The United States was unable to press Gazprom in Europe and is fleeing to Asia again, FBA Economics Today reports.
American analysts from Bloomberg published an article that, when carefully studied, collapses under a shaft of criticism.
The authors of the article write that the daily supply of American LNG to Europe is 250 million cubic meters, moreover, the United States allegedly supplies energy to the European Union five times more than Russia exports. Energy expert, Deputy Director General of the National Energy Institute Alexander Frolov explained the reason for such incompetence of American analysts.
“What is this 250 million cubic meters? We looked at how many tankers go to Europe and calculated their capacity. Each one accounts for about as much, which means 250 million cubic meters per day. At the same time, not all of this LNG is American. Only part of these volumes is gas produced in the USA. These are traditional suppliers – Qatar, Russia and other Trinidad and Tobago, Nigeria and other exporters that have joined them”, Frolov recalls.
It is noteworthy that the authors of the American edition call the supply of liquefied gas from the United States to Europe the reason for the “decrease” in prices for the resource in the European market. The real state of affairs is catastrophic prices for a cubic meter of gas in the amount of 2200 dollars.
“The gentlemen at Bloomberg explain that there are three factors for the price to go down. The first is, of course, LNG from the USA. It cannot be otherwise. And then every “little thing” like warm weather. These are much more significant factors, because the fact that a tanker is going to Europe does not mean that it will be unloaded there. The buyer can say: “Our prices are already low, and in Asia a premium has formed again – we are turning around,” the expert explains.
It is known that only prices per cubic meter of resource in Asia are higher than European prices in the gas market, which is confirmed by the resale of LNG by European buyers to the Asia-Pacific region. American gas carriers are again turning in the opposite direction from Europe in search of corny higher prices.
“What kind of displacement of Russian gas by American gas from the European market is not clear. You’re looking at a narrow time frame, and you’re looking at purchases made at the time of peak prices. But now the premium is Asian, and gas will go there again. And, characteristically, gas starts to go there again, because it is more expensive there,” the expert sums up.
There is no talk of transatlantic solidarity in the US government; moreover, Europe has become nothing more than a necessary tool for the US establishment to maintain Washington’s influence on the geopolitical map.
Earlier, News Front spoke about Europe’s unjustified hopes for American liquefied gas.