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Russia Can't Afford To Turn Off The Gas
forbes.com ^ | 3/05/2014 | Christopher Coats

Posted on 03/07/2014 11:10:14 PM PST by Berlin_Freeper

According to the U.S. Energy Information Administration, 84% of Russia’s oil exports and 80% of its natural gas exports went to European Union consumers. Any delay or halt in that amount would leave Russia with a “massive hole in the country’s budget”. Further, the move would pack far less punch than it did in 2009 as Germany and the rest of Europe have more choices for alternatives than ever before, including Norway and Algeria. Finally, forward thinking and a mild winter have allowed those countries would be most affected to build significant reserves that could last them months. Even Ukraine boasts some storage reserves and has recently signed a new agreement with Germany to import natural gas, according to Yakobashvili.

(Excerpt) Read more at forbes.com ...


TOPICS: Foreign Affairs
KEYWORDS:

1 posted on 03/07/2014 11:10:14 PM PST by Berlin_Freeper
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To: Berlin_Freeper

Bump


2 posted on 03/07/2014 11:11:43 PM PST by Jet Jaguar
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To: Berlin_Freeper

After we saw the Russian stocks drop, Putin came running out of his dark crypt to blame the West.


3 posted on 03/07/2014 11:13:03 PM PST by Berlin_Freeper
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To: Berlin_Freeper

Finally some good news, this Russia worship and Putin worship is annoying the heck out of me.


4 posted on 03/07/2014 11:17:55 PM PST by ansel12
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To: Berlin_Freeper
I still say the Ukrainians need to blow a line and threaten to blow them all if the Russians don't go away.

Granted Europe would not like that, but Europe didn't place their flesh between Russia and the Ukrainians either.

5 posted on 03/07/2014 11:20:23 PM PST by A CA Guy ( God Bless America, God Bless and keep safe our fighting men and women.)
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To: ansel12

The Obama, McCain, Kerry, MSM, and EU worship annoys me.


6 posted on 03/07/2014 11:56:09 PM PST by DesertRhino (I was standing with a rifle, waiting for soviet paratroopers, but communists just ran for office.)
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To: ansel12

Prolly more about a longing for masculinity in leadership than about worship. I’ll add that a presiding Thatcher or Merkel would have offset the appreciation we’re now seeing for Vladimir. It’s worth pointing out that the “worship” didn’t exist with Dubya.

Obama’s pathetic. But excluding his affinity to homosexuality, he’s only shades apart from Vladimir as far liberty is concerned.


7 posted on 03/08/2014 1:11:14 AM PST by Gene Eric (Don't be a statist!)
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To: Berlin_Freeper

THEY can and they will do it, if necessary.
By bulding new gazeoducs through Poland and Bulgaria - after the crisis of 2009, Gazprom has reduced the traffic through Ukraine at 35% of their exports.

Actually most of the gas arriving in Ukraine (which depends on it for 80% enery needs) is used locally.


8 posted on 03/08/2014 1:16:46 AM PST by Marguerite (When I'm good, I'm very good, but when I'm bad, I'm even better)
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To: All
By building new gazeoducs through Poland and Bulgaria - after the crisis of 2009, Gazprom has reduced the traffic through Ukraine at 35% of their exports.


9 posted on 03/08/2014 1:19:38 AM PST by Marguerite (When I'm good, I'm very good, but when I'm bad, I'm even better)
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To: All
The transnational Yamal – Europe gas pipeline runs across four countries: Russia, Belarus, Poland and Germany. The new export corridor increased flexibility and reliability of Russian gas supply to Western Europe. The gas pipeline construction started in 1994 and in 2006 theYamal – Europe gas pipeline reached its design capacity of 32.9 billion cubic meters.


10 posted on 03/08/2014 1:29:16 AM PST by Marguerite (When I'm good, I'm very good, but when I'm bad, I'm even better)
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To: Berlin_Freeper

If I were a Ukrainian patriot and Putin did not back off some high explosive set off in some of the pipeline junctions might change his mind


11 posted on 03/08/2014 1:40:55 AM PST by Jimmy Valentine (DemocRATS - when they speak, they lie; when they are silent, they are stealing the American Dream)
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To: A CA Guy

You beat me to the thought Putin can’t defend all the pipeline junctions running through Ukraine


12 posted on 03/08/2014 1:42:44 AM PST by Jimmy Valentine (DemocRATS - when they speak, they lie; when they are silent, they are stealing the American Dream)
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To: Jimmy Valentine

“If I were a Ukrainian patriot ... some high explosive set off in some of the pipeline junctions ...

will turn my contry in the dark and its economy to a stand-still”.

Just ... Brilliant!!! *grin*


13 posted on 03/08/2014 1:45:15 AM PST by Marguerite (When I'm good, I'm very good, but when I'm bad, I'm even better)
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To: Jimmy Valentine

And why should the people of the Ukraine care so much about Europe since they didn’t exactly jump in here to protect them or to even speak ill of Russia.

There she blows! IMO.


14 posted on 03/08/2014 2:48:10 AM PST by A CA Guy ( God Bless America, God Bless and keep safe our fighting men and women.)
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To: Marguerite

There is enough coal in Doneskto power every power plant in Ukraine for over 100 years easily.


15 posted on 03/08/2014 3:17:52 AM PST by Jimmy Valentine (DemocRATS - when they speak, they lie; when they are silent, they are stealing the American Dream)
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To: Jimmy Valentine

That’s not the problem.
I’m always astonished at comments based on thin air.

Europe depends on imported energy at 35%, up from 26% last year, BUT the Eastern (ex-communist) countries rely on it at more than 60% of their energy needs.

Russia cut off the gas to Europe transiting through Ukraine twice, in 2006 and 2009. In each case, there was a notable effect on European markets. If Russia cuts the gas which flows through Ukraine, this would also cut supplies to Hungary, Romania, Czech and the Slovak Republics.

It is not ALL about f...g, nazi Eastern Ukraine and his maidan thugs.


16 posted on 03/08/2014 3:57:21 AM PST by Marguerite (When I'm good, I'm very good, but when I'm bad, I'm even better)
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To: A CA Guy

And why should the people of the Ukraine care so much about Europe

It just begged Europe for $40 billion


17 posted on 03/08/2014 3:58:52 AM PST by Marguerite (When I'm good, I'm very good, but when I'm bad, I'm even better)
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To: Berlin_Freeper

Norway, being a major natural gas exporter, could replace a huge fraction of the natural gas output from Russia. Small wonder why Norway never contemplated joining the European Union or the Eurozone—they don’t want their economy tied to EU rules.


18 posted on 03/08/2014 4:27:25 AM PST by RayChuang88 (FairTax: America's economic cure)
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To: Berlin_Freeper

Because this year is the 100th anniversary of the start of World War I, I am re-reading Tuchman’s “Guns of August.” Prior to WW I breaking out she talks about how the experts and economists of the period state that because of the structure of the world economy and trade that it was absolutely impossible for a World War to occur.


19 posted on 03/08/2014 4:34:42 AM PST by ops33 (Senior Master Sergeant, USAF (Retired))
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To: Berlin_Freeper

“According to the U.S. Energy Information Administration, 84% of Russia’s oil exports and 80% of its natural gas exports went to European Union consumers.”

The US Energy information is badly informed.
Europe is on the way of being the second buyers of Russia energy.

In 2013, Russian energy companies signed deals with China to fund costly production and pipeline projects that will direct exports away from Europe to Asia.
Rosneft agreed to pump 200,000 barrels per day of crude oil over 10 years to China’s Sinopec Group, in a pre-paid deal valued at $85 billion.
“China is likely to overtake the United States (as an oil importer), and Russia has to stake its claim in China,” said Andrey Polishchuk, analyst at Raiffeisenbank in Moscow, saying some oil flows to Europe would be redirected eastward.

Energy analysts say Chinese oil imports will be rising to 9.2 million bpd by 2020 from 2.5 million bpd as recently as 2005.
Gazprom had reached an agreement to supply 38 billion cubic metres per year of gas by pipeline to China.

http://www.reuters.com/article/2013/10/22/china-russia-energy-idUSL5N0IC10F20131022


20 posted on 03/08/2014 4:53:51 AM PST by Marguerite (When I'm good, I'm very good, but when I'm bad, I'm even better)
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To: Berlin_Freeper
Russia Can't Afford To Turn Off The Gas

America can't afford obamacare

America can't afford to outsource it's entire economy

America can't afford to subsidize the world's poor with food stamps

America can't affort to continue enemies of the state run the state.

I couldn't give a flying crap about foreign affairs right now.

21 posted on 03/08/2014 5:18:04 AM PST by Caipirabob (Communists... Socialists... Democrats...Traitors... Who can tell the difference?)
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To: Berlin_Freeper

Instead of shutting down pipelines, Putin has an opportunity to greatly enrich Russia’s economy and also hurt Europe by simply raising the price of Russia’s oil and gas exports.

Saudi Arabia and its fellow OPEC members greatly enriched themselves during the 1970s by raising the price of their oil exports, and Russia can do the same now.


22 posted on 03/08/2014 5:32:24 AM PST by Bluestocking
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