https://edition.cnn.com/2025/01/01/business/ukraine-russia-gas-eu-halted-hnk-intl/index.html
Ukraine now faces the loss of some $800 million a year in transit fees from Russia, while Gazprom will lose close to $5 billion in gas sales, according to the news agency. Several European countries still purchasing Russian gas had previously arranged alternative supply routes, it reported.
Before Russia launched its full-scale invasion of Ukraine in 2022, Russia was the European Union’s biggest supplier of natural gas. The bloc has whittled Russia’s share of its pipeline gas imports down from over 40% in 2021 to about 8% in 2023, according to the European Council.
To fill the gap, Europe has imported vast quantities of liquefied natural gas (LNG) — a chilled, liquid form of natural gas that can be transported via sea tankers — from the United States and other countries, as well as pipeline gas from Norway. The EU has also ramped up imports of Russian LNG to help heat its homes and power its factories, but faces a self-imposed deadline of 2027 and plans to break its dependence on all Russian fossil fuels.
This is actually an interesting scandal. For all the talk of international sanctions and how China is ignoring them and enriching Russia, it's actually Europe that is funding Russia's war effort by buying its gas.
ReplyDeleteAnd it's a Canadian scandal. The German premier showed up here a while ago asking to buy our LNG and was told by our idiot prime minister that he didn't think it made business sense. So the Germans went to Qatar and gave them billions of dollars instead.
Our Communist labour party in UK is doing the same. Closing down North sea oil and gas, so we need to import from Qatar and USA.
DeleteBanning petrol (gasoline) cars, so we close down our factories and buy electric cars from China. Oh, they said they would arrest netanyahu if he steps foot in UK