U.S. LNG Cannot Replace The Russian Natural Gas That Europe Has Lost

A liquefied natural gas (LNG) tanker in the Sea of Japan near Nakhodka, Russia. Vladimir Serebryanskiy/Dreamstime

OilPrice.com: U.S. LNG Cannot Replace The Russian Natural Gas That Europe Has Lost

* Europe has relied on U.S. LNG imports to offset the loss of Russian gas, with nearly 70% of U.S. LNG exports heading to Europe in September.

* In the long term, Europe will have to find other sources of natural gas as its inventories are likely to drain over the upcoming winter.

* Ultimately, Europe will have to reduce demand for natural gas going forward as there is very little available supply left.

Europe cannot rely solely on imports of U.S. LNG to offset the pipeline gas supply it will have lost from Russia when it starts rebuilding inventories after the end of this winter, according to BloombergNEF.

So far this year, American LNG has been crucial in meeting demand in Europe, which is scrambling for gas supply and willing to pay up for spot deliveries, outbidding most of Asia.

The United States is shipping record volumes of LNG to Europe to help EU allies and nearly 70% of all American LNG exports were headed to Europe in September, according to Refinitiv Eikon data cited by Reuters.

Read more ....

Update: Europe Can’t Rely on US Gas to Plug Growing Shortfall Next Year (Bloomberg)

WNU Editor: I am sure the EU is going to be able to get the natural gas that it needs this winter. But it is not going to be cheap, nor reliable. And the bigger problem will be next year, since Russian gas will no longer be available to fill up their reserves unless purchased through middle-men like Turkey or China at exoborant prices.

And that is the crux of the problem.

Europe's industrial base is dependent on having access to cheap natural gas. No more now.

from War News Updates https://ift.tt/WdqVcUe
via IFTTT

Comments

U.S. Army Conducts Gunnery Exercise With Latest Air Defense System Sgt Stout.

U.S. Army officials confirmed that a live gunnery exercise at Fort Hood, Texas, is underway, featuring the latest-generation Sgt Stout short-range air defense system. The drills mark a significant step toward full operational integration as units across the force adapt to evolving threats from drones, rotary-wing aircraft, and low-flying munitions. It matters because Sgt. Stout enhances the Army’s ability to defend forward-deployed troops and critical infrastructure from modern aerial threats. Read full Defense News at this link ... A U.S. Army SGT Stout SHORAD air defense vehicle maneuvers into firing position during live-fire training with the 6th Battalion, 56th Air Defense Artillery Regiment at Fort Hood, Texas, on October 3, 2025. (Picture source: U.S. Department of War) Read More from World Defence News https://ift.tt/NYmsS1n via IFTTT

Tonight's Movie Is 'Decision Before Dawn' (1951)

From Wikipedia: Decision Before Dawn is a 1951 American war film directed by Anatole Litvak, starring Richard Basehart, Oskar Werner, and Hans Christian Blech. It tells the story of the American Army's using potentially unreliable German prisoners of war to gather intelligence in the closing days of World War II. Read more .... from War News Updates https://ift.tt/2QzrYGK via IFTTT

US Vice-President Kamala Harris Ends Her 5-Day Trip To France

Daily Mail: Kamala Harris says she 'remains very concerned' about potential Russian invasion of Ukraine - and then shows reporters the pots and skillets she just bought in Paris * While in Paris, Harris said she 'remains concerned' about Russia days after saying she's worried about their military amid tense immigrant crisis in Belarus * She said on Saturday - her last day in Paris - that the five-day trip is about 'making clear the long-standing relationship' between the US and France * Earlier this week, Harris was mocked for appearing to use a French accent while visiting the Institut Pasteur science lab * Meanwhile, the entire Biden administration appears to have growing fears of an imminent conflict in Eastern Europe * Harris said the 'eyes of the world' are on the Belarus border as Russia and Belarus carry out snap military drills where a migrant crisis is on Poland's border * Belarus said the drill was in response to the ...

MTQ News

Search This Blog