On 01 Dec 2022 15:38:08 +0000 (GMT), Theo
<theom+news@chiark.greenend.org.uk> wrote:
Hence blowing it up didn't actually affect the amount of gas Russia sold >very much. But it did increase uncertainty and hence gas prices. Why sell >more when you can just raise the price on what you do sell?
I'm not following all of this topic's details, but
Feb 4 - Russia, China agree 30-year gas deal via new pipeline, to
settle in euros https://www.reuters.com/world/asia-pacific/exclusive-russia-china-agree-30-year-gas-deal-using-new-pipeline-source-2022-02-04/
I believe there was more than one Russian oil/gas executive who fell
out of a window, so to speak. What that was about, I don't know.
EU sanctions against Russia explained - In June 2022, the Council
adopted a sixth package of sanctions that, among others, prohibits the purchase, import or transfer of crude oil and certain petroleum
products from Russia to the EU. The restrictions will apply from 5
December 2022 for crude oil and from 5 February 2023 for other refined petroleum products. https://www.consilium.europa.eu/en/policies/sanctions/restrictive-measures-against-russia-over-ukraine/sanctions-against-russia-explained/
Nord Stream explosions - 27 September
Via above timeline, Putin/Russia had a plan B with China, and was
fully aware of EU sanctions before NSs' pipes exploded.
NS1 was operating at reduced capacity
Russia has been reducing gas supplies through Nord Stream 1 for a
number of months.
...
...
Over the past year, Russia has cut its gas supplies to EU states by
88%, according to Mr Fyfe.
Wholesale prices of gas in Europe have more than doubled over the same period, he says.
https://www.bbc.com/news/world-europe-60131520
Why sell more when you can just raise the price on what you do sell?
I'd have to pin down existing gas contracts, and if Russia was selling
on the open market to confirm your thinking.
BBC article cited suggests prices were rising before NS explosions
It's true Biden said, "If Russia invades...then there will be no
longer a Nord Stream 2. We will bring an end to it." https://abcnews.go.com/Politics/biden-meet-german-chancellor-urge-united-front-amid/story?id=82712888
But, when NS's explosions happened, Russia was already "choking"
European countries, by reducing gas flow. And, Germany stalled on
certifying NS2.
Again, Putin had a plan B back on Feb 4....
Still no news?
Another Topic
Repairing Finland-Estonia Gas Pipeline May Take Months
Another Topic
Repairing Finland-Estonia Gas Pipeline May Take Months
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