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re: using natural gas to hurt russia
Posted on 3/5/14 at 9:00 am to willthezombie
Posted on 3/5/14 at 9:00 am to willthezombie
It only makes sense if LNG exports to Eastern Europe are cheaper that what Putin can sell his natural gas for. I estimate that price to be around $8 per MMbtu. I believe Japan is currently paying -$8/MMbtu for U.S. LNG. Or, Eastern Europe may be willing to pay a premium for western supplies of NG just to hurt Russia. Russia is probably selling to Eastern Europe at current prices: -$4.7/MMbtu. $3.3/MMbtu is a heafty premium. I seriously doubt they are willing to pay that premium.
But it's a good excuse to get more LNG plants online.
But it's a good excuse to get more LNG plants online.
2
Posted on 3/5/14 at 9:09 am to GumboPot
quote:
It only makes sense if LNG exports to Eastern Europe are cheaper that what Putin can sell his natural gas for. I estimate that price to be around $8 per MMbtu. I believe Japan is currently paying -$8/MMbtu for U.S. LNG. Or, Eastern Europe may be willing to pay a premium for western supplies of NG just to hurt Russia. Russia is probably selling to Eastern Europe at current prices: -$4.7/MMbtu. $3.3/MMbtu is a heafty premium. I seriously doubt they are willing to pay that premium.
Forgive my ignorance, but it seems as though a new government would be willing to pay it, particularly with the loan guarantees that are being promised at the moment. If Western suppliers charge more than what Gazprom has been charging since November (about $270 per 1,000 cubic meters from what I've read), how long does it remain feasible (both politically and financially), in your opinion? Also, what role has Statoil in Norway played in this up to this point, and what more can be expected of them?
This post was edited on 3/5/14 at 9:11 am
Posted on 3/5/14 at 9:22 am to GumboPot
quote:
But it's a good excuse to get more LNG plants online.
And just wait until the first mega-tanker blows up or is blown up and takes a major population center with it. Use the natural gas if it's available; LNG is a disaster waiting to happen.
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