Thread: Nordstream 2
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Old 10.06.2021, 19:42
hoover1 hoover1 is offline
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Re: Nordstream 2

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An interesting point is rased in this short news regarding the Netherlands (formerly a gas exporting country, now importing a lot and struggling to adapt its own system to missing gas revenues ... poor Shell and poor royal family, formerly rich together as Royal Dutch Shell):

They claim that importing LNG may displace import from Russia, to gain independency.
If Germany would invest into LNG (I don't even know if they have any infrastructure for that) it would be brilliant, but:
- the SPD is still trying to understand who they are, after they destroyed salaries with the Hartz IV reform;
- the Greens building regassificatror for LNG? you must be kidding;
- CDU investing public money into infrstructures that do not benefit directly the pockets of Volkswagen/Mercedes/BMW owners? impossible.

So we are on a nice path of Europe preventing its companies from exporting to Russia anything (human rights, the Washington Post told us!), but importing a lot of gas. Europe is then importing gas against hard currency, because if it was exporting there could be a sort of balance euro in - euro out and rubles in - rubles out, now there is only gas in - euro out, so the ruble is becoming stronger and Vlad can think about buying some more Polonium.

There is few terminals to accept LNG - however it's not cheaper and never will be as Russians have almost no costs and could supply gas to Europe for years free of charge should they want to keep competition at bay.

That being said it is good idea to have energy diversification and means to procure it - LNG terminals are one of. US and Quatar can delivery large quantities anytime - however it be more of an 'insurance' than return on investment. There was few LNG receiving terminals build by baltic countries - guess sit was Lithuania and some in Poland ?
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