As European countries seek to reduce dependence on Russian gas, Africa is indeed a potential replacement. Recently Italy and Angola signed an energy co-operation agreement which seeks to increase the export of Angolan gas and reduce the dependence of the European country on the Russian gas supply.
Four days earlier, Italy's Prime Minister Mario Draghi signed an agreement with Algeria to buy more of its gas in a further sign of Italy's attempts to reduce dependence on Russia. Africa might be the real alternative.
https://www.bbc.com/news/live/world-africa-60803132?
Topic: Who will Replace Russian Gas Supplies to Europe? - page 21. (Read 5523 times)
Russia is the world's largest gas seller. If it does not sell gas to Europe, then for Russia it will not be a big problem. it will be a big disaster for the European countries. because only Russia can supply high quality gas at an affordable price. that's what we need to think about first.
Almost too late for that because Putin seem to have his own world too which he was sanctioning those countries as well. Come to think of it, while the world sanctions his country he also sanctions the world. The gas pipelines becomes useless after Germany funded its construction. Damn you, Vlad they are dying there and they can't even step outside thier houses because the snow is just too thick.
EU can get from Iran and Saudi Arabia, it's going to be costly though and I don't think any importers today will price thier gas/oil low the fact that the market price shoots up. Deisel is now higher than the gas.
Russia is the world's largest gas seller. If it does not sell gas to Europe, then for Russia it will not be a big problem. it will be a big disaster for the European countries. because only Russia can supply high quality gas at an affordable price. that's what we need to think about first.
Russia is a country with large and strongest gas reserves in Europe, in fact many Russian gas companies control gas and oil around the world, because of this power, Russia is not afraid of sanctions from Europe and the USA because they also have great power, namely gas reserves. which they could stop at any time and that would be a serious problem for Europe.
Greta loses the fight if they all open their coal power plant.
Do people really listen to her? She talks, but is she, and people like her, willing to take the economic sacrifices to truly save the environment?
It's also so ironic that the same people who listen to her are also be the people who might not want to make the sacrifice to save the environment.
OR as illustrated by that MEME, the people who might have selective viewpoints on where and where not to drill oil for example. I believe we should merely accept some ironies of life, to not be bothered by toxic people.
Because it's all just propaganda. Greta is just a product of propaganda. Who would risk the country's economy and stop drilling oil when the government has to make money. They thought the world will follow if they ask everyone to use renewable energy only. That's too good to dream of.
This is easy to solve and the war could even be avoided. But because it already has spread, I guess we're all in this deep situation. I don't think Venezuela or Iran or other oil producer countries will come to the rescue when all of them were also sanctioned before. They're all going to ask for their biggest deal.
Remove all sanctions forced on oil producing countries? Hahaha. Or simply, a group of countries secretly stop following U.S. sanctions, probably a country like El Salvador, and make secret deals with Iran/Venezuela, and use a censorship-resistant protocol as a medium for settlement of payments? This will weaken the U.S. Dollar, and weaken political strongholds made through the U.S. Dollar.
With the rise of BTC, cryptocurrencies, and the Digital Yuan, USD is already weakened. Who knows that CBDC coins like that digital yuan may even be killed by cryptocurrencies soon.
What I was actaully thinking is that peace talks, Putin seems to have been talking on television. I'm pretty sure that guy can decide good of what else can be done if they could just agree on security. Make a new deal if possible. What difference does it have when the US can make deals with Maduro or Ebrahim Raisi for gas and oil?
Greta loses the fight if they all open their coal power plant.
Do people really listen to her? She talks, but is she, and people like her, willing to take the economic sacrifices to truly save the environment?
It's also so ironic that the same people who listen to her are also be the people who might not want to make the sacrifice to save the environment.
OR as illustrated by that MEME, the people who might have selective viewpoints on where and where not to drill oil for example. I believe we should merely accept some ironies of life, to not be bothered by toxic people.
Because it's all just propaganda. Greta is just a product of propaganda. Who would risk the country's economy and stop drilling oil when the government has to make money. They thought the world will follow if they ask everyone to use renewable energy only. That's too good to dream of.
This is easy to solve and the war could even be avoided. But because it already has spread, I guess we're all in this deep situation. I don't think Venezuela or Iran or other oil producer countries will come to the rescue when all of them were also sanctioned before. They're all going to ask for their biggest deal.
Remove all sanctions forced on oil producing countries? Hahaha. Or simply, a group of countries secretly stop following U.S. sanctions, probably a country like El Salvador, and make secret deals with Iran/Venezuela, and use a censorship-resistant protocol as a medium for settlement of payments? This will weaken the U.S. Dollar, and weaken political strongholds made through the U.S. Dollar.
Greta loses the fight if they all open their coal power plant.
Do people really listen to her? She talks, but is she, and people like her, willing to take the economic sacrifices to truly save the environment?
It's also so ironic that the same people who listen to her are also be the people who might not want to make the sacrifice to save the environment.
OR as illustrated by that MEME, the people who might have selective viewpoints on where and where not to drill oil for example. I believe we should merely accept some ironies of life, to not be bothered by toxic people.
Because it's all just propaganda. Greta is just a product of propaganda. Who would risk the country's economy and stop drilling oil when the government has to make money. They thought the world will follow if they ask everyone to use renewable energy only. That's too good to dream of.
This is easy to solve and the war could even be avoided. But because it already has spread, I guess we're all in this deep situation. I don't think Venezuela or Iran or other oil producer countries will come to the rescue when all of them were also sanctioned before. They're all going to ask for their biggest deal.
There is something that not many people know, but the gas in Venezuela is burned because it does not have the capacity to take advantage of it, so what they have to resort to is that, I understand that there are gas pipelines that reach Cuba, and one of the options is that take advantage of the infrastructure that exists in Africa and not rule out the option of gas from Venezuela, also it does not sound so far-fetched because they will already have Venezuelan oil in the USA, so perhaps the gas is more expensive but I think those are the most viable options, another option is from Arabia, but I don't know how trade relations with them are, but until now I think it's not a very good decision to drown Russia so much when it depends a lot on them and that can trigger a war for the resources that are needed , currently the fight may be for Gas or oil, but tomorrow it will be for water....
Greta loses the fight if they all open their coal power plant.
Do people really listen to her? She talks, but is she, and people like her, willing to take the economic sacrifices to truly save the environment?
It's also so ironic that the same people who listen to her are also be the people who might not want to make the sacrifice to save the environment.
OR as illustrated by that MEME, the people who might have selective viewpoints on where and where not to drill oil for example. I believe we should merely accept some ironies of life, to not be bothered by toxic people.
Saudis are already producing around 11 million barrels of oil per day and their spare capacity is around 1.5 million barrels only. On top of that, some of their major oil fields are already past peak production stage and during the last two decades no significant oil fields have been newly discovered in Saudi Arabia. The Russian production is also around 11 million barrels per day, and out of that they export around 6 million barrels. On top of that another 2 million barrels of refinery products such as diesel and gasoline is also exported. If these exports are taken out, then the price of crude may shoot up to $300 per barrel and countries may resort to rationing of gasoline.
Even with your calculation if 6 million is sold by Russia, and if Saudis are getting 1.5 million extra, that will drop the needed to 4.5 million. If given the rights to do more (they were told to slow down) they could do at least another 1.5 million barrels more in the short term and this was already the plan all along.Plus, we are talking about a lot more places all around the world that people saw "unworthy" right now, especially in alakas and other places, which could yield another 1-2 million barrels depending on how well it is. Combine these all together and we are getting less threats from Russia. Not impossible, not easy but not impossible. The prices are dropping right now as you can see, it was a reactionary pricing, and will be around under 90 very soon.
Africa and Middle East is the next quick destination, but the cost of movement and safety on the sea is another thing to handle. I hope they are about to quickly resolve this and bring a lasting peace.
Greta loses the fight if they all open their coal power plant.
Do people really listen to her? She talks, but is she, and people like her, willing to take the economic sacrifices to truly save the environment?
There are so many countries around the world that are producing gas, the thing with Russia and Europe is that Europe has already established a business partnership with Russia, and this disconnection might affect them for a short while. But, I don’t think this is much of a problem, because before all these countries have sanctioned Russia they must have thought about this. And they are very much aware that they have so many other options that are available to them.
Many countries in Africa can supply them with gas, such as Nigeria, and even in Asia such as Iran, and so many other countries. But I think one thing that most of those countries may be lacking is infrastructures, but with time and if there is demand for it, they would start to build up.
Many countries in Africa can supply them with gas, such as Nigeria, and even in Asia such as Iran, and so many other countries. But I think one thing that most of those countries may be lacking is infrastructures, but with time and if there is demand for it, they would start to build up.
Saudi Arabia can also be next to replace Russia in supply of gas. Saudi Arabia is one of the top.oil and gas producing countries, apart Saudi Arabia their some africa countries that are rich in gas that can also be a better option to the European countries. If Russia stops the supply of gas to the European countries, Russia will also be affected too, I think it will affect Russia more. The European countries can replace Russia from gas supply, and has nothing to lose about it.
I have also thought of that, if Russia is not selling the gases to other European countries, then what exactly are they going to be doing with it? It’s going to be a big loss for them and I don’t think this is something they would like to do.Although they will still have to do it cause none of these other countries are ready now to start buying anything from them, they have been sanctioned by so many countries. Except China I think (though we are talking about Europe here). Selling gas to other countries is part of Russia’s major source of income, and if they should stop selling to other countries, it would affect their economy which has already been dwindling.
Finding an immediate replacement is really tough. Based on the oil production among the European countries, there is none with the production ability of Russia. Right now Arabian Countries can take the place of Russia. In specific countries like Saudi Arabia, Iraq, United Arab Emirates, Kuwait, etc will make use of the situation making their country super rich increasing the oil price
It can be hard at first because the pressure is still there, they need to act and find an immediate alternative so that the production continues. They are also worried because available countries might not have enough supply but I think later on they can calm down and think of a more effective way how to combat the issue.It's not that other countries are using the situation to get an advantage but they are also helpful, it's not bad to increase the prices since the demand is high and why would Africa be insecure? And if they have a lack of infrastructure, they can always ask for help to solve this issue it in exchange for the oil/gas.
I believe if the U.S. was given no choice it would start using more oil from its stockpile for emergency use. The U.S. has the largest stockpile of oil in the world. Plus if truly pushed, the U.S. can also drill oil from within its country, especially in Alaska.
Saudis had a cap in place because of Russia long time ago, it has been like 5 years if I am not wrong. All west needs to do right now is remove that cap and the price of oil will crash. Saudis do not even take all the oil out right now, they have so much oil and they only take out a certain amount each year to prolong the end of it, in 40 years or so there will be no more oil left with this pace, but they already made so much money that even with zero oil, they still own many companies, big ones, all around the world so they will be fine.
Double the outtake right now if you can and Saudis will cover all the oil need from the west right away in a single year without a problem.
Double the outtake right now if you can and Saudis will cover all the oil need from the west right away in a single year without a problem.
Saudis are already producing around 11 million barrels of oil per day and their spare capacity is around 1.5 million barrels only. On top of that, some of their major oil fields are already past peak production stage and during the last two decades no significant oil fields have been newly discovered in Saudi Arabia. The Russian production is also around 11 million barrels per day, and out of that they export around 6 million barrels. On top of that another 2 million barrels of refinery products such as diesel and gasoline is also exported. If these exports are taken out, then the price of crude may shoot up to $300 per barrel and countries may resort to rationing of gasoline.
Saudi Arabia can also be next to replace Russia in supply of gas. Saudi Arabia is one of the top.oil and gas producing countries, apart Saudi Arabia their some africa countries that are rich in gas that can also be a better option to the European countries. If Russia stops the supply of gas to the European countries, Russia will also be affected too, I think it will affect Russia more. The European countries can replace Russia from gas supply, and has nothing to lose about it.
Saudis had a cap in place because of Russia long time ago, it has been like 5 years if I am not wrong. All west needs to do right now is remove that cap and the price of oil will crash. Saudis do not even take all the oil out right now, they have so much oil and they only take out a certain amount each year to prolong the end of it, in 40 years or so there will be no more oil left with this pace, but they already made so much money that even with zero oil, they still own many companies, big ones, all around the world so they will be fine.Double the outtake right now if you can and Saudis will cover all the oil need from the west right away in a single year without a problem.
There are suspicions that Russia might fight back by shutting gas supply to the West. Some sources confirmed that the US is already in talks with Qatar to become Russia’s substitute.
But Qatar and other oil and gas producing nations confirmed that they will not be able to provide substantial amounts of gas to replace Russia’s supply.
African countries have been tipped as the best option because the continent has some of the world’s deepest gas reserves. But Africa might not replace Russia because of insecurity and lack of infrastructures.
Who will replace Russia?
https://www.aljazeera.com/economy/2022/3/1/analysis-can-african-gas-replace-russian-supplies-to-europe
Trade is a two way deal, if Russia won't sell natural gas to Europe where will it sell all the Natural gas that it has? It'll be a great loss on its foreign exchange reserves, chances are once things return to normal the sanctions will be taken back by the West and Russia too will restart the supply of gas but just in case it doesn't. This will be a great opportunity for the African countries to develop it's infrastructure, they will even get a lot of support from the west and can easily become a the new natural gas supplier of the world pretty easily. But Qatar and other oil and gas producing nations confirmed that they will not be able to provide substantial amounts of gas to replace Russia’s supply.
African countries have been tipped as the best option because the continent has some of the world’s deepest gas reserves. But Africa might not replace Russia because of insecurity and lack of infrastructures.
Who will replace Russia?
https://www.aljazeera.com/economy/2022/3/1/analysis-can-african-gas-replace-russian-supplies-to-europe
Indeed, all countries know that Russia is the largest country that supplies gas to Europe, there are at least four other countries that continue to distribute gas to Europe.
You can see below.
From where do we import energy?
Although the percentage is much different from Russia, Europe can still enjoy gas from other countries, apart from Russia, of course Europe must limit gas users in each region to meet the existing supply.
Negative effect if russia no longer sends gas to europe, definitely especially for big companies that need a lot of gas, that's the war of all parties, feel the loss.
You can see below.
From where do we import energy?
Although the percentage is much different from Russia, Europe can still enjoy gas from other countries, apart from Russia, of course Europe must limit gas users in each region to meet the existing supply.
Negative effect if russia no longer sends gas to europe, definitely especially for big companies that need a lot of gas, that's the war of all parties, feel the loss.
You don't need that much natural gas. My parents and grandparents barely ever used gas at the house. We became more dependent on it because Russia was selling cheap and we took it for granted.
In the 70s and 80s many homes (especially in the South and south-east of Europe) relied on electricity and wood/coal for heating. Each home either had a coal/wood kitchen oven used for heating and cooking and this was supplied by an electric water boiler and an electric oven for use during warm months, when you didn't need to heat the house.
I'm not saying we have to completely resign from gas, but cutting the supply by half wouldn't be a problem in many regions of the EU. If the governments managed to divert the money spent on buying gas from Russia into building power plants and decreasing the cost of energy, people would start to switch to electric heating by themselves because it's safer, cleaner, easier to install and manage. Gas furnaces need to be inspected and cleaned every year. You don't have to do that with electric heaters.
I don't think many Western European countries are lucky enough like Norway to get their energy from geothermal.
Norway has zero geothermal power plants, and there are zero actual plans on building anything other than small-scale local projects, the ground below Norway is simply not suitable for it. Besides Norway has a ton of gas and oil, thereby are the last ones to be affected by this.
Speaking with replacing or alternative supplies then theres just no way.
https://www.cnbc.com/2022/03/08/analysts-say-alternative-supplies-wouldnt-be-able-to-fully-replace-russian-oil.html
https://www.cnbc.com/2022/03/08/analysts-say-alternative-supplies-wouldnt-be-able-to-fully-replace-russian-oil.html
Everyone looks at this from the wrong side ignoring one major fact.
If Europe stops buying Russian oil, will Russia stop selling oil altogether? No, of course not.
It will sell oil to other countries that don't sanction it at a discount from the current providers while the countries that sold previously now have to look for another client, which will be Europe.
For example, China imports 2 million barrels from Russia, 2 from Saudi Arabia, and 1,5 each from Angola and Iraq.
If China would import 5 more million from Russia it would have no need for Saudi Arabia, Angola, and Iraq, so what are those countries going to sell their oil to?
Besides, all Europe has to do is pay 10$ extra for a barrel of oil then other countries, let's see who can afford to pay more, India or the EU.
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