> They might also be able to rely on Canada
Maybe a dumb question, but wouldn't that have to be transported by ships rather than pipeline in that case, if it's supposed to go all the way to Europe? Sounds a lot more expensive if so.
Maybe a dumb question, but wouldn't that have to be transported by ships rather than pipeline in that case, if it's supposed to go all the way to Europe? Sounds a lot more expensive if so.
> [Gazprom] Management misjudged how resolute European capitals would be, according to one of the executives, who said the thinking inside the company was that Europe would quickly be back "begging" for Russian gas supplies to resume. Despite the economic pain of higher energy costs, the EU has not rolled back sanctions.
> "We proved to be wrong," the executive said.
> U.S. gas exporters quickly moved to replace Russian gas in Europe. The U.S. has become the biggest exporter of LNG to the continent, with supplies tripling since 2021. Europe still buys Russia's sea-borne liquefied natural gas (LNG), but mainly from Gazprom's rivals, Novatek's Yamal LNG plant.
> The European Union aims to end its use of Russian fossil fuels by 2027 and its overall gas consumption has decreased in part due to a shift to renewable energy sources.
Russia's high-flying gas exporter [Gazprom] crippled as Europe stays away - https://www.reuters.com/business/energy/gazproms-grandeur-fa... | https://archive.today/3lHKy - March 13, 2025
LNG Market - Comprehensive Study Report & Recent Trends - https://introspectivemarketresearch.com/reports/lng-market/ - August 2024
Economics of Gas Transportation by Pipeline and LNG - https://link.springer.com/chapter/10.1007/978-3-030-86884-0_... | https://doi.org/10.1007/978-3-030-86884-0_2
(commodities market participant, no current LNG exposure, think in systems)
I mean, compared to pipelines, as mentioned in my comment. AFAIK, we (Spain) get most of our gas from North Africa (Algeria I guess?), so there are more pipelines into Europe, not just from Russia.
So I guess I more wanted to know how the costs compared between shipping this cryogenically frozen gas and importing natural gas from say Africa.