buyers to walk away.

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By: wirk http://blogs.reuters.com/hugo-dixon/2014/03/24/how-eu-can-wean-itself-off-russian-gas/comment-page-1/#comment-762 Mon, 24 Mar 2014 12:22:11 +0000 http://blogs.reuters.com/hugo-dixon/?p=771#comment-762 Diversifying gas supplies is fine but it will cost a lot of money and take plenty of time. Counting on easy sources is very optimistic: for example Poland was going to be shale bonanza but emerging real evidence is rather bleak. Perhaps the UK will fare better.

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