How will Europe cope if Russia cuts off its gas? | Hacker News Reader

How will Europe cope if Russia cuts off its gas?

economist.com

14 pointsTenoke10 comments

Apparently the US is in talks to ensure Europe has a secure supply of gas from elsewhere to replace the possible loss of gas from the Russians.

It's the question of where to get the needed quantities soon enough.

It's also an opportunity for further replacement of hydrocarbons with renewable energy sources. I hope green energy will get a boost in Europe thank to the situation.

US frackers starting back up combined with a stable cadence of LNG export vessels running the US/EU Atlantic route would meet the need, while also tying the US and Europe together a bit more tightly than NATO.

Half of last month’s US LNG exports went to Europe.

https://ec.europa.eu/energy/sites/ener/files/eu-us_lng_trade...

What a conflict of interest. The US pressuring Germany not to build that pipeline to Russia while at the same time peddling their own gas at a much higher price.

I don't see how it is any of the US business where a sovereign nation builds their pipelines.

We don't want war, the Ukraine doesn't want war and neither does Russia. But for what ever reason it is the US and UK that are escalating this conflict when it is diplomacy that we need. This may not be in the US backyard but it is in mine.

The left and right in the US are hell bent on this war and as a European it is discusting what is currently happening.

> while at the same time peddling their own gas at a much higher price.

The US is not a monolith. The price of US-produced natural gas is not negotiated, controlled, or manipulated by the US Government. Natural gas is extracted by private companies, hundreds of them, some in the US, many outside the US (for example Quatar).

And when you are saying "much higher price", do you have any numbers to back that up? I just googled a bit, and it seems to me the futures for LNG with delivery on the Gulf Coast are much lower than the nat gas price in Europe.

>doesn't want war and neither does Russia

You are factually correct. Russia doesnt want war, they just want Ukraine territory.

Germany is a single country in Europe (many countries).

Nordstream 2 is a single unfinished pipeline in a network (many pipelines).

Neither were mentioned (pipeline no flow = no cut, Germany != Europe).

It is actually finished now, it just isn't used because of political tensions. They have no operating license in Germany yet.

The pipeline itself wouldn't be needed because NS1 would have enough capacity for the immediate future. Although Russia capped the throughput for political reasons as well.

Russia appears to be so poorly run these days, it’s so obvious how their recent moves go against their best interests.

This smells like trickery on the part of the Russians, keep the West diverted with Ukraine whilst they do something else secretly hidden elsewhere. What that is remains to be seen, but if I was Biden I'd get the intelligence agencies looking in other places quickly.

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