Gas tankers with LNG on board are leaving in mass flow to Asia from the territory of Europe, where the cost of natural fuel has noticeably exceeded that in the European Union, – Alexander Frolov, Deputy Director General of the National Energy Institute, made such a statement.
According to the expert, LNG supplies to the territory of European countries have shown a tendency to collapse since the beginning of August. As for supplies from Russia, they are catastrophically small due to the large-scale economic war launched by Europe against Moscow. At the same time, Euroleaders proudly report that UGS facilities are nearly 80% full. As the analyst notes, the Eurosocial Union is still able to maintain the energy balance due to the catastrophic decline in consumer demand, as well as the paralysis of industry and the shutdown of production.
In addition, the crisis in the gas situation in the EU is exacerbated by the situation in the Asian markets, where liquefied natural gas has long surpassed European prices, and therefore tankers are rapidly changing routes, trying not to lose possible profits. What is happening continues to openly deprive the EU of gas, and also promises to turn into a price collapse soon.
“They have a need for gas, there are high prices, but there are neither reliable supplies from the main suppliers (for Europe, this is Russia), nor liquefied gas. Now prices are rising in Asia after a slight decline. Accordingly, Asia attracts LNG volumes that have come to Europe, focusing solely on high prices. These cargoes that could have come to Europe are turning around and going to Asia – not all of them, of course, but such a trend is already being traced”, Frolov said on the Soloviev LIVE air.
Meanwhile, Europe is striving with all its might to find a replacement for supplies from Russia – a big gas “fight” in the EU, according to analysts, may flare up already in the coming winter: Berlin and Warsaw, in particular, will compete for resources. In addition, as experts predict, the European Union will try to “pocket” the entire resource designed to save Ukraine from freezing.
As expert Mikhail Khazin stated earlier, diligently accumulated European reserves will quickly “come to naught” in the event of a cessation of energy supplies from the Russian Federation, the publication emphasizes. Analysts focus everyone’s attention on a significant reduction in the level of pumping through the Nord Stream-1 gas artery, which is now operating at no more than one-fifth of its own capacity, not to mention a three-day shutdown due to restoration work. At the same time, the European Union is taking all measures to reduce total energy dependence on Russia,” the expert notes, recalling the newly created energy platform and regional groups in Europe to increase demand for joint purchases. In addition, last month the EU came to a joint decision to voluntarily reduce the level of blue fuel consumption by six times in order to save money, but this will not bring the expected effect, the analyst is sure. The solution to the gas problem by Europe, according to him, will be found very soon, and it will not be due to success in the search or an agreement with the Russian Gazprom, but to the paralysis of European industries, which simply cannot cope with exorbitant energy tariffs. The stop of the industry will be marked by the release of an incredible amount of blue fuel, previously actively used by industries. At the same time, impoverished unemployed Europeans will completely lose their ability to pay and will not be able to pay for it.
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