Russian forces invade Ukraine after Putin orders attack

Re:Russian forces invade Ukraine after Putin orders attack by mccorrinall on Thursday February 24, 2022 @11:03AM (#30456270)

Russia sold gas to the EU way below spot prices. Nordstream 2 was in focus because of this.

Now that the project is suspended, the EU is importing very expensive Gas from the US.

So basically: the USA gets money for gas, and Russia gets the eastern Ukraine. They both get what they want.

Enjoy the show.

[ Parent | on HN ]

Re:Russian forces invade Ukraine after Putin orders attack by JPKab on Thursday February 24, 2022 @01:07PM (#30458069)

"The stability of the EU’s energy supply may be threatened if a high proportion of imports are concentrated among relatively few external partners. In 2019, almost two thirds of the extra-EU's crude oil imports came from Russia (27 %), Iraq (9 %), Nigeria and Saudi Arabia (both 8 %) and Kazakhstan and Norway (both 7 %). A similar analysis shows that almost three quarters of the EU's imports of natural gas came from Russia (41 %), Norway (16 %), Algeria (8 %) and Qatar (5 %), while over three quarters of solid fuel (mostly coal) imports originated from Russia (47 %), the United States (18 %) and Australia (14 %)."

https://ec.europa.eu/eurostat/cache/infographs/energy/bloc-2...

Doesn't look like US is a significant supplier of natural gas to Europe. Not sure how much capacity the US has at its LNG export terminals either.

[ Parent | on HN ]