China Is Aggressively Buying Up Cheap Russian LNG, Europe paying a premium for US LNG

[jhungary]

just a minute, plz

do u believe what u say?
do u think people dt know about the panama canal?
do u think that only china has tankers, but europe does not?

Dude, you are unbelievable.

Most gas come from Alaska; you would have to go around the ENTIRE NORTHERN AMERICA to get across Panama Canal.

Any journey made in West Coast especially when they are close to Alaska would cost more to ship than go directly across the pacific. Plus the US - China leg already been paid for by the Chinese company, you are selling it to the EU with the existing stock, sure, you can charge more to offset the shipment cost, but it would still be cheaper and take shorter than EU order directly form the US via the West Coast.

IT's not about Tanker dude, it's about the route and there is no depot in the US east coast, Panama Canal is not God, you still have to go around the entire length of Mexico and other Central American country before you can go around to Atlantic.

 

[Viet]

China buys natural gas from the USA and resells it to the EU?

Don't you see the logic problem?

Why doesn't the EU buy natural gas directly from the USA? Is China closer to the EU than the USA?

EU buys gas from everywhere who wants to sell. In case you don’t know many Europe countries produce gas. Norway now is the biggest seller of natural gas to Germany. US/Canada is the second. Then a long list Netherlands, UK, France, Spain, Katar, Australia, etc.
Gas import from China is negligible.

 

[Indos]

I have already stated that Iran should be realistic, it is stupid to demand something that is difficult to be done by current US administration like to guarantee the next administration must keep with the deal.

They are negotiating too long, and now oil price is going down..........already around 82-88 USD per barrel. It is likely the oil price will keep going down into 72-82 USD per barrel in 2023, that price is something that Western country can bare.

The problem for Western countries is that gas and coal price are likely to remain expensive

 

[Viet]

I have already stated that Iran should be realistic, it is stupid to demand something that is difficult to be done by current US administration like to guarantee the next administration must keep with the deal.

They are negotiating too long, and now oil price is going down..........already around 82-88 USD per barrel. It is likely the oil price will keep going down into 72-82 USD per barrel in 2023, that price is something that Western country can bare.

The problem for Western countries is that gas and coal price are likely to remain expensive

Iran is a hopeless case. Fanatics win against logical thinking. I hope Indonesia will export liquid gas to Europe. the chinese are too hostile. I don’t think in the future Europeans will treat them differently than to russians.

 

[Indos]

Iran is a hopeless case. Fanatics win against logical thinking. I hope Indonesia will export liquid gas to Europe. the chinese are too hostile. I don’t think in the future Europeans will treat them differently than to russians.

There is strong indication that big a newly found gas and oil block in Aceh province will be in majority send to Europe in LNG form. European companies are the one that drilling the oil and gas block. Europe must be proactive, Indian government has already pursuit to drill in their side of Andaman's sea using their government fund.

Indonesia own future LNG needs I believe is already quite fulfilled with Masela block in Maluku island, seating in the center of archipelago, less cost to transport it to Java, Sulawesi, or Kalimantan islands, compared to Andaman block which is near Bangladesh (nearer to Europe). 65% of Abadi (Masela block) LNG will likely be send to Japan, as 65 % project stake owned by Inpex from Japan.

In Andaman Block, Indonesia Finds World’s Largest Gas Resources​

Summary

The Ministry of Energy and Mineral Resources (ESDM) revealed that the gas resources potential in the Andamans is quite high, with an average finding of 6 trillion cubic feet (tcf) from each block being developed. The Director General of Oil and Gas Tutuka Ariadji claims that the Andamans gas resource potential is the largest discovery yet in the world.

According to him, the Ministry of Energy and Premier Oil Andaman Ltd, the Andaman II Block operator, identified potential gas resources reaching six tcf in the Timpan-2 exploration well. ESDM Ministry estimates the reserves are also found in other blocks in the Andamans, for example, the Andaman Block III. On July 18, Repsol Andaman B.V as the operator began drilling the Rencong-1X exploration well. "The average [output] is around six tcf, so if you collect the three blocks in Andaman, it can be bigger than the Masela Block," Tutuka said on Wednesday.

 

[Viet]

There is strong indication that big a newly found gas and oil block in Aceh province will be in majority send to Europe in LNG form. European companies are the one that drilling the oil and gas block. Europe must be proactive, Indian government has already pursuit to drill in their side of Andaman's sea using their government fund.

Indonesia own future LNG needs I believe is already quite fulfilled with Masela block in Maluku island, seating in the center of archipelago, less cost to transport it to Java, Sulawesi, or Kalimantan islands, compared to Andaman block which is near Bangladesh (nearer to Europe). 65% of Abadi (Masela block) LNG will likely be send to Japan, as 65 % project stake owned by Inpex from Japan.

In Andaman Block, Indonesia Finds World’s Largest Gas Resources​

Summary

The Ministry of Energy and Mineral Resources (ESDM) revealed that the gas resources potential in the Andamans is quite high, with an average finding of 6 trillion cubic feet (tcf) from each block being developed. The Director General of Oil and Gas Tutuka Ariadji claims that the Andamans gas resource potential is the largest discovery yet in the world.

According to him, the Ministry of Energy and Premier Oil Andaman Ltd, the Andaman II Block operator, identified potential gas resources reaching six tcf in the Timpan-2 exploration well. ESDM Ministry estimates the reserves are also found in other blocks in the Andamans, for example, the Andaman Block III. On July 18, Repsol Andaman B.V as the operator began drilling the Rencong-1X exploration well. "The average [output] is around six tcf, so if you collect the three blocks in Andaman, it can be bigger than the Masela Block," Tutuka said on Wednesday.

Yes as said it’s the great chance for Indonesia for years or decades to come. Europe seeks trusted suppliers. Face it, the world is shifting we return to Cold War. The West, US, EU want to get rid off fanatics. ASEAN may face the choice soon which side to take. Those fanatics see themselves as free while others are slaves to the US. Worthless to talk to such people.

 

[Han Patriot]

50 percent discount?

Wow

Lavrov “new democratic world order” becomes cheaper under China’s thumb.

Actually gas prices rose so much that after a 50% discount, the prices are still. Higher than before the war. So in actual. Fact China is still. Paying slightly higher than before the war. But we'll at least we will be warm this winter. Lolol

First of all, closest oil and gas field to EU is not US, it's either North Sea (which is north of Europe) or Middle East (South of the Med), both are far closer to US and both produces large amount of oil and gas in those area.

Second of all, you can't buy gas unless you have pipeline set up, there are no cross Atlantic pipeline set up between US and EU, YET, putting it on a gas container and ship it to EU would be a lot more expensive than getting them directly from the pipe in Russia.

Thirdly, China used to buy a lot of Gas Product from US, mostly processed petroleum gas. US is 5th largest exporter of gas product to China

Petroleum Gas in China | The Observatory of Economic Complexity

Find the latest exports, imports and tariffs for Petroleum Gas trade in China.

oec.world

Look at this numb numb trying to explain lng. Hahahahaha. You need rrgasificatiom facilities not just pipeline. LNG can be yra sported using trucks too when it reaches the port, the problem is people cannot use LNG directly in their homes, they need it in gas form. Sheesh, that's the problem when you explain engineering fo non technical idiots.

 

[Hamartia Antidote]

50 percent discount?

Wow

Lavrov “new democratic world order” becomes cheaper under China’s thumb.

Well who else can they sell it to in quantity?

 

[Viet]

Well who else can they sell it to in quantity?

China gas consumption has sunken, surprisingly. they don’t need much gas, that’s why the chinese sell gas surplus to EU. That will be a big problem for Putin pocket. If he can’t sell to EU, while China consumption sinking, how will he finance the military with less money?

He will try to sell gas with bigger discount.

 

[tower9]

Europeans are truly a dumb people.

 

[beijingwalker]

Europeans are truly a dumb people.

They are forced to be dumb by US.

 

[BHAN85]

Ukraine war is the best gift ever of USA to China

Europeans are truly a dumb people.

European ruling elites are corrupt.
And European common people are dumb and drunk of American lies.

It's like the Revelations book of the Bible.

People are drunk of lies.

 

[tower9]

Ukraine war is the best gift ever of USA to China


European ruling elites are corrupt.
And European common people are dumb and drunk of American lies.

It's like the Revelations book of the Bible.

People are drunk of lies.

Most of the European people I’ve met just repeat the illogical self destructive lies they are told without any critical thinking abilities. So yeah they are dumb. They are literally going to sabotage themselves and suffer without even knowing why.

 

[AViet]

EU buys gas from everywhere who wants to sell. In case you don’t know many Europe countries produce gas. Norway now is the biggest seller of natural gas to Germany. US/Canada is the second. Then a long list Netherlands, UK, France, Spain, Katar, Australia, etc.
Gas import from China is negligible.

so why Germans/Czechs/everywhere in EU went to protest recently. Is everything from Germany still OK? Why DW keeps silent about protests in Germany? Is that so bad that even the propaganda mouthpiece of free press keeps its mouth shut.

 

[Beast]

50 percent discount?

Wow

Lavrov “new democratic world order” becomes cheaper under China’s thumb.

The money from Chinese will fund Putin war against west.