MinnesotaSmith
Membership Revoked
Gazprom has stopped sending gas via pipeline. Saw it just now at www.voxday.net. (On my cellphone, can't copy & paste the link.)
BRKG Russia has stopped exporting gas to W Europe.
- Thread starter MinnesotaSmith
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Intestinal Fortitude
Have Faith
Now things will get SERIOUS
On one hand it is about time. Germany wanted to impose sanctions . . . except for gas.
On the other hand, it is about time. Russia should have shut off the gas a month ago.
On the other other hand, we do not actually know if they have figured out how to cook the books to make it look like the Germans stopped buying and the Russians stopped selling.
I am certain that whatever happens, everyone will claim the moral high ground and leadership
On the other hand, it is about time. Russia should have shut off the gas a month ago.
On the other other hand, we do not actually know if they have figured out how to cook the books to make it look like the Germans stopped buying and the Russians stopped selling.
I am certain that whatever happens, everyone will claim the moral high ground and leadership
Samuel Adams
Has No Life - Lives on TB
‘Bout time somebody follows through with a promise.
Give that man a ceeeeeegar !!
Give that man a ceeeeeegar !!
Quiet Man
Nothing unreal exists
The stories I've seen say that Russia has closed their YAMAL-EUROPE pipeline. That's only one of the pipelines to Europe.
Nordstream 1 goes directly to northern Germany. Has Nordstream 1 been closed? If so, I haven't heard this.
ETA: Note that the story does say that the UK is being cut off with prejudice because of its leading role in sanctions against Russia.
ETA2: I really don't believe Germany will risk being totally cut off from Russian Gas, at least not for long. If that happened, their economy would collapse very rapidly, and that would spread across Europe as if a real bomb had gone off. I doubt that Russia wants that either.
(Red Bold added by me)
www.zerohedge.com
Gazprom Halts Gas Shipments To Europe Via Critical Pipeline
BY TYLER DURDEN
SATURDAY, APR 02, 2022 - 07:55 AM
After European nations imported the most gas from Russian sources yesterday in months, scrambling to stock up on supplies as Russian President Vladimir Putin's deadline to either pay for gas in rubles (or be cut off) came and went, Russian gas giant Gazprom has officially halted all deliveries to Europe via the Yamal-Europe pipeline, a critical artery for European energy supplies.
Instead of flowing toward Germany and the EU, gas supplies on Friday and Saturday started flowing in the opposite direction, according to Gascade, the network operator.
In recent months, the EU has already boosted imports of LNG from the US...
...and despite President Biden's promise to bolster to exports to the EU (although he stipulated that not all of this additional capacity would come from the US), researchers at Goldman Sachs have already shown that US exports of LNG are already at capacity.
Another problem for pipeline-dependent Europe: the continent presently doesn't have the infrastructure to allow it to rapidly ramp up imports of LNG, which must be carefully processed and "regassified" before it can be distributed to utilities and other distributors of energy.
A map below illustrates the level of dependence that various European economies have on Russia.
But it's not just the Germans who must now make due without Russian gas supplies. British energy major Shell is being cut off from Russian supplies in response to the UK's economic sanctions on Russia, said Dmitry Peskov, the press secretary of Russian President Vladimir Putin.
Now that Putin is turning up the pressure, the European nations have a difficult choice ahead: either they can play ball and demonstrate to the world that their efforts to wean themselves off of their dependence on Russian energy have been mostly in vain. Or they can face a "catastrophic" economic crisis as energy prices soar, leading to rationing, blackouts and other measures that will make the 1970s oil crisis in the US look like child's play.
Nordstream 1 goes directly to northern Germany. Has Nordstream 1 been closed? If so, I haven't heard this.
ETA: Note that the story does say that the UK is being cut off with prejudice because of its leading role in sanctions against Russia.
ETA2: I really don't believe Germany will risk being totally cut off from Russian Gas, at least not for long. If that happened, their economy would collapse very rapidly, and that would spread across Europe as if a real bomb had gone off. I doubt that Russia wants that either.
(Red Bold added by me)
Zerohedge
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
www.zerohedge.com
Gazprom Halts Gas Shipments To Europe Via Critical Pipeline
BY TYLER DURDEN
SATURDAY, APR 02, 2022 - 07:55 AM
After European nations imported the most gas from Russian sources yesterday in months, scrambling to stock up on supplies as Russian President Vladimir Putin's deadline to either pay for gas in rubles (or be cut off) came and went, Russian gas giant Gazprom has officially halted all deliveries to Europe via the Yamal-Europe pipeline, a critical artery for European energy supplies.
Instead of flowing toward Germany and the EU, gas supplies on Friday and Saturday started flowing in the opposite direction, according to Gascade, the network operator.
In recent months, the EU has already boosted imports of LNG from the US...
...and despite President Biden's promise to bolster to exports to the EU (although he stipulated that not all of this additional capacity would come from the US), researchers at Goldman Sachs have already shown that US exports of LNG are already at capacity.
Another problem for pipeline-dependent Europe: the continent presently doesn't have the infrastructure to allow it to rapidly ramp up imports of LNG, which must be carefully processed and "regassified" before it can be distributed to utilities and other distributors of energy.
A map below illustrates the level of dependence that various European economies have on Russia.
But it's not just the Germans who must now make due without Russian gas supplies. British energy major Shell is being cut off from Russian supplies in response to the UK's economic sanctions on Russia, said Dmitry Peskov, the press secretary of Russian President Vladimir Putin.
So far, the UK is the only country to have imposed sanctions on Russia's Gazprombank, through which payments for Russian natural gas are made. The measure effectively denies Britain the ability to pay for the commodity, and has forced Gazprom to walk away from the sales and trading arm. In accordance with Putin's decree that Russian gas be paid for in rubles, Gazprom has set up foreign-currency accounts for customers where their currencies can be converted into rubles on the Moscow exchange.
Now that Putin is turning up the pressure, the European nations have a difficult choice ahead: either they can play ball and demonstrate to the world that their efforts to wean themselves off of their dependence on Russian energy have been mostly in vain. Or they can face a "catastrophic" economic crisis as energy prices soar, leading to rationing, blackouts and other measures that will make the 1970s oil crisis in the US look like child's play.
Last edited:
ssbn642blue
Veteran Member
This is a "Oh Shit" moment for Europe.
Quiet Man
Nothing unreal exists
...and for the world. This will serve to establish the PetroRuble as a reality. Another earthquake.
Bubble Head
Has No Life - Lives on TB
No worries for Germany. They spent their fortunes on Solar.
Bubble Head
Has No Life - Lives on TB
Exactly right. Have to buy the Ruble to pay for Russian gas. Backed by gold I might add. Putin ain't no fool. Ukraine is a side show compared to what's coming.
Tristan
Has No Life - Lives on TB
Old Greek
Veteran Member
And the dumbass's laughed at Trump - right again, and again, and............No worries for Germany. They spent their fortunes on Solar.
Samuel Adams
Has No Life - Lives on TB
There is nothing better than an earthquake, for a world built on a shit foundation.
Sooner we start over, the quicker we heal.
