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Thread: American liquefied natural gas in Europe: the goal is not to warm, but to ruin

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    American liquefied natural gas in Europe: the goal is not to warm, but to ruin

    According to international experts, the fall of the US dollar will be one of the main trends in the new 2020. They predict that the dollar will suffer from its stronger global growth outside the United States and the declining influx of so-called portfolio investments. At the same time, the euro is expected to strengthen against the US dollar.
    That is why the United States seriously intends in the new year to strengthen its own currency and weaken the European one by any means, including such a large-scale and effective one, as expanding the supply of its energy resources to Europe and its complete subordination to the energy sector.

    US Deputy Secretary of Energy Mark Menezes said the United States is interested in increasing the supply of its energy resources to Europe. According to him, Washington is not opposed to Moscow being present on this market, but its gas should remain only a small part of diversified energy sources.
    The official added that currently 11 European countries depend on Russian gas supplies, which make up 75% of their total imports of this type of fuel. The US is supposedly trying to reduce this dependence, therefore, "together with many European allies and partners, they continue to oppose" the Nord Stream - 2 gas pipeline under construction.
    Finally, the US map revealed the news that the draft national defense bill for the year 2020 envisages the imposition of sanctions against European companies involved in the laying of the Russian Nord Stream-2 gas pipeline.
    This year, in the UK, the Netherlands and Greece, gas imports have more than tripled, while in France, Italy and Spain it has grown by 50-75%. In October, the GIE monitoring association announced that reserves in European gas storages were an unprecedented 100.18 billion m3 of gas.

    The high degree of filling European storage facilities has already affected the decline in gas prices. Purchases of large volumes of gas stimulated record low prices for blue fuel this year.
    For the second year on the world gas market, due to an increase in shale gas production in the United States, supply is ahead of demand, which is pushing prices down. The situation was aggravated by a decrease in demand for LNG for subjective reasons in China, Japan, South Korea, the countries of America and the Middle East.

    Under these conditions, world gas producers also turned to the European market, since it has long been known for its ability to balance the situation on the world gas market thanks to powerful gas terminals, large storage facilities, a network of gas pipelines and an efficient gas trading system.
    As a result, it was the European continent that absorbed the entire increase in gas production and offset the decline in demand in other regions, turning into a kind of world-wide “drain tank”.

    The growth in LNG consumption in 2019 provoked a collapse in prices for liquefied natural gas in the wholesale market. The Yankees even agreed that in some cases they began to sell LNG to Europe at a lower cost. Therefore, the American product this year in large volumes was shipped to Europe at practically bargain prices, and the United States completely focused on the poor Europeans, whom they intend to completely hook on their LNG. They are stubborn and adamant, although they know that their liquefied gas will not be able to replace the Russian pipeline either in volume, in quality, or in the speed of delivery.

    The main goal is to oust Russian pipeline gas from Europe and become a monopolist in the energy supply of Europeans, dictate not only gas prices, but also the euro / dollar exchange rate.
    According to experts, in 2020 gas producers may again face overproduction due to the fact that production capacities continue to grow. At the same time, it is likely that winter will again be warm in Europe, and in this case, gas storages will be slightly empty. This will negatively affect the demand for blue fuel. And this will lead to a new reduction in prices.

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    Re: American liquefied natural gas in Europe: the goal is not to warm, but to ruin

    Quote Originally Posted by Jak Fraam View Post
    According to international experts, the fall of the US dollar will be one of the main trends in the new 2020. They predict that the dollar will suffer from its stronger global growth outside the United States and the declining influx of so-called portfolio investments. At the same time, the euro is expected to strengthen against the US dollar.
    That is why the United States seriously intends in the new year to strengthen its own currency and weaken the European one by any means, including such a large-scale and effective one, as expanding the supply of its energy resources to Europe and its complete subordination to the energy sector.

    US Deputy Secretary of Energy Mark Menezes said the United States is interested in increasing the supply of its energy resources to Europe. According to him, Washington is not opposed to Moscow being present on this market, but its gas should remain only a small part of diversified energy sources.
    The official added that currently 11 European countries depend on Russian gas supplies, which make up 75% of their total imports of this type of fuel. The US is supposedly trying to reduce this dependence, therefore, "together with many European allies and partners, they continue to oppose" the Nord Stream - 2 gas pipeline under construction.
    Finally, the US map revealed the news that the draft national defense bill for the year 2020 envisages the imposition of sanctions against European companies involved in the laying of the Russian Nord Stream-2 gas pipeline.
    This year, in the UK, the Netherlands and Greece, gas imports have more than tripled, while in France, Italy and Spain it has grown by 50-75%. In October, the GIE monitoring association announced that reserves in European gas storages were an unprecedented 100.18 billion m3 of gas.

    The high degree of filling European storage facilities has already affected the decline in gas prices. Purchases of large volumes of gas stimulated record low prices for blue fuel this year.
    For the second year on the world gas market, due to an increase in shale gas production in the United States, supply is ahead of demand, which is pushing prices down. The situation was aggravated by a decrease in demand for LNG for subjective reasons in China, Japan, South Korea, the countries of America and the Middle East.

    Under these conditions, world gas producers also turned to the European market, since it has long been known for its ability to balance the situation on the world gas market thanks to powerful gas terminals, large storage facilities, a network of gas pipelines and an efficient gas trading system.
    As a result, it was the European continent that absorbed the entire increase in gas production and offset the decline in demand in other regions, turning into a kind of world-wide “drain tank”.

    The growth in LNG consumption in 2019 provoked a collapse in prices for liquefied natural gas in the wholesale market. The Yankees even agreed that in some cases they began to sell LNG to Europe at a lower cost. Therefore, the American product this year in large volumes was shipped to Europe at practically bargain prices, and the United States completely focused on the poor Europeans, whom they intend to completely hook on their LNG. They are stubborn and adamant, although they know that their liquefied gas will not be able to replace the Russian pipeline either in volume, in quality, or in the speed of delivery.

    The main goal is to oust Russian pipeline gas from Europe and become a monopolist in the energy supply of Europeans, dictate not only gas prices, but also the euro / dollar exchange rate.
    According to experts, in 2020 gas producers may again face overproduction due to the fact that production capacities continue to grow. At the same time, it is likely that winter will again be warm in Europe, and in this case, gas storages will be slightly empty. This will negatively affect the demand for blue fuel. And this will lead to a new reduction in prices.
    Those damn Yankees.
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    Re: American liquefied natural gas in Europe: the goal is not to warm, but to ruin

    The Ukraine wants to free itself from Russian control via Gazprom and Nord Stream-2 has distribution limitations due to German infrastructure. The US is only tilting toward Europe because demand in Asia is down. The price difference with the shorter hauls to Europe make it more profitable. If Asia become more profitable, the focus will shift back there. Not a giant government conspiracy. Just adaptation to changing markets.

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    Re: American liquefied natural gas in Europe: the goal is not to warm, but to ruin

    When it comes to natural gas, Europe sucks Putin tit. They've been trying to get away from it, but they just gotta have all that third world natural gas no matter the cost.

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    Re: American liquefied natural gas in Europe: the goal is not to warm, but to ruin

    Quote Originally Posted by Jak Fraam View Post
    According to international experts, the fall of the US dollar will be one of the main trends in the new 2020. They predict that the dollar will suffer from its stronger global growth outside the United States and the declining influx of so-called portfolio investments. At the same time, the euro is expected to strengthen against the US dollar.
    That is why the United States seriously intends in the new year to strengthen its own currency and weaken the European one by any means, including such a large-scale and effective one, as expanding the supply of its energy resources to Europe and its complete subordination to the energy sector.

    US Deputy Secretary of Energy Mark Menezes said the United States is interested in increasing the supply of its energy resources to Europe. According to him, Washington is not opposed to Moscow being present on this market, but its gas should remain only a small part of diversified energy sources.
    The official added that currently 11 European countries depend on Russian gas supplies, which make up 75% of their total imports of this type of fuel. The US is supposedly trying to reduce this dependence, therefore, "together with many European allies and partners, they continue to oppose" the Nord Stream - 2 gas pipeline under construction.
    Finally, the US map revealed the news that the draft national defense bill for the year 2020 envisages the imposition of sanctions against European companies involved in the laying of the Russian Nord Stream-2 gas pipeline.
    This year, in the UK, the Netherlands and Greece, gas imports have more than tripled, while in France, Italy and Spain it has grown by 50-75%. In October, the GIE monitoring association announced that reserves in European gas storages were an unprecedented 100.18 billion m3 of gas.

    The high degree of filling European storage facilities has already affected the decline in gas prices. Purchases of large volumes of gas stimulated record low prices for blue fuel this year.
    For the second year on the world gas market, due to an increase in shale gas production in the United States, supply is ahead of demand, which is pushing prices down. The situation was aggravated by a decrease in demand for LNG for subjective reasons in China, Japan, South Korea, the countries of America and the Middle East.

    Under these conditions, world gas producers also turned to the European market, since it has long been known for its ability to balance the situation on the world gas market thanks to powerful gas terminals, large storage facilities, a network of gas pipelines and an efficient gas trading system.
    As a result, it was the European continent that absorbed the entire increase in gas production and offset the decline in demand in other regions, turning into a kind of world-wide “drain tank”.

    The growth in LNG consumption in 2019 provoked a collapse in prices for liquefied natural gas in the wholesale market. The Yankees even agreed that in some cases they began to sell LNG to Europe at a lower cost. Therefore, the American product this year in large volumes was shipped to Europe at practically bargain prices, and the United States completely focused on the poor Europeans, whom they intend to completely hook on their LNG.

    The main goal is to oust Russian pipeline gas from Europe, dictate not only gas prices, but also the euro / dollar exchange rate.
    According to experts, in 2020 gas producers may again face overproduction due to the fact that production capacities continue to grow. At the same time, it is likely that winter will again be warm in Europe, and in this case, gas storages will be slightly empty. This will negatively affect the demand for blue fuel. And this will lead to a new reduction in prices.

    Dollars will remain the reserve currency for a while longer.

    A lot depends on whether the US will continue to retreat from world leadership and drift back into the parochial isolationism that permeates large parts of American political discourse.

    I doubt that natural gas exports will be that significant a factor. First of all, the US could not win a price war with the Russians when they have to ship their product halfway around the world .

    The Russians are building the Nordsteam 2 pipeline to get around Ukraine. Russian gas always flowed through Ukraine. But Ukraine has access to the gas fields of the various Stan’s too.

    Moscow has cut off gas to Kiev, and/or enacted sudden Hugh price increases several times over the last ten years.

    The objective is to further weaken Ukraine by bypassing it.

    Russia is already a monopolist in the supply of gas to Eastern and Central Europe.

    The Americans will be able to relives some of the price pressure, but are unlikely to eliminate it.

    And since when does growth in consumption lead to a collapse in prices????????

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    Re: American liquefied natural gas in Europe: the goal is not to warm, but to ruin

    Quote Originally Posted by Drawdown View Post
    The Ukraine wants to free itself from Russian control via Gazprom and Nord Stream-2 has distribution limitations due to German infrastructure. The US is only tilting toward Europe because demand in Asia is down. The price difference with the shorter hauls to Europe make it more profitable. If Asia become more profitable, the focus will shift back there. Not a giant government conspiracy. Just adaptation to changing markets.

    I think our OP may be a Russian troll.

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    Re: American liquefied natural gas in Europe: the goal is not to warm, but to ruin

    Quote Originally Posted by Jak Fraam View Post
    According to international experts, the fall of the US dollar will be one of the main trends in the new 2020. They predict that the dollar will suffer from its stronger global growth outside the United States and the declining influx of so-called portfolio investments. At the same time, the euro is expected to strengthen against the US dollar.
    That is why the United States seriously intends in the new year to strengthen its own currency and weaken the European one by any means, including such a large-scale and effective one, as expanding the supply of its energy resources to Europe and its complete subordination to the energy sector.

    US Deputy Secretary of Energy Mark Menezes said the United States is interested in increasing the supply of its energy resources to Europe. According to him, Washington is not opposed to Moscow being present on this market, but its gas should remain only a small part of diversified energy sources.
    The official added that currently 11 European countries depend on Russian gas supplies, which make up 75% of their total imports of this type of fuel. The US is supposedly trying to reduce this dependence, therefore, "together with many European allies and partners, they continue to oppose" the Nord Stream - 2 gas pipeline under construction.
    Finally, the US map revealed the news that the draft national defense bill for the year 2020 envisages the imposition of sanctions against European companies involved in the laying of the Russian Nord Stream-2 gas pipeline.
    This year, in the UK, the Netherlands and Greece, gas imports have more than tripled, while in France, Italy and Spain it has grown by 50-75%. In October, the GIE monitoring association announced that reserves in European gas storages were an unprecedented 100.18 billion m3 of gas.

    The high degree of filling European storage facilities has already affected the decline in gas prices. Purchases of large volumes of gas stimulated record low prices for blue fuel this year.
    For the second year on the world gas market, due to an increase in shale gas production in the United States, supply is ahead of demand, which is pushing prices down. The situation was aggravated by a decrease in demand for LNG for subjective reasons in China, Japan, South Korea, the countries of America and the Middle East.

    Under these conditions, world gas producers also turned to the European market, since it has long been known for its ability to balance the situation on the world gas market thanks to powerful gas terminals, large storage facilities, a network of gas pipelines and an efficient gas trading system.
    As a result, it was the European continent that absorbed the entire increase in gas production and offset the decline in demand in other regions, turning into a kind of world-wide “drain tank”.

    The growth in LNG consumption in 2019 provoked a collapse in prices for liquefied natural gas in the wholesale market. The Yankees even agreed that in some cases they began to sell LNG to Europe at a lower cost. Therefore, the American product this year in large volumes was shipped to Europe at practically bargain prices, and the United States completely focused on the poor Europeans, whom they intend to completely hook on their LNG. They are stubborn and adamant, although they know that their liquefied gas will not be able to replace the Russian pipeline either in volume, in quality, or in the speed of delivery.

    The main goal is to oust Russian pipeline gas from Europe and become a monopolist in the energy supply of Europeans, dictate not only gas prices, but also the euro / dollar exchange rate.
    According to experts, in 2020 gas producers may again face overproduction due to the fact that production capacities continue to grow. At the same time, it is likely that winter will again be warm in Europe, and in this case, gas storages will be slightly empty. This will negatively affect the demand for blue fuel. And this will lead to a new reduction in prices.
    The value of the Euro against the Dollar was generally up after 2000 until the financial bubble burst and has been generally down ever since.

    I assumed it was engineered to help European exports.

    Euro Dollar Exchange Rate (EUR USD) - Historical Chart | MacroTrends
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    Re: American liquefied natural gas in Europe: the goal is not to warm, but to ruin

    Quote Originally Posted by TomFitz View Post
    I think our OP may be a Russian troll.
    Sure but that is no reason not to address the faulty propaganda.

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    Re: American liquefied natural gas in Europe: the goal is not to warm, but to ruin

    Quote Originally Posted by Jak Fraam View Post
    According to international experts, the fall of the US dollar will be one of the main trends in the new 2020. They predict that the dollar will suffer from its stronger global growth outside the United States and the declining influx of so-called portfolio investments. At the same time, the euro is expected to strengthen against the US dollar.
    That is why the United States seriously intends in the new year to strengthen its own currency and weaken the European one by any means, including such a large-scale and effective one, as expanding the supply of its energy resources to Europe and its complete subordination to the energy sector.

    US Deputy Secretary of Energy Mark Menezes said the United States is interested in increasing the supply of its energy resources to Europe. According to him, Washington is not opposed to Moscow being present on this market, but its gas should remain only a small part of diversified energy sources.
    The official added that currently 11 European countries depend on Russian gas supplies, which make up 75% of their total imports of this type of fuel. The US is supposedly trying to reduce this dependence, therefore, "together with many European allies and partners, they continue to oppose" the Nord Stream - 2 gas pipeline under construction.
    Finally, the US map revealed the news that the draft national defense bill for the year 2020 envisages the imposition of sanctions against European companies involved in the laying of the Russian Nord Stream-2 gas pipeline.
    This year, in the UK, the Netherlands and Greece, gas imports have more than tripled, while in France, Italy and Spain it has grown by 50-75%. In October, the GIE monitoring association announced that reserves in European gas storages were an unprecedented 100.18 billion m3 of gas.

    The high degree of filling European storage facilities has already affected the decline in gas prices. Purchases of large volumes of gas stimulated record low prices for blue fuel this year.
    For the second year on the world gas market, due to an increase in shale gas production in the United States, supply is ahead of demand, which is pushing prices down. The situation was aggravated by a decrease in demand for LNG for subjective reasons in China, Japan, South Korea, the countries of America and the Middle East.

    Under these conditions, world gas producers also turned to the European market, since it has long been known for its ability to balance the situation on the world gas market thanks to powerful gas terminals, large storage facilities, a network of gas pipelines and an efficient gas trading system.
    As a result, it was the European continent that absorbed the entire increase in gas production and offset the decline in demand in other regions, turning into a kind of world-wide “drain tank”.

    The growth in LNG consumption in 2019 provoked a collapse in prices for liquefied natural gas in the wholesale market. The Yankees even agreed that in some cases they began to sell LNG to Europe at a lower cost. Therefore, the American product this year in large volumes was shipped to Europe at practically bargain prices, and the United States completely focused on the poor Europeans, whom they intend to completely hook on their LNG. They are stubborn and adamant, although they know that their liquefied gas will not be able to replace the Russian pipeline either in volume, in quality, or in the speed of delivery.

    The main goal is to oust Russian pipeline gas from Europe and become a monopolist in the energy supply of Europeans, dictate not only gas prices, but also the euro / dollar exchange rate.
    According to experts, in 2020 gas producers may again face overproduction due to the fact that production capacities continue to grow. At the same time, it is likely that winter will again be warm in Europe, and in this case, gas storages will be slightly empty. This will negatively affect the demand for blue fuel. And this will lead to a new reduction in prices.
    great post, pynia is crying reading this
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    Re: American liquefied natural gas in Europe: the goal is not to warm, but to ruin

    Quote Originally Posted by Jak Fraam View Post
    According to international experts, the fall of the US dollar will be one of the main trends in the new 2020. They predict that the dollar will suffer from its stronger global growth outside the United States and the declining influx of so-called portfolio investments. At the same time, the euro is expected to strengthen against the US dollar.
    That is why the United States seriously intends in the new year to strengthen its own currency and weaken the European one by any means, including such a large-scale and effective one, as expanding the supply of its energy resources to Europe and its complete subordination to the energy sector.

    ~snipped to free up space~
    1. US Dollar

    The US hasn't been trying to strengthen the dollar and weaken the Euro. In fact, China devalued their own currency and that resulted in China buying less from the EU, so the EU responded by devaluing their own currency, as well. The only way the Euro will strengthen against the dollar is if both China and the EU decide to come to trade terms with the US.

    2. Russian LNG vs US LNG.

    Trump has been very clear from the very beginning of his administration that he wants the US to replace Russia as the supplier of LNG to Europe. His very first deal was with Poland back in 2017. But that doesn't mean that Trump is interested in dictating gas prices to the EU. Trump has only expressed the desire to be the number one seller of LNG. He is doing that by reducing roadblocks to US producers. He's not telling them how much they can produce. I'm thinking your experts are making **** up.

    btw, given that the EU devalued their own currency, the recent reduced prices for LNG is a good thing for them...not a bad thing.


    The only one getting hurt by all this is Russia. But wait...that can't be...Trump is working for Putin, isn't he?

    Or is he?
    TANSTAAFL
    When I "dismiss" you it only means that I have determined that further discussion is useless or counter-productive. Don't take it personally. Go ahead and have your last word...and move on.

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