Germany opens new LNG terminal in record time to replace Russian gas | DW News
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- Опубліковано 16 жов 2024
- Germany is one step closer to ending its reliance on Russian gas after a huge ship containing liquified natural gas arrived at the port of Wilhelmshaven on the North Sea. It is a key part of the infrastructure that will allow the processing of the fuel to take place. Germany is counting on LNG as an alternative to the natural gas it used to receive via pipeline from Russia.
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#Germany #Russia #Energy
It's pretty amazing what the Germans can do when they don't get entangled in their own bureaucracy.
that is the problem exactly that, i dont understand it either why we have so much of it
Yeah we need to get rid of a lot of bureaucracy
Yep, two wars against the world proved just how ambitious Germany were back in the day. Shame Germany bent over and let Russia stick it's schnitzel straight up it's krankenhouse. Germany needs to stop licking autocratic countries for fuel and get part of the bigger picture.
@@mister-hambo like todays day rearming everyone was suprised and cheerfull, forgeting that they forced us to unarm and bind by contract and "teach us" how bad we are, so not germany this and that bending over, just literally a guild poem by the other powers 😝
True ... even the old codgers are still active and organise coups ... amazing indeed. Each one of those old Reichsbuerger bastards tied up 120 riot cops. Chapeau to these codgers.
Great work Germany 🇩🇪🇸🇪!
Swedes back to their bunkers this war
previously, Germany received gas from Russia for 300 euros, now American for 1000 and more ...Great work Germany
Not really. They've been EXTREMELY naive, regarding russia. All of Europe, is now paying the price for Germanies stupidity.
@@alexvitoch564nope. In August germany recieved russian gas for 1000 euros as well. Russia did partivipate in the price wsr as well.
@@HybridHumaan you are right, but this is after Germany started supplying weapons to Ukraine, and it is right that the Russians started selling gas to Germany so expensive, all means are good in war
Congratulations 🎊 👏 Germany 🇩🇪 👏 💙 ❤️
🤣
Good job Germany! And please don’t ever shut it down permanently. Having an LNG terminal is good insurance of energy security.
“Don’t put all your eggs in one basket” and all.
Keep telling them this.
Good job? They're scrambling to fix long term blunders they'd been warned about and scoffed at.
new dependencies....
the people who sabotaged Nordstream and got away with it, can also sabotage this facility .....
@@hansverbeek822 Germany will always be dependent. It has no resources.
Triple the price yes good job
If only American news could learn to just tell me the news and let me think for myself like DW does how refreshing that would be.
...like most news stations in Europe do! Come over, we don't have that much space but much nicer living conditions.
@@Red80008 norway I wouldn’t mind
that is the issue right there STOP WATCHING MSM you fool
@@MrMoses86 msm ?
Hi! I notice US news channels are employing more UK reporters over time. They are trained here to give you the facts as they see them, not opinions or a political point of view. It's basically because of the BBC that is held very strongly to account not to have bias of any sort in it's reporting. Good luck!
Good job Germany 🇨🇭🤝🇩🇪
Howver, what is not being said is the cost is six times more.
@@she825 you can have cheap gas & fund fascist imperialists or you can deal with the higher prices in the short term until other options are found. Glad EU leaders have a backbone.
fascist & imperialists EU and USA
@@jacqdanieles if you want to be independent master quickly find New dieselgate or shoot pipelines)))
It is now −12°C in south Germany and I still don't need heating at home (room temperature at 13°C).
I don't understand why some people need to heat their home to 25+ °C, when you can easily wear a pullover and pants and sleep with a thick (down) blanket (I come from a tropical country with daily temperature around 33°C and I still get used to it).
Mold incomming? Keep the temp at least at 16°C
Hello from Poland, try to do The same but 16 is just to cold for me.
it's less about heating that much but more to home insulation. Many old apartments in the big cities simply have less efficient insulation, more heat loss in the walls and piping itself and therefore they burn more to maintain a certain temperature.
My home is old and has poor insulation - I also got sick recently - in order to heal I increased temperatures.
I moved 5 years ago from Germany to Spain so i have today 20 degrees plus and don`t heat at all.
On Canada's west coast at Kitimat BC there is an LNG export plant 70% finished.
The LNG Canada terminal will have the capacity to export 14 million tonnes a year (Mtpa) of LNG over its estimated project life of up to 40 years. It is estimated to cost C$40 bn making it the biggest energy investment in Canada to date. Hopefully, this will help Europe & the world.
Save some gas for your old customers here in Seattle!
Unfortunately, Seattle just passed laws prohibiting gas hookups to new homes being built, or replacing furnaces in existing homes with natural gas.
Climate hysteria is rampant in Seattle as the environmentalist elites ape their peers in California.
They won't get a little one to Europe. All of this will go to Asia ( I work in Supply Chain).
If the remaining 30% can get built and up and running, it could be 2025-2026. There could be a worldwide glut of LNG by that time. The plant should have been operational years ago. The demand is now.
@@maxineporter8848 Exactly, everyone is building LNG now. Canada always a day late and a dollar short
Too little to late for Canada ,this is just a stop gap for Germany they are looking to hydrogen
rock on Germany keep moving forward !
Yeah, keep buy Russian gas, hide origin of it and pay 4 times more! Bravo, Germany!
🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣
You must mean ''downward''...
They're buying at a very huge cost... probably 3-4 times the much they were doing it from Russia before sanctions.
@@alexandermutune6131 it burns way more efficiently and cleaner though. The costs aren't as high as you think.
@@wom_Bat fool.
The difference in Political Will is here for all to see. Feb 2022 "we rely on Russian Gas and there's no way out". Dec 2022 "we did 5yrs of Infrastructure in 3months".
You see how things can go at amazing speed when bureaucracy is put aside
I think Germany is also considering to put in place the infrastructure to receive liquified hydrogen in the future. That's even more proactive.
You need a whole different system to transport, receive, pipe (distribute) and utilize liquefied hydrogen. None of this is engineered, funded.
Just shows how much you can get things done without all the bs regulations
the regulations where in place to serve interests those interests no longer are valid since europe consideres that rusia attacked them not ukraine per say in the past those regulations where made via russian bribes and lobby and also low prices but that was no longer the case since 2020
Thank god for Norway and the UK. If it was not for the their pipelines, the UK's LNG shipping fleet and sophisticated de-liquifing infrastructure German reserves would be very low. I now hope Germany will appreciate what the UK and US have done for them and stop pretending how superior they are in Europe.
I love German innovation but the arrogance of German politics and the EU is a joke. Thankgod theh Brits left.
@@lawrenceabbott5292
Good day,
To be quite frankly, I quite fairly agree with you in full.
It is a shame what arrogance the EU, but especially Germany, exude (I am also pretty happy, that we left this socialistic organisation).
However, I must unfortunately put your hopes into perspective.
I can understand German (because of my relatives who live in Germany) but I am fortunately English.
The German news agencies, as well as politicians within Bundestag sessions, are quite a lot proud of what "they" have achieved. Unfortunately, you actually never hear about Britain's support, in the German news. In the Bundestag, as well as in the news, the only country that is always talked about is Qatar, and the US (at the beginning it was also Norway).
We should not make anything of it, if you ask me. The Germans see themselves, as the "leading nation" of Europe, without which Europe would possibly collapse, and further possibly much more, what would be called irrational and surreal, out of the view of every normal person.
If I were you, I wouldn't get het up too much about this, that is how the german politicians are.
I wish you, my honourable sir, a splendid day.
Blowing up pipelines to force Germany to buy LNG from the very country that blew up our pipeline? Forcing us to pay 4 times as much for gas and dooming our industry, so that ultimately the industry will move away from Germany and to the USA?
Usually we take our time to listen to all concerns of all parties who might be involved. Often very annoying but when things are pressing we can do without and make some people angry.
But how much is the lng gas itself costing to buy in comparison to the piped stuff ?
These new terminals cost billions. But should have been done years ago.
Atm the LNG gas is cheaper because the harbor is full of ships carrying it, those ships want to get rid of it as fast as possible so that they can transport new one, wasting time cost money.
@@wokeaf1337 6x
Good. I am glad you guys got things done. The terminal is built in record time. That just shows you how much time and energy has been wasted in the past bureaucracy.
- "That just shows you how much time and energy has been wasted in the past bureaucracy."
Does it? How much was it then? Do you know how much of this speedup was achieved because some "bureaucratic things" weren't done, and how much was because more people and money were used to get the terminal built faster? One of the easiest ways of getting something wrong in this world is to draw conclusions from insufficient amount of facts.
@@adoatero5129 Knowing germans, i can tell you they did not make any short cuts. This terminal is up to code and meets all the safety and environmental requirements. This is a top notch job. I can also tell you, in the past, a terminal like this would take 10 to 20 years of bureaucracy.
"Germany is betting on LNG as energy source"... AFTER green energy sources come up severely lacking, which was TOTALLY PREDICTABLE.😆
Germany: Russia can inhale their gas supply to put it to good use during winter 😄
And buy Russian gas through resellers 4 times more expensive 🤣
Spain is buying gas from russian
Italy is selling Russia oil via lukoil
@@이주영-h5j9n russia has very limited lng capacity. I don't think that will be a big issue.
@@TMM-N Then it's no longer Russian. Lukoil will be the one to profit.
@@이주영-h5j9n Russia doesn't have the capacity to liquify their gas. And they don't have the pipelines to sell it to somewhere else either.
Thanks for providing reliable and helpful news
That’s what the Russians say about RT new and the Americans about CNN 😂😂
Buy four time expensive - very good news)))
always surprised how quickly Germany can get things rolling
Well, we are being threatened by the Russians. Historically speaking that's one of the few things that can make us overcome our bureaucratic inhibitions.
...eventually
When you are cornered and what it seems not wat out, you'll do whatever it takes to fight your way out of the problem.
In the same amount of time Spain built 2 new terminals.
@@marneus germany has manymore incoming veru soon
Great work Germany,, we pray for you and support you,Love from Bangladesh 🇧🇩🇩🇪💓
Now inestead of Russian gas you get secondhand Russian gas.That is a good deal.
Bingo. Quite about 30% of gas was originally still from Russia however 3th parties are selling at higher mark up prices to eu and Germany
How is it second hand russian gas? Lmao literally making stuff up
At what discount?
@@AB-sr9mc Energy flows in mysterius ways
@@AB-sr9mc Shown on TV yesterday, that about 15 % gets "re-imported" via Spain and Belgium ....
New Mexico to Louisiana to Germany. We have Tons of the stuff.
I admire the German people.
What for?
@@physiocrat7143 what would I admire you for.
@@kaystewart1118 Do you think that the German people admire their government for the soaring energy prices?
@@physiocrat7143 You seem to know close to nothing about Germany.
@@Elo-hv3fw We in Sweden are providing you with cheap electricity exports while we are paying sky high prices ourselves. That is enough to know. The least you can do is be grateful instead of insulting.
All shipping companies are well known to change flag, nationality, origin, ownership papers from port to port. It is not easily traceable. The gas might be actually from Russia. The purchases are not government to government but goes through many companies, middlemen and agents.
I like how they think -10 C is "so cold" we are sitting here in Canada right now -40 C with wind chill
So? -10 C is still cold
Dear Germany,
Australia exists. Maybe it's worth seeing if you can find us on the map.
Glad to hear. Can we start working on reducing dependence on China now too, please?
China got plenty of customers.
Can you start working on reducing dependence on food & water too? 🤗🤗
I remember when the Germans laughed at Donald Trump for saying you’re going to regret letting Russia have so much control of your energy who is laughing now
Fair play Germany, getting things done.
Fair play one master to another master
It is a joke, they replaced one supplier due to moral objections with another which is as bad, all it did was increase cost for germany.
@@skinless333x2 not Moral objections. Russia just stopped supplying.
@@russell6075 Since when is russia the enemy of germany?
@@youareliedtobythemedia They stopped to supply because of how we did condemn russia for their actions. The joke is the actions of the current supplier are the same.
So please explain to me the benefit in any of it.
What’s not talked about it the price of this natural gas and how it would change competitiveness of its industry. “That will mean that prices remain high … and Germany can’t choose”
As soon as Russia decides to end its clown show in Ukraine, Germany will have a choice.
Germany never had a choice/chance, those excess capacities created in the States were not going to pay for themselves.
@@amirdm8235 so Putin invaded Ukraine to force Germany to buy American gas?
How very devious of him.
Australia has gas. Safe. Reliable LNG supplier.
Too far away there are a lot more closer sources.
Yup its also on the other side of the world i woudn't mind getting gas from there but it might be better if they sell "locally" and we do the same. Thats still reducess prices overall and is much better in shipping costs and the envirement. But the problem is not so much the gas plenty of that pretty much everywhere or at least close by. Its the ships and the installation to (de)liquefie it. Buying gas we can't deliquefie doesn't do us much good.
@@kazedcat I'm not sure that distance is that much of a concern. Large ships are incredibly efficient and the losses of creating LNG from NG are not insignificant either. I'd argue it's worth getting out NG from democratic countries that allign more with our values to prevent a repeat.
😂😂😂
Australia does produce 14 metric tones more then US. Quotar produces 4 metric tones more. There are options in the market. Should help with the price. Germany can shop around.
You know Germany is doing the right thing when the world approves and Russia doesn't like it. It's always a good indicator :)
who are the world?
@@kimeli western world
@@fishlivesmatter Not really unless you think Russian gas is getting pumped back to the ground in Norway and US.
@@kimeli For a Russian it's Vodka. For everyone else it's the whole world but Russia.
@@fishlivesmatter no you can't.
Well done Germany!!
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Germany is counting on US gas, while US is counting money.
So what? Are you delivering energy for free...
Nutcase 🤪
6% nice.
Not exactly record time as the Netherlands also opened a similar LNG terminal in Eemshaven which was build 3 months faster and has recieved a lot of LNG already.
The Dutch do not have to build as many miles in pipeline length. The Netherlands are quite tiny compared to Germany.
You guys happy for 6%. What about the rest until 100% ? 😂😂😂😂
"EU won't survive without Russia."
Germany: "So anyway."
Yeah a free ship with free gas! That's what I call a costly conflict that you got involve
Need more onshore wind, geothermal, hydropower, biomass, solar, and offshore wind.
Solar,turbines need fossil fuels to manufacture,have short longevity and are dysfunctional. Scams!!!
We have a 6% increase of renewables each Ear here in Germany (pre war). And we are already at 50%. So it won't take long.
there is a massive amount of biomass from the palm oil industry in South East Asia left untapped, but I don't think the EU is going to walk back their anti-palm stance after losing their ownership of palm industry to the Asians many years ago. The Asians are already making carbon nanotubes out of those..
@@youareliedtobythemedia German green movement lead on wrong direction. China and Russia build thorium powered nuclear reactors..100% clean and it work!!!!
Future is not to abandon fossil fuels but improve fossil fuels techs to filter and recycle emissions and not let it spread into atmosphere.
Yes more of the same which is working so great for us right now!
germany have brains
Good achievement by Germany 🇩🇪
Yes, when the bottom line is in danger, they will act hastily.
Unpopular fact: The largest LNG exporters to the EU are the United States (44%), Russia (17%) and Qatar (13%). The United States is playing an increasingly important role in the EU gas supply.
Russia is still a major LNG supplier. And there’s been no sanctions on that at the moment.
Yes, it is very unfortunate, but the EU simply cannot afford to impose a ban on Russian LNG these days. As for oil, there are many alternatives and eventually the ban on Russian oil transported by sea came into force when there was the opportunity. It is not that easy to get rid of decade-long dependency within one year
Yea. Great for you.
Yeah, they should've done this much sooner.
previously, Germany received gas from Russia for 300 euros, now American for 1000 and more ...))
And yet border gas price is lower than before.
It's Russian too
So gambling on cheap gas from a dictator turned out to be a bust. not much else to say.
Australia is still the worlds largest LNG exporter, and the most reliable, yet the Europeans refuse to deal with Australia as a supplier by contracts. No wonder Europe is in an energy mess when it favours autocracies instead of democracies for energy.
Go Germany! You guys still probably haven't hit where you should be on that and definitely not at supporting Ukraine, but you are also DEFINITELY increasing the rate on both. Keep it up! :-) Germany HAS donated a lot to Ukraine, number two behind UK in Europe, but it is also exceedingly wealthy, so it could cough up a bit more, IMO.
I applaud Germany for this transition to LNG by building the facilities to accommodate their energy needs. This is progress for Germany Europe's Economic engine to be well positioned as dependency on Russian gas is curtailed leading to new suppliers of energy . Keep up the good work at DW.
Really?
@plantbasedstrong going 100% electric is dumb and wont work
@plantbasedstrong See planted Europe have come to the realization that renewable energies are not sustainable to run Europe. The only option is gas to solve its energy crisis.
@@somnia3423 We have to if we go renewables. We are already late. Luckily the expensive LNG will accelerate it.
@plantbasedstrong blame russia invading Europe like it's 1939.
2:50 He says the origin of this LNG is not Spain but "elsewhere". Hmmm. This seems like important information. A quick search reveals Spain is a net importer of LNG, by a very large margin.
They are obviously buying Russian gas.
I'm in Canada, from Germany originally. I can say without hesitation, that it doesn't get cold in Germany! lol
:) i live in germany, but came around a little and agree. Not really generally speaking anyways. There are at times in certain areas of germany very cold temperatures, but they are not the norm. I therefor didn't quite get the panic of the media at times. I think those who mostly had their panties in a twist were people from industries which are very reliant on LNG for their products. This one LNG terminal though wont change that much as the prices had increased so much that even if we get enough LNG now, the products nevertheless will have to be a lot more expensive.
Yep totally agree. Everyone lives in basements for 5 months in Ontario
Here's hoping the LNG terminals don't go up like the Radisson aquarium in Berlin -_-
Russia is very good at underestimating the capabilities of other countries.
And people under estimate Russia.
@@brianlowe3529exactly, these maniacs often behave more insane than imagined.. 🤪😱
That's why civilised people cancel business with these primitive murders!
In Canada we have lots of gas but no export LNG terminals to transport gas by ship.
Russia has the same problem, their few LNG terminals can not replace the volumes the Nord Stream pipeline transported .
Without the 4 major pipelines to Europe, Russia does not have the infrastructure to replace Europs gas exports for years to come.
Alaska’s North Slope has huge amounts of gas but no way to get it to market.
Germany has made great strides in meeting the challenge of moving away from Russian gas.
have they ? just being told by the americans what to do
Buy Russian gas from reseller, wow it's progress!
@@이주영-h5j9n They are buying mainly from USA, it's transfer of money from Russia to USA. Progress of a different kind.
It comes as no surprise as it has shown its resilience after WWII already.
@@nilslarson7532 democracies don't work like russia. There's actually free will and choice in the west. Besides Australia makes more LNG then USA and so does Quotar. Algeria, Mylasia, and Egypt combined slightly out match USA in LNG exports. USA is far from controlling the market.
Great job Germany. As a Canadian I apologize for our prime ministers actions and not helping you with what you need.
This will only step 1. of a longterm plan which will take maybe a decade or two to find a permanent solution that is not reliant on other countries.
And it really is an incredible achievement to built the needed infra such a short time.
you need only nuclear
I expect that's because obstructionist environmentalists were rudely shoved aside. If that had been done years ago, Germany would never had had it's current problems, which are caused primarily by environmental extremism and climate hysteria.
Surprised they aren't 100% solar and wind by now after spending astronomical amounts of money on the transition.
Keep goin' Germany 💪🏻
Replacing a pipeline with ship transport is a logistical nightmare besides a green catastrophe. Then again Germany has no choice since it killed its atomic energy solution. Thanks to the greens for this new problem. Sometimes the obvious green solution is in fact the long-term problem.
With this terminal only a few percentage of the needed gas is replaced and therefore some more terminals are needed.
Amazing
That's Impressive. German technology excels in times of crisis. It is clear that Germany's bureaucracy needs reform.
as long as it does not lead to wartime gas prices in Australia when we have plenty of gas around...
There’s always plenty of natural gas, the question is at what price.
That's fantastic. We are pulling for Germany, Ukraine, and all of Europe.
Pulling for Germany by celebrating their slide into de-industrialization and 3rd-worldization? They're also getting expensive LNG from *worse* human rights violators than Russia (U.S, Qatar, etc).
Too bad it costs them 4x what Russian pipeline gas costs. Nothing to worry about though, since industry is leaving for China and USA their demand for gas will eventually drop anyhow.
@@andrewj4426Russian gas could cost zero and would still be too expensive - Russia's goal is to have Germany's neck under its boot.
@@cv990a4 Even if true it doesn't negate my statement. If the German people are fine with deindustrlization and shipping jobs overseas then that is fine. BMW and BASF will still build cars and chemicals. it just won't be in Germany.
@@andrewj4426 Cost of doing business in Germany has been well above that of doing business in many of the surrounding states for decades. And yet Germany is still a huge export powerhouse. You might want to think about why that is.
And in the mean time LNG for Germany has been arriving with neighbouring countries and is being piped to Germany.. this often gets left out.
from whom?
@@snuffle2269 A fair amount via UK LNG terminals, the largest in NW Europe, which is also off setting gas we'd already arranged to get from Norway, which can instead go to Germany.
Where and how much?
Well done Germany keep it up
You do know those ships need a pipeline to the undersea lipe oil rigs in order to work with gas right? It needs the offshore gas fields to get the gas, it doesn't work on the docks. Right? You guys do know that? This doesn't help at all...
You probably can get LNG elsewhere but Germany and EU would not possibility to obtain cheap oil and gas anymore hence "manufacturing competitiveness" is doom!
they will just start fracking. in 5 - 10 years the westafrican supply is up and running.
That's why Europe and Germany are transitioning to alternative energy. So we won't be dependent on countries like Russia and still have cheap energy.
EU has a very large inside market so the production will survive easily even with some temporary relative increases in energy costs. Those extra costs will be compensated in exchange rates of Euro also.
Europes "manufacturing competitiveness" is quality not quantity so no doom. The gas price will stay 10% higer as before but this doesnt mean that you`ve to pay 10% more for a Mercedes. So there is realy not much danger for the european economy.
@@miriamweller812 Those can be imported and we do have some that are needed to make renewables work.
Russia isn't the only place where you can get stuff from. Cyber hit on the most important reason why it won't be doom and gloom but i think he is a bit to positive about the compensation of costs. Things will get more expensive and inflation will be higher untill we make the transition.
This would always be the case its just we gonna start with a bang now.
Wow 6% annual needs. I love having these floating bombs cruising around the oceans transporting LNG via huge diesel powered vessels. Too bad Germany doesnt have a couple of direct pipelines to the largest and cheapest CNG producer in the world right.
LNG has become extremely expansive after the war started as every EU country started to buy every available ship in the market.
Give it some time. Prices will come down and the market will stabilize.
At least Germany is independent of Russian gas now 🤣🤣🤣 let them enjoy
@@TheBandit7613 oh really? At least LNG has MUCH more expensive logistics over the pipe. As well as there is not enough of facilites to liquify the gas, so you have to build more and those investments also will included to the price.
@@TheBandit7613 It's more expensive because of all the extra steps needed to transport it. That's why gas that flows directly through a pipe will always be cheaper, and much much more environmentally friendly, than gas that has to be turned into liquid, put on a tanker, shipped across the ocean, and turned back into gas.
@@ov7419 They've been independent from Russian gas since Gazprom turned off the valve.
Russians themselves are not too upset about NS. Most people there oppose trading with enemy states like Germany.
Not the hundreds of thousands of Russians than fled the Country to avoid the draft.
@@Crashed131963 as he said ''most people''.
Hopefully in 10 years Germany would be %100 free of Russian Gaz...
And from money... bcs this "new" gaz is expensive.
And from Russia
We are already 100% free from Russian gas. Well, beyond that which is still in storage, I guess.
@@harmless6813 Cool, I didn't know...
If only they did this years ago
God job Germany. I also like seeing the wind turbines in the background producing energy (0.42).
Look in front!, soon a candle.
There should be an alternative to end this OPEC dominance.
Germans are smart.
By cutting out cheap Russian gas and replacing it with the more expensive LNG? They are smart indeed 😁
@@advant2c543 Yes but its not Russian. Win in a long run. Its called self sufficiency. Win for Germany, and bad future for Russia.
@@セ千尺丂セ how long? After all the energy-hungry industries are out of the country ? 😂😂😂
@@directxxxx71 Lots of heat in Switzerland. I run gas heating in my cottage too.
@@directxxxx71 That's only someone's dream. It will never be a fact. Cute comment though.
Except LNG Germany pays 4 to 5 times as much as they used to pay Russia . I herd from Germans their bill for natural gas increased 10 times from 80 euros to 800 euros .
How do you expect people to pay for that and this is just the increase for natural gas what about gasolin , food electricity and so many other increases .
Great news !
Expensive gas for the future, they should get cheap gas from Russia
In SEA, it's cold for 2 days. We're starting to melt again. If there's correlation, you may try to estimate how EU winter gonna be
Congrats germany from India
Russian energy comes with strings
You're a fool
Germans are genius; exceptionally intelligent.
Excellent
yes, but at what price?
At the price of choking Russia
The problem will be the price of LNG, not access to it. Much of German industry release open low cost gas, and LNG won’t meet that criteria.
Why shouldn't prices adjust, just like when any other market cycles are influencing our liberal markets?
Mid 70'is we experienced even worse impact on European economy, still no one went bankrupt...
@@OmmerSyssel
What????? The mid 70s oil crisis led to global inflation that took many years to control, and bankrupt hundreds of thousands of companies across Europe.
According to Professor Peter Stingilin of Laurier University it almost broke up the EEC. Italy was forced to impose a 50% deposit scheme on all imports. Foreign exchange reserves across the EEC dwindled to almost nothing, France and the UK refused to help Netherlands who were desperately pleading for assistance, and the economies of the member nations were knocked back by a decade.
Strange achievement buying gas now for 1100 per 1000 cubic meters instead of 180 just two years ago...
So proud of Germany. ❤
In essence LNG is sent fro the USA to Spain and then forwarded to Germany
Good to see Germany adjusting to the new world.
A bad orange man did warn them a few years ago, but here we are, and good to see Germany accepting the hard conditions they are in and still pressing forward
Not sure why Germany is not looking to Australia
And to the Moon
German ingenuity.
😅
And time! Where are we on the leader board?
Pray this all works out!😇
Wouldn’t it be a better investment to build a new nuclear plant or two instead of relying on gas imports?
The paradox of it is in the fact that Russia produced LNG (i.e. more expensive than NG piped to Europe) goes to the same facilities and Russia is increasing it's revenue... It has not been mentioned in the report directly, but the expert held back from saying that.
😂 its not mentioned where the tank is coming from
The Russian LNG project has already sold LNG futures locked in long-term supply contracts. New LNG regas terminals won’t really affect their revenue
Can you elaborate your point further. I'm curious to know what you wrote but I don't get it.
Europe is paying such a premium for LNG that ships will queue to try to dock here coming from all over the world, when it comes to LNG we do have the option to not take it from Russia.
@@triple777seven When the project was commissioned the production capacity was already bought out by China. This means that they agreed to purchase the gas for the next 25 years at a price that both the buyer and seller are happy with. This allows them both to be safe from market fluctuations. China has the option to send this LNG it already purchased to Europe if they decide to sell it to European buyers. Russian LNG ships you see in Europe are carrying gas that China already bought years ago, and sold to European buyers.