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Eastern Europe is Pleading for American Made Energy
Townhall ^ | 03/27/2014 | Mike Shedlock

Posted on 03/27/2014 7:53:56 AM PDT by SeekAndFind

About the only good coming out of ridiculous tit-for-tat sanctions on Russia is the possibility of revised US energy policy, and Lithuania is pleading for it.

The BBC reports Lithuania Pleads for US Gas Exports to Counter Russia

Lithuania's energy minister has called on the US Senate to speed up the export of natural gas to Europe.

Jaroslav Neverovic said that Lithuania was being forced to pay a "political price" for being entirely dependent on Russian gas supplies.

In his statement to a US Senate committee, Mr Neverovic urged members to do everything within their power to release natural gas resources "into the world market".

"A law enacted in your country some 75 years ago denies us access to your abundant and affordably priced energy resources," he said.

The energy minister said customers in Lithuania were having to pay 30% more for natural gas than other European nations, because they were "beholden to a monopolistic supplier."

"This is not just unfair," said Mr Neverovic. "This is abuse of monopolist position."

OK But Wait Until 2020

That quite the nerve complaining about the US monopoly when it is Russia that has the monopoly in Europe.

Moreover, it will take years for the US to get ready.

Edward Chow, a senior fellow at Centre for Strategic and International Studies, said Russian exports of natural gas were equivalent to "twice the combined capacity" of the seven US government approved liquefied natural gas (LNG) export projects, which would only be completed by the end of this decade.

OK Lithuania, you can have US natural gas. You just have to wait until 2020 to get it.

Be Careful About Agreeing to US Sanction Games

Inquiring minds may wish to read Russia Sanctions Lithuania for Supporting Ukraine.<

On Thursday morning the Lithuanian parliament condemned the military aggression of the Russian Federation in Ukraine and its occupation of the territory of a sovereign country. The parliament said that it strongly supports the sovereignty, independence, and territorial integrity of Ukraine and expressed political solidarity with the new Ukrainian authorities; they also supported sanctions against Russia, while favoring visa liberalization and the early signing of the European Union Association Agreement with Ukraine slated for next week. In response, Russia has temporarily suspended the import of food products into the Customs Union.

Putin Playing Cards Well

Given that Lithuania’s exports to Russia amount for a fifth of its total exports, perhaps Lithuania should have thought about supporting sanctions on Russia.

Speaking of "political price", it seems Lithuania brought this upon itself, and that Putin is playing his cards well.

Mike "Mish" Shedlock
http://globaleconomicanalysis.blogspot.com



TOPICS: Culture/Society; Foreign Affairs; News/Current Events; Russia
KEYWORDS: easterneurope; energy; lng; naturalgas; palinwasright; russia

1 posted on 03/27/2014 7:53:56 AM PDT by SeekAndFind
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To: SeekAndFind

The comment that this would take ‘years’ is mostly bogus. Within twelve months...we’d be delivering natural gas and oil....if we desired to. Under this administration....it’d be practically impossible, I agree. But it wouldn’t take that much effort or courage to make it happen.


2 posted on 03/27/2014 7:55:54 AM PDT by pepsionice
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To: SeekAndFind

Obama, aka the subservient slave of communism, is going to nothing to make it’s lord and master look bad.

Obama wants to destroy the US, Putin wants to own the natural resources of the US, once you can understand that everything else falls into place.


3 posted on 03/27/2014 7:57:05 AM PDT by The_Republic_Of_Maine (Be kept informed on Maine's secession, sign up at freemaine@hushmail.com)
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To: SeekAndFind
Given that Lithuania’s exports to Russia amount for a fifth of its total exports, perhaps Lithuania should have thought about supporting sanctions on Russia.

Perhaps Mish should brush-up on Lithuania's history.

4 posted on 03/27/2014 8:00:39 AM PDT by 1rudeboy
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To: 1rudeboy

And Obama is never going to allow America to begin fracking. His friends in the Green movement would scream murder if it began on his watch.

Say what you like about the Russians, they’re not that stupid.


5 posted on 03/27/2014 8:03:52 AM PDT by goldstategop (In Memory Of A Dearly Beloved Friend Who Lives In My Heart Forever)
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To: SeekAndFind

European energy prices will “necessarily skyrocket” under fauxbama’s plan. Join the crowd there surrender monkeys.


6 posted on 03/27/2014 8:05:31 AM PDT by rktman (Ethnicity: Redneck. Race: Daytona 500)
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To: SeekAndFind
Couldn't Norway export gas to Eastern Europe?

How much gas do they produce? Where does it go?

7 posted on 03/27/2014 8:07:37 AM PDT by Dagnabitt (Amnesty is Treason. Its agents are Traitors.)
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To: pepsionice

Europe has the problem that (for very different reasons) neither a committedly liberal nor a committedly conservative administration will have reason to desire to ship them energy.


8 posted on 03/27/2014 8:09:41 AM PDT by MrEdd (vHeck? Geewhiz Cripes, thats the place where people who don't believe in Gosh think they aint going.)
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To: SeekAndFind

The Euros have shale. They should start drilling.


9 posted on 03/27/2014 8:14:09 AM PDT by henkster (I don't like bossy women telling me what words I can't use.)
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To: SeekAndFind

The French and Germans were smart and built nuke plants.


10 posted on 03/27/2014 8:20:28 AM PDT by Resolute Conservative
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To: goldstategop
Say what you like about the Russians, they’re not that stupid.

Questionable assertion. Behaving collectively as a dangerous maniac with delusion of greatness and violent tendencies counts as mentally challenged. Read: stupid.

11 posted on 03/27/2014 8:21:10 AM PDT by Samogon (Wise men talk because they have something to say; fools, because they have to say something. - Plato)
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To: SeekAndFind

We have 2 LNG terminals in Southeast Texas and Southwest Louisiana just waiting to accommodate Europe with plentiful natural. Our government is blocking the possibilities. They are playing directly into the Russians’ hands. Shame on Obama.


12 posted on 03/27/2014 8:22:07 AM PDT by shankbear (The tree of Liberty appears to be perishing because there are few patriots willing to refresh it.)
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To: shankbear

RE: We have 2 LNG terminals in Southeast Texas and Southwest Louisiana just waiting to accommodate Europe with plentiful natural.

OK, how do you get that to Eastern Europe?

Let’s see, you’ll have to cross the Atlantic, then where does the ship dock?


13 posted on 03/27/2014 8:26:27 AM PDT by SeekAndFind (question is this)
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To: SeekAndFind; DesertRhino; Jim Robinson; onyx; cripplecreek

One of the many benefits of Drilling and Fracking for NatGas here in America is a safer world. (Just as Sarah Palin said, though she was hardly the first)

The one thing Ubama could have done to put some breaks on Russia is the one thing he refuses to do.

The Keystone Pipeline.

One of many energy policies we should be doing.

Hydroelectric is another.


14 posted on 03/27/2014 8:27:35 AM PDT by KC_Lion (Build the America you want to live in at your address, and keep looking up.- Sarah Palin)
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To: SeekAndFind

until we’re energy independent....nothing...


15 posted on 03/27/2014 8:33:10 AM PDT by Sacajaweau
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To: SeekAndFind
Top Five Gas Exporters

I suspect the Norwegian and Dutch gas exports, while considerable, are already spoken for. Russia obviously has the whip hand in terms of capacity. Still, pipelines, or additional pipelines going to Eastern Europe from Norway and the Netherlands would lessen Russia's blackmail ability.

The USA is number ten on the gas exporter list. Could be higher with a normal human being in the White House encouraging U.S. production and exports rather than throwing up roadblocks.

16 posted on 03/27/2014 8:35:51 AM PDT by Dagnabitt (Amnesty is Treason. Its agents are Traitors.)
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To: KC_Lion

We’ve tapped most of the available hydroelectric. That will never provide more than 10% of our needs.

The better option is nuclear. If we had a logical energy policy in place 20 years ago, 90% of our electrical generating capacity would be nuclear. The natural gas could be used for home heating, and all that coal in the ground could be converted into liquid petroleum products. Just like the Germans did.

We would be energy independent.


17 posted on 03/27/2014 8:39:18 AM PDT by henkster (I don't like bossy women telling me what words I can't use.)
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To: Sacajaweau

What Republicans need to do is start applying pressure to the Democrats about LNG and Oil. Open up a second front now that Obamacare is screwing the rats.

High gas prices is causing high food costs. Open up that front also.

Then save the best for last. Start suing every Environmental group out there. Force them to spend money in court, just liike the rats did to Palin. Get a friendly court and open up the next front in the war against the left.

That’s how we win. Use the lefts staprategy against them.


18 posted on 03/27/2014 8:40:30 AM PDT by EQAndyBuzz ("Heck of a reset there, Hillary")
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To: Dagnabitt

The Qataris would love to build a pipeline across Syria and into Europe to sell that gas...


19 posted on 03/27/2014 8:40:55 AM PDT by henkster (I don't like bossy women telling me what words I can't use.)
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To: SeekAndFind

US Natural Gas/Energy for US consumers, sorry Europe go find your own supplies.


20 posted on 03/27/2014 8:41:42 AM PDT by jpsb (Believe nothing until it has been officially denied)
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To: pepsionice
The comment that this would take ‘years’ is mostly bogus. Within twelve months...

There are several companies that would pay you millions for the information of how to engineer, manufacture and construct a cryogenic methane liquefaction plant that can proccess billions of cubic feet per day in less than a year.

21 posted on 03/27/2014 8:43:27 AM PDT by thackney (life is fragile, handle with prayer)
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To: jpsb

RE: US Natural Gas/Energy for US consumers, sorry Europe go find your own supplies.

Are we to extend this logic to -— US produced goods for US consumers only?


22 posted on 03/27/2014 8:43:40 AM PDT by SeekAndFind (question is this)
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To: shankbear
2 LNG terminals in Southeast Texas and Southwest Louisiana just waiting to accommodate Europe with plentiful natural.

Those have vaporization and storage facilities. The liquefaction process units are not built, yet.

23 posted on 03/27/2014 8:44:51 AM PDT by thackney (life is fragile, handle with prayer)
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To: Dagnabitt

“Couldn’t Norway export gas to Eastern Europe?
How much gas do they produce? Where does it go?”

Norway sells most of it’s gas to the UK, France, Germany and Sweden.

At one point this winter, the UK was down to just a 6 day supply of natural gas.


24 posted on 03/27/2014 8:47:10 AM PDT by tcrlaf (Well, it is what the Sheeple voted for....)
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To: thackney

But the possibilities are being stifled.

http://www.cheniere.com/lng_industry/sabine_pass_liquefaction.shtml


25 posted on 03/27/2014 8:59:48 AM PDT by shankbear (The tree of Liberty appears to be perishing because there are few patriots willing to refresh it.)
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To: SeekAndFind

B0 Soebarkah will offer to send Europe an American windmill (made in China).


26 posted on 03/27/2014 9:04:20 AM PDT by Zuse
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To: henkster
And now Israel is coming on line as a gas exporter. Just signed a deal to sell to Jordan (easy and cheap route), LNG or pipelines to Europe should be next.

That's a two-fer to drive the Eurolefties nuts: Hydrocarbons and the Zionist-entity.

27 posted on 03/27/2014 9:04:56 AM PDT by Dagnabitt (Amnesty is Treason. Its agents are Traitors.)
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To: henkster

Until we can design a Nuclear Plant that will not “melt down” with a sudden and total lose of power (including cooling power) then nuclear is just a horrible accident waiting to happen. We will need something like a thorium reactor to make nuclear power safe.

Imagine a solar storm or some other disaster taking out the US grid, now imagine 100 Fukushima’s happening all across the USA. No thank you.


28 posted on 03/27/2014 9:09:10 AM PDT by jpsb (Believe nothing until it has been officially denied)
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To: SeekAndFind

There is only so much natural gas, once it’s gone it’s gone.


29 posted on 03/27/2014 9:12:06 AM PDT by jpsb (Believe nothing until it has been officially denied)
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To: jpsb

Yes, it’s happened so often...

NOT.


30 posted on 03/27/2014 9:12:50 AM PDT by henkster (I don't like bossy women telling me what words I can't use.)
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To: henkster

Just because something has not happened does not mean it can’t happen. Fukushima and Chernobyl happened. One or two bad events we can deal with, 100’s in a short period of time, grid goes out, we can not deal with. Just about everyone would die. I like nuclear, once we make it fail safe that is.


31 posted on 03/27/2014 9:25:54 AM PDT by jpsb (Believe nothing until it has been officially denied)
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To: shankbear

Both the Freeport and the Sabine Pass export facilities have been approved.

https://www.ferc.gov/industries/gas/indus-act/lng/lng-approved.pdf


32 posted on 03/27/2014 9:30:01 AM PDT by thackney (life is fragile, handle with prayer)
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To: SeekAndFind

Asia will outbid Europe for LNG from the US.

Asian spot LNG prices are running around US$18 per million British thermal units (mmBtu), while European LNG cargoes go for around US$10 per mmBtu.

http://business.financialpost.com/2014/03/25/asian-lng-buyers-will-need-new-sources-if-u-s-gas-goes-to-europe/?__lsa=0023-a865


33 posted on 03/27/2014 9:49:10 AM PDT by sergeantdave
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To: jpsb

RE: There is only so much natural gas, once it’s gone it’s gone.

You might want to open your mind up and consider other theories:

Are we sitting on unlimited fossil-fuel resources?

http://hotair.com/archives/2011/06/03/are-we-sitting-on-unlimited-fossil-fuel-resources/


34 posted on 03/27/2014 9:54:26 AM PDT by SeekAndFind (question is this)
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To: SeekAndFind

If gas hydrates as well as shale gas, tight oil, oil sands and other unconventional sources can be tapped at reasonable cost...

That has proved to be a rather big IF.


35 posted on 03/27/2014 9:56:29 AM PDT by thackney (life is fragile, handle with prayer)
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To: henkster
Within a year, nine out of 10 Americans could be dead. And whatever causes the national apocalypse—be it North Korean malice or the whims of the sun—the downfall will ultimately be our own fault.

That's the fear of Newt Gingrich and other members of a high-profile coalition who are convinced that our fragile electrical grid could be wiped out at any moment.

Their concern? Electromagnetic pulses, the short bursts of energy—caused by anything from a nuclear blast to a solar flare—that can wreak havoc on electrical systems on a massive scale. And the coalition believes it's coming soon.

http://www.nationaljournal.com/tech/newt-gingrich-s-plan-to-stave-off-the-apocalypse-20140328

36 posted on 03/29/2014 6:44:23 AM PDT by jpsb (Believe nothing until it has been officially denied)
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