01/23/2025
Check out my new video 👇 As the EU energy crisis deepens, a crucial question remains unanswered - why is Europe still buying Russian LNG despite the ongoing tensions? The answer lies in the harsh reality that Europe has no other options, not even the USA, to meet its growing energy demands. The EU energy policy and reforms have failed to diversify its energy sources, leaving it heavily reliant on Russian LNG imports. The global gas market outlook is grim, with a looming natural gas shortage and a lack of alternative suppliers. The US gas exports, despite being a promising solution, are insufficient to meet the EU's energy needs. This video delves into the complexities of the EU energy strategy, LNG development, and the LNG supply chain, highlighting the reasons behind Europe's continued dependence on Russian LNG. From LNG contracts and pricing trends to the impact of the EU gas crisis on the global LNG trade, we explore it all.
https://scobricsinsight.com/eu-ban-on-russian-lng-just-hot-air
00:00 Introduction
00:58 EU countries purchased 837.3 thousand tons of Russian LNG in the first two weeks January
02:48 EU will need to import ten million tons of LNG, which is almost 10% more than in 2024
04:01In the US, for instance, the production and supply of hydrocarbons is primarily managed by private enterprises
06:34 Without more US LNG Russia is the only viable alternative
08:33 Russia's supplies will continue for the next six months
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As the EU energy crisis deepens, a crucial question remains unanswered - why is Europe still buying Russian LNG despite the ongoing tensions? The answer lies...
