Europe Seen Paying Twice as Much to Replace Russian Gas

[Tshering22]

@IND151 if we can di sonething about bringing itbthrough china such that both cannot harm each other's interests. . Then it is possible.

But puttimg pipes through Himalayas will be dangerous for the ecology here.

 

[UKBengali]

I see you're again in your business of misinformation. Namely how would you know what China pays if the official numbers weren't even released.? IIRC the negotiation isn't even fully concluded, the announcement was made in a hurry on last day of Putin visit.

Stop making a fool out of yourself.

Qatari emir will bend over backwards to get energy to Europe as he has shares in major companies as insurance for his country when the oil/gas runs dry.

Furthermore, there's the signed deal for Kaspian Basin gas, which will be brought through Turkish pipeline and the ever increasing prospects of Iranian gas from the Pars field. Nabucco is slowly but surely being rectified, in all but name.

Dude it is 400 billion dollars for 38 billion cubic metres of gas a year for 30 years. Europe last year imported around 160 billion cubic metres and paid around 60 billion dollars for this. Per billion cubic metres, China will pay 350 million dollars and Europe last year paid 380 million dollars. So what is the difference here?

Now, it is convenient that you ignore the article that foresees doubling of the cost of energy if Europe switches away from Russian gas.

Take the UK for example that imports LNG from Qatar. It's cost per billion cubic metres reached a high of 582 million dollars and this has just now dropped down to 390 million dollars. So we can see that LNG can be a lot more expensive than piped gas.

When EU scrambles for 160 billion cubic metres of gas a year if it sanctions Russia, then be sure that the prices will go upwards to compensate for this. Qatar emir will care jack for EU as he has supplies to last over a century and Asia is already his largest customer. In 2012, it accounted for 63% of his gas exports and 30% was due to Europe.

Like I already said, there is no painless way to sanction the largest oil and gas exporter in the world. The struggling EU needs the cheapest energy imports possible and the only way to guarantee that is by using Russia.

 

[flamer84]

Dude it is 400 billion dollars for 38 billion cubic metres of gas a year for 30 years. Europe last year imported around 160 billion cubic metres and paid around 60 billion dollars for this. Per billion cubic metres, China will pay 350 million dollars and Europe last year paid 380 million dollars. So what is the difference here?

Now, it is convenient that you ignore the article that foresees doubling of the cost of energy if Europe switches away from Russian gas.

Take the UK for example that imports LNG from Qatar. It's cost per billion cubic metres reached a high of 582 million dollars and this has just now dropped down to 390 million dollars. So we can see that LNG can be a lot more expensive than piped gas.

When EU scrambles for 160 billion cubic metres of gas a year if it sanctions Russia, then be sure that the prices will go upwards to compensate for this. Qatar emir will care jack for EU as he has supplies to last over a century and Asia is already his largest customer. In 2012, it accounted for 63% of his gas exports and 30% was due to Europe.

Like I already said, there is no painless way to sanction the largest oil and gas exporter in the world. The struggling EU needs the cheapest energy imports possible and the only way to guarantee that is by using Russia.

The Chinese deal includes the money to be spent for building the infrastructure to get the gas delivered.You can deduct a few tens of billions from the gas price to.Still,the difference is about 10% even without the infrastructure money,10% goes a long way for the Russian budget.

 

[UKBengali]

The Chinese deal includes the money to be spent for building the infrastructure to get the gas delivered.You can deduct a few tens of billions from the gas price to.Still,the difference is about 10% even without the infrastructure money,10% goes a long way for the Russian budget.

Yes, Russia would have to accept 10-15 per cent lower from Asian customers like China and Russia. What counts is that Russia pre-plans this loss of revenue in advance but anyway they have half a trillion dollar reserves available to help the transition.

The harder part would be finding enough demand if they are completely sanctioned by the EU by the end of this decade. This may not be too difficult as India is interested in using China to get piped Russian oil and Japanese lawmakers are interested in a 20 billion cubic metres a year gas pipeline from Sakhalin.

 

[Audio]

Dude it is 400 billion dollars for 38 billion cubic metres of gas a year for 30 years. Europe last year imported around 160 billion cubic metres and paid around 60 billion dollars for this. Per billion cubic metres, China will pay 350 million dollars and Europe last year paid 380 million dollars. So what is the difference here?

Now, it is convenient that you ignore the article that foresees doubling of the cost of energy if Europe switches away from Russian gas.

Take the UK for example that imports LNG from Qatar. It's cost per billion cubic metres reached a high of 582 million dollars and this has just now dropped down to 390 million dollars. So we can see that LNG can be a lot more expensive than piped gas.

When EU scrambles for 160 billion cubic metres of gas a year if it sanctions Russia, then be sure that the prices will go upwards to compensate for this. Qatar emir will care jack for EU as he has supplies to last over a century and Asia is already his largest customer. In 2012, it accounted for 63% of his gas exports and 30% was due to Europe.

Like I already said, there is no painless way to sanction the largest oil and gas exporter in the world. The struggling EU needs the cheapest energy imports possible and the only way to guarantee that is by using Russia.

I don't have time to properly answer this, i'll do it sometime in this week. You are correct about needing cheapest imports but i think you greatly underestimate the commitment Qatar has, after all, they initiated a regime change in Syria for a pipeline which Assad denied permission to be built.