This page has been archived and commenting is disabled.
The Most Important Company In Europe
There is a reason why in the past we have referred to Russia simply as Gazpromia. Here is why...
And a little more color on this soon-to-be-critical company... Pages 10-12 are of particular importance...
»
- 33977 reads
- Printer-friendly version
- Send to friend
- advertisements -
Is that Ukraine % including or excluding Crimea?
Ukraine is not a country you know, George. Soon it won't matter.
What is a Nation-State?
1000 Years of Europe:
http://loiter.co/v/watch-as-1000years-of-european-boarders-change/
I'm 100% confused about Belarus being 107% dependent...
100% dependency = you need imports this very moment or you don't got shit.
107% dependency = you need imports this very moment or you don't got shit, and you've used up (1.07 x 365) - 365 = 25.5 days of next year's supply too.
Sorry Morgan Stanley but your research is waaaaaay outdated. Do you want an example?
You show Poland 80% dependent.
Poland consumes 15 Bm3/yr. It has its own gas to the tune of 5 Bm3/yr. It is imports 10 Bm3. This is 66% dependency.
However, they opened a gigantic switch (10 pipes intersecting) and can import up to 5 Bm3 from Germany. This German gas maybe from Norway or Algeria or other non-Gazprom source. This would mean that in case SHTF Poland is only 33% dependent on Gazpromia.
But wait, there is more. The new LNG terminal in Poland is nearly completed (end of 2014). It will be able to import 5-7.5 Bm3 from Qatar or Algeria. This means 0% dependency or even ability to re-export some gas to Baltics. Right now we enter spring and summer and they can cut off Gazprom completely if needed.
The energy infrastructure in Europe is changing rapidly - dear MS. You better check your facts frequently before broadcasting your 'research'.
LNG employees will be paid hazard pay because the work is so dangerous. An explosion at a plant has a blast radius in the tens of miles squared.
The most important company globally is Walmart. That's where Joe Meatball gets his bargains. Bitches.
then those balls hanging from your sleepless eyelids will fetch a nice price at market.....sad desperate unpaid blogger
is there not a train in your vicinity? if so, kindly think about stepping in front of it.....and for god sake it's
BITCHEZ
Production capacity is key.
I doubt Poland is at the top of the queue to import any spare capacity?
Why? Any facts to support it?
Exactly, they may have some gas fields, but the need good production and if you don't have that then it doesn't matter how many gas or oil fields you have.
FinalCollapse
Wouldn´t that be wonderful to see? Europe getting its energy import diversification act together. I had read just a smidgeon before, thanks for your update.
The energy infrastructure in Europe is changing rapidly
Where is all the drilling taking place at?
Too bad US is 3-5 years away from export readiness. Barry killed the energy sector in case no one has been paying attention, (which is the case).
See, all of our brand new export terminals are rotting in the sun, It will take years of maintenance to ready them for use.
Then, going have to evacuate the near by towns, because as standard procedure for any government run operation, one, or two, will surely fail rather spectacularly.
So, if yall weren't punching holes two years ago, well, you're pretty much fucked, and at the mercy of the bear.
Hey, it could be worse. You could be freezing your ass off right now,.
The polar vortex is dug in like a tick, hasn't moved in months.
Most of Europe can live without any US LNG. It is only needed to diversify - but it does not impact Gazprom dependency. Baltics may be an exception here. I am sure EU will warmly welcome ability to import gas from US. Russia works overtime to destroy all EU efforts toward gas/oil independency.
To someone else who commented on my facts. No - this is not about production. The MS 'research' was about dependency on Gazprom. It is important to understand that there is ample of gas in Norway, Algeria and the Caspian region and what needs to be done is to upgrade the infrastructure to bring it in and distribute it - like reversing gas flows on demand. There is gas flowing from Turkey (from Caspian region) and there is gas piped into Italy and Spain from Algeria (four undersea pipes). The connection between Spain and France is a weak one and will be upgraded soon but the Italian network is very strong and this Algerian gas flows from south to north nicely and just needs to be redistributed around.
All in all, EU still depends on Gazpromia but much, much less than it looks on the surface. There is a lot of subprime research junk floating around the blogosphere. All it takes is to drill a little bit deeper into all sources of gas and the infrustructure to distribute it around EU. If country imports x from Gazprom it does not mean that it cannot overnight switch to import x amount of gas from another source.
Shonuff , in an emergency they can all exploit every little shithole that has something flammable but ar what cost? Quick, get the IMF on the phone!
Swinouijscie LNG terminal won't be near 7.5B til 2017, if then.
The 5B portion was quoted as 75% complete 20 days ago. Started in 2011. They won't be done this year.
Note also Poland's consumption is growing sharply and domestic production flat at best.
mazamascience.com/OilExport . . . click on the gas option
'In May 2013 the project was almost 60% complete, and its commissioning is scheduled for 2014.[4][5]'
http://en.wikipedia.org/wiki/%C5%9Awinouj%C5%9Bcie_LNG_terminal
I don't know what these mazamascience guys that you quoted are smoking but I like how it works.
mazama is just a plotting site, data from BP. Noted as the source for statement domestic consumption is growing and domestic production is not.
The 75% quote not from them. It was from the relevant Poland minister last month. Particularly worrisome if they were 60% in May last year and only 75% Feb this year.
Call it 30 days, not 20.
Posted on Feb 14th, 2014
Poland’s first LNG import terminal, which is being built by Polskie LNG at the Port of ?winouj?cie, is about 75 percent complete, a statement by the Chancellery of the Prime Minister of Poland said.
http://www.lngworldnews.com/poland-swinoujscie-lng-terminal-75-pct-compl...
As an ex-Gazprom shareholder and invested&working in renewable energy venture capital, I concur. Europe's energy landscape is evolving extremely fast. If Russia tries to use its energy resources for political blackmail, the more incentive there is to look for (and find) alternative sources - whatever they may be. Using Gazprom for political reasons will backfire spectacularly in the long run, but definitely cause serious damage on Europe in the short run. A reason neither side is keen on using the energy market as a political playball.
A Nation State is a handy sized area with a population that's not too big to control easily.
Nation States are just lines on maps.
Imagine if the guys on the ISS started brawling.
Everyone would say they were nuts, as they have nowhere else to go.
Just multiply by approximately a billion and replace ISS with earth.
If we cooperate, we all win.
If we fight, nearly everyone loses.
A few benefit.
Why do you think the 'few' start all the wars?
To get aboard the ISS, you have to be highly educated and intelligent to begin with. You already had to demonstrate your abilities and earn your way up there. I'm sure there are also extensive psychological tests. So, they would have to literally go crazy for some reason.
Getting on to earth is not difficult at all; there are no apparent qualifications. Many don't even believe that the earth has limits. Bringing another life into the world doesn't require space ships, mathematics, physics, etc., either.
What about the people who don't care to cooperate or work? Certainly they'll never make it to the ISS; however, they're already here on earth and can bring others here too.
What about people who would rather exchange freedom by voting in a politician in exchange for promises of free health care and free this and free that?
peak population!
"I will have more flexibility after the election"
Obama
correction
"I will have more flexibility after the election for more Golf"
Barrack "Tiger" Obama
Close. "I will have more flexibility after the elections in my club shafts because I'm buying a set of ladies clubs."
Where can I buy that cute little bear/panda couple??? Holy Shit that's awesome marketing, whose daughter doesn't want those two "little buddy's" as friends in the future!
Skipping paw in paw into the future, holding our colors!
Hey Bammer, who's hand will WE be holding as we skip into the future? France, Poland, Italy, Spain??????
Zimbabwe's
You have young kids? This stuff (Russian) is genius.
http://www.youtube.com/channel/UCRv76wLBC73jiP7LX4C3l8Q
Don't worry about the language.
"Hey Bammer, who's hand will WE be holding as we skip into the future? France, Poland, Italy, Spain??????"
Israel of course. Duh!
Sarc/
the most important part is that Belgium will not be affected.
So, don't worry, fals alarm, let's bully the russians a bit more!
Dupe me, Peru! Dupe me again! May I have another, señor?
That´s right, Belgium! Don´t take any crap from Russia! GAZPROM give you any lip, pop ´em one!
Interesting, maybe.
Meet The Brand New, And Shocking, Third Largest Foreign Holder Of US Treasurys.
http://www.zerohedge.com/news/2014-03-18/meet-brand-new-and-shocking-thi...
Fascinating. Belarus, Czech Republic and Finland all get more than 100% of their supplies from Russia. I smell corruption.
Finland doesn't have any gas storage capacity and less than 10% of energy is natural gas.
When it comes to valves - righty tighty, lefty loosey. Europe should beware of righty tighty.
off topic but a good read re: China http://www.forbes.com/sites/johnmauldin/2014/03/22/mauldin-chinas-minsky...
Or here:
http://www.zerohedge.com/news/2014-03-19/chinas-minsky-moment-here-morga...
You want gas? pay the fuck up bitchezz. Otherwise, bend over...
You want gas? eat more beans!
You're spot on. Instead of pumping human effluent into the ocean, they could "digest" it and produce methane.
Ohhh lord, don't get intellectual with these savages!!! Our job is just to feed their wants and needs to them slowly but consistently, without stirring shit up too much!!!
They want no responsibilities or accountability for their own survival or "place in life", just rewarded for "being"! Any "crazy" talk of alternatives to this current status quo, will NOT be looked upon kindly by ANYONE!!!!
It's "Pay up, bitchez, or meet Mssrs. Ben Dover and Goldmember."
"I knew you'd be surprised!" - F.Zappa.
Ukraine owes China grain. Grain takes fertilizer. Fertilizer takes gas.
Belarus? There is no way imports can excede consumption unless there is a natural gas black hole there.
Yes there is, the gas is held in resevoir tanks and that is used to feed internal usage so as gas passes through only some goes into the tanks and the rest keeps transiting through into Eastern Europe. Transiting gas = import to export immediately + reservoir gas (import and internal consumption only). Or simply put you import more you consume you store or export the excess.
Black Hole = Corruption
Re-export!
More like re-re-export. They had this problem with Tymoshenko when she was prime minister in the Ukraine back in 2009 I believe during the last gas dispute. Ukraine was taking gas for domestic use bought at the discounted rate from their reservoirs and reselling it to the EU for cheaper than what Russia was charging. That was one of the reasons Gazprom shut off the gas to Europe through the Ukraine at the time once they found out what was going on.
"Stealing Popcorn" wanna be again leader of free ukraine and gaz queen Yulia and a little about connect with Lazerenko in US prison
http://www.youtube.com/watch?v=clgN_7HHqbw
there is US prosecutors tell investigate gas stealings, kickbacks, money launder and offshore hidings...
Crooks stealing from crooks. Who would have thought. Putin and his cronies steal from the state who then get ripped off by another group of cronies in another state.
So it seems Putins motives are economic and have nothing to do with protecting the rights of ethnic Russians, except he can then rip them off as well.
Putin is just another criminal but we still get all of the Putin man crush fan boyz drooling over his actions on web.
Not econonic definitely. I'm torn between 2 options - either he's now concerned with his place in History of Russia - to be regarded not entirely negatively but as a person who did something good too, or he's cementing his power with eliminating oligarkhs who keep their money and families in the West and are effectively its puppets. So he needs de-offshorisation (which is accelerating in Russia now) and an external enemy to consolidate popular support to destroy the rest of electoral rights.
Though I agree he'anything at all but a Russian nationalist.
You don't understand scarcity.
They have the oil and gas. Europe doesn't.
It doesn't matter who the individuals are. Geology rules the decision regardless of who is who.
The Yamal-Russia pipeline through Belarus also supplies Poland and Germany.
The issue for Gazprom is that they havent yet built the pipelines to China. As soon as they can choose wheter to deliver to China or Europe (in 2019, see p. 17), Russia will be in a much stronger position.
Also: Winter is over in Europe, for the next 6 months gas demand is weak(er). So short term interruptions in gas deliveries won't hurt that much.
Once a deal is struck, the pipelines will go in pdq as their construction will not be impeeded by a bunch of tundra huggers and their ilk, as was the case in Alaska. Remember 100 years ago they built the 5,700 mile Trans-Siberian RR through "impossible" endless wilderness. These guys know how to lay stuff down.
I wonder how much pipe they can put in per day?
How many people you got? /sarc
in shanghai they moved a 5 4 lane major road 200 meters during the weekend?
in China they build a sky scarper complete floor in a week?
Pipe layers anyone:
000528 Guangxi Liugong M... 5.86 +0.18 3.17% 6.59B
000157 Zoomlion Heavy In... 4.94 +0.13 2.70% 38.07B
600710 Changlin Company ... 3.21 +0.25 8.45% 2.06B
600815 Xiamen XGMA Machi... 3.42 +0.09 2.70% 3.28B
000425 XCMG Construction... 6.80 +0.20 3.03% 14.03B
000923 XuanHua Construct... 9.10 -0.40 -4.21% 1.80B
600031 Sany Heavy Indust... 5.71 +0.15 2.70% 43.49B
600984 Shaanxi Construct... 5.58 +0.07 1.27% 1.35B
000680 Shantui Construct... 2.91 +0.07 2.46% 3.61B
002097 Sunward Intellige... 8.14 +0.26 3.30% 3.35B
...and their locomotives were built in Paterson, NJ
http://www.bing.com/images/search?q=paterson+nj&FORM=HDRSC2#view=detail&id=55F5DD61E6A37886C5DFEF992E559FB88AA73622&selectedIndex=39
(Now it looks like Detroit)
Gas demand is higher in summer as the national reserves are refilled for next year.
Nat gas power plants function year round.
Yeah - but this year is different. The winter was one of the mildest on record. All national reserves all already full. Germans would be more than happy to reverse some flow to Ukraine. EU has too much gas right now.
The Goldman Sach and Janet Jellen fixen to be havin some of that.
Yeah, the Fed can create wealth out of nothing. There's no reason why they shouldn't be able to print some gas and food to go with it.
Does Gaz have an on/off valve for each country?
ThisIsBob Does Gaz have an on/off valve for each country?
----
If you used gas, can't your energy company shut off your supply if you don't pay your bill while not effecting your neighbors?
Southern Europe's supply passes thru Ukraine
perhaps they can, if they put some time and effort in it.
but that's not the issue.
the issue is about the balance of power between nations. much more fun squeezing an entire country than just an individual.
ThisIsBob:
They usually do not own the distribution network. Hence they cannot control on/off directly. They can do it indirectly very well - just by controlling the pressure on their end (case Ukraine - Yulia Tymoshenko).
They do not own anything in Poland and Ukraine for sure. I can draw a line from Gdansk in Poland (Baltic Sea) to Odessa in Ukraine (Black Sea) and the line will cross border only once: between Poland and Ukraine. Something tells me that the East-to-West distribution shutdown it is coming - maybe not abruptly but phased in over number of years as EU upgrades their internal distribution network to get ample of gas from other sources.
Btw - they can stuff the South Stream pipe right into Putin's ass. No one needs this shit.
yes they have
If the Russians decided to produce Honda-quality products using their energy resources they could out-compete everybody and own the world. They have the oil and gas. But don't give them any ideas---
They have some ideas, too. But the infrastructure is rotten, the ruling class and big business is totally corrupt, population is shrinking, capital has be flowing out on a net basis for years etc ...
90's news. Population stabilized now & infrastructure improving.
Trans-Siberian Highway completed for 1st time ever. Extra lines added to Trans-Siberian railway. Vladivostok has 2 huge new bridges, bolstering against Chinese encroachment.
Actually if there's nobody as disastrous as Napoleon/Hitler/Yeltsyn I don't see anything which can stop us becoming a top 10 gdp/capita member, just socialism was a dead end and now after we have capitalism it is just a matter of time. Of course Jewish oligarkhs who stole most of our wealth in 90s slowed us down much, as well Putin was their puppet so far - he was encouraging money flow from Russia and guarded interests of EU/foreign producers with overvalued rouble and WTO membership. But now hopefully confrontation with the West will help to start reindustrialisation and will cut our elite's dependancy on their bank accounts abroad. I am quite optimistic, at last.
Almost every country that has energy riches ends up more F***ked up than helped. The Saudis spread it around but the population exploded and most of the masses are useless. Iran or the Persians are pretty smart but I think they have their own oligarch system with the wealth. Norway did not piss it all away but open-borders leftists have let islamics flood into Norway.
Venezuela has tons of energy but the USA will always meddle. Any country with oil or minerals - the elites will try to steal it by force. See Iraq, Libya, Tunisia and others. The NWO does not care how many innocents are murdered to steal the mineral and oil wealth.
Putin has been doing a great job turning Russia around. The middle class is growing, life expectancy is increasing which is amazing. I think I saw something where a Russia woman lives as long as most women in the west. The life expectency in the USA is decreasing and with ObamaCare it will drop even more.
That Orlov guy points out that military empires crumble. The USSR crumbled and the USSA is next. Putin is smart in that they have enough weapons and the right weapons that no one will F with Russia. The only thing he may need to add is a few more ships. The Russians have a few more subs in production.
Americans still think Russia has old weaponry which is bull shit. Russians are some of the best programmers in the world and their stuff is pretty state of the art now. Russian weapons have improved a lot over the past 10 years.
USSA weapons contractors are so corrupt it is about bringing in the contracts ($$$) while the weapons systems are usually junk. The F-35 is a prime example of garbage. Some of the union jerk offs they have on the production lines in the USA are hopeless.
I agree oil wealth is more a burden than an advantage in development of small nations, but in Russia populatiin is too big and economy cannot rely on oil revenues only so inevitably elites have to develop the country if they want to keep power, as well foreign threat is constant and big, so, it is goid for self-reliance, i.e. inturnal development.
Well, this French tax refugee and a naturalized Russian citizen got this idea:
Swiss watch company Cvstos released by order of the famous actor Gérard Depardieu series of exclusive watches titled "Proud to be Russian." The dial is decorated with double-headed eagle, made of pure gold. (Google translation)
P/E 2, P/C 1.8, yield somewhere between 3 and 5 % (depending on the payout this year).
Is the political risk (outright confiscation of stocks, ban of foreign ownership, corruption, intransparency etc.) priced in?
More to come:
Russia gains vast new area with the energy riches of an Ali Baba's cave
"The Siberian land mass is officially 52,000 square kilometres bigger after an enclave in the Sea of Okhotsk was recognised as part of Russia’s continental shelf. The decision comes from the UN Commission on the Limits of the Continental Shelf.
‘This water area of the Sea of Okhotsk has many biological and natural resources, which have not considered as the main income source of the country’s economy and now we can consider and include it in our long-term plans,’ said Sergei Donskoy, Russian Minister of Natural Resources and Ecology.
The underwater area is roughly the size of Holland and Belgium combined."
President Vladimir V. Putin said "A modern transport infrastructure is the real road to Russia's future”. By 2016 the plan is to construct 63,000 km of new roads and 8,600 km of railway route through Siberia to facilitate economic ties to the US.
Also the current traffic intensity and capacity utilisation levels will require more than a third of the roads in Russia to reconstruction and modernize; and we are talking about a network of 1,145,000 km in total!
We are looking at $25-35bn of Government spending annually on road infrastructure alone for the next 3-5 years. All told, Russia is hoping to raise $1 trillion for infrastructure investment over the next 10 years, with as much as 80% of the financing coming from private sources, (private toll roads).
No. It´s not. How could it be. No one can really estimate that risk and hece no pricing-in is possible. That´s the problem.
Off topic, Sorry. So freaking pissed. Now Michele is in China pissing off everyone in the hotel with her $8,000 a night suite. She brought the kids and Mom. All at our expense. Spring break for the children so she decided to take a vacation on our dime to freaking China.
How can people be so selfish and stupid.
yore raycisststss
The First Wooky Moochie has a right to waste your money and further indenture your children. Althugh now soaking in the sights on your dime with her spawn and whoever, and with NO REPORTERS she has purported intent to (bring) “ the power of her own story, the power of American values.”
"When in Rome, do as the Romans do." Unless you're a nigger, then just do as you would do normally.
Or was that "naggers?"
Yup, vote red state chinless wonder. McConnel, Graham, bring back slavery.
If you losers were such hot shit grampa "mongrel" Henkel wouldn't have whupped your ass at Anteitem.
Or it might be that Lincoln and Roosevelt Republicans knew that building factories beats whuppin' slaves 9 times out of 10, which Romney and McConnel seem not to know.
You do realize red states have about 90% of US oil production?
Probably too busy brow-beating his penis to notice.
http://www.dailymail.co.uk/news/article-2585878/US-lady-visits-Beijing-s...
your funny,
Amerika has a monopoly of selfish and stupid!
the greed is inbread and trained throughout the ivy league
To my mind the MOST important of those export markets isn't in Eastern Europe, nor Western Europe.
It is TURKEY.
60% of Turkeys gas comes from Gazprom so the recent threat of closing the entrance to the Black Sea to the Russian navy if the Crimean Tatars are mistreated is a hollow threat.
Turkey has neutered itself by its reliance on Russia and that will neuter NATO.
Turkey should be able to buy gas from Iran and all the gulf states?
Libya too. http://in.reuters.com/article/2014/03/22/libya-oil-fighting-idINL6N0MJ06...
This whole Crimea thing is a real catastrophe in my book.
It really doesn't make any sense.
Curreny war. I'f you can't see it. I don't know what to tell you.
Turkey backed the Saudis, "Al Qeada", USSA, EU, UK, Israel, Qatar, Jordan and the NWO in attacking Syria. If Syria goes - Iran is in big trouble. Iran and Russia have been trying to help Syria against the Al Qeada liver eaters.
I doubt Iran has any love for Turkey.
Erdogan has been acting as crucial logistics provider to Syrian mujahideens since the attack on Syria started 3 years ago. Now it's gone public and I think Turkey is about to get a new puppet. This just in from voltairenet:
"The Permanent Representative of the Syrian Arab Republic to the UN, Bashar Jaafari, sent a letter to the Secretary General and to the President of the Security Council to denounce the Turkish army’s support to international terrorism.
Friday, 21 March 2014, violent clashes broke out at the Kassab border checkpoint where the Turkish army has facilitated the crossing into Syria of hundreds of foreign mercenaries affiliated to the Al-Nusra Front (Al-Qaeda) and the Saudi-backed Islam Army.
Ambassador Jaafari stressed that Turkey was in breach of Security Council resolutions 1267 (1999), 1373 (2001) and 1624 ( 2005). He called on the Security Council to condemn these acts.
Turkey is a NATO member .
For their part, the Foreign Affairs Ministries of the Russian Federation and the People’s Republic of China addressed this situation by saluting the victories this week of the Syrian Arab army over terrorist groups, in accordance with relevant UN resolutions. Syria has liberated the city of Yabroud and the Krak des Chevaliers, cleansing the Lebanese border of all foreign terrorists.
In the context of the corruption and embezzlement investigation going on in Turkey, the judicial authorities established that the Prime Minister had secretly received on several occasion his friend, Yasin al-Qadi, wanted by the United Nations in his capacity as the banker of Al-Qaeda."
I have a lot of respect for the Syrians. I hope they destroy the scum trying to take over Syria. Erdogan is scum.
let the twiter do the job, just like in Iran, Egipt or any other colour revolution
This only mean that Erdogan is 3faces, better than the marvel hero, a true politician
The graphics only demonstrate that it is only a matter of time Europe would pay our gas in euro or ruble. No way to destroy our economy and impoverish further to stick to dollar. Is suicidal
meh. Statoil isn't small either...and the don't have any of the political baggage that goes along with Mother Russia.
Also you have the Netherlands.
France doesn't even need natural gas...although they have Total.
Algeria, Nigeria...West Africa in general.
Being dependent upon one resource in general "as your economy" is a two edged sword (just ask North Dakota...America's first oil boom state back in the 1800's.)
The problem still comes down to banking in my view. If that Russian stock market gets crushed and the ruble starts crumbling again I really fail to see how "Gazpromia" is the big beneficiary here.
Gazprom will do well...but not "Gazpromia."
Pesky historical detail. America's first two oil boom states were PA and Ohio. Google "Drake Well". It's still in production. North Dakota was a couple decades later.
Don't forget that Gazprom sponsor the Champions League (European soccer). Who is gonna mess with that sponsorship deal? Rhetorical question....
Gazprom has also inked a deal with FIFA to become official partner from next year until 2018, i.e. Until the FIFA 2018 Russia World Cup.
http://www.gazprom-football.com/en/football_is_jury.htm
You will also see from the above link that Gazprom sponsor Chelsea FC in London, Schalke 04 in Germany, Zenit in St Petersburg with new coach André Villas-Boas, and also Red Star Belgrade of Serbia.
ps: Gazprom are held in high esteem in London with a lot of high powered commodities traders working there, and a lot of kudos with the City. And at least a few hundred well paid jobs in total in London. They have about 3 floors of very nice offices in Regents Place, Great Portland Street area, London, with amazing views over the Regents Park area (since they have the top floors, 7-9, and a great balcony for after work drinks receptions).
So, these are just some little bits of info to back up what the article is saying, i.e. that no one will seriously impede Gazprom. The EU (and UK) might make some token grumblings, but that's about it.
but why Europe has to sacrifice their economy? to defend the neonazis and racist illegal government in Kiev?
Gazprom also seems to be a better corporate citizen than say Chevron. Wasn't Chevron supposedly in the background of this Ukrainian coup?
Yes that is high priced real estate and one of the nicest areas in London.
The 3rd largest foreign holder of UST's also gets no gas from Gazpromia.
Clever girl.
Also the Russian market has a p/e of about 5 now, clearly the assumption is everything will be sanctioned and holdings confiscated. A risk I'll run on the basis that Europe isn't going to cut off their own throat.
Speaking of sanctions, I wonder why Dianne Feinstein's husband, Richard Blum (Chairman) and the company itself, CBRE, was not sanctioned by Putin?
http://translate.google.com/translate?hl=en&sl=uk&u=http://www.cbre.ua/&...
http://www.cbre.ru/ru_en
I don't tweet...Shirley there's a #List for Putin?
Feinstein's bill to killl free speech of independent journalists has votes to pass senate
http://www.thedailysheeple.com/feinsteins-bill-to-kill-free-speech-of-in...
Holy Ghouls Batman, that battle-axe Feinstein looks like a seriously ill bulldog which has been raised from the dead
These people are evil scum.
Boshemoi! Panemiesh? UPIGS!
(Ukraine, portugal, Italy, Greece and Spain)
Make it Georgia, Ukraine, Italy, Netherlands, Estland, Austria, Portugal, Ireland, Greece, Spain
...in the not so distant future...
2nd half of the year, different EU-council, Eurobonds introduced, more friendly talks and deals with Russia.
Great chart. Except for Germany, there isn't a single core EU country dependent on Russian gas. The Netherlands on its own has enough (non-marginal) gas to supply the entire EU for the next 20 years. Now you were saying?
Yet the Dutch are also on that chart. Odd, da.
True. Hardcore trading nation, biding its time to sell gas to highest bidder. Also, hoping to fill emptied fields with Russian gas for reserves.
Do you have any idea at all what you're talking about?
He does not. Holland is about out of gas relatively speaking. There is no way it could supply the EU with any more gas, fuck the only reason they export their expensive gas is because they have acces to the cheaper Russian variety. They are about to start fracking just to keep up and you know that's the end of that. Groningen and the Waddenzee for that matter are fucking small pieces of land in the big scheme of things. Game over. Not even mentioning the earthquakes and damage to proporties occurring more and more. This is not a country used to earthquakes at all.
No dimwit, Holland isn't out of gas. Do you really expect me to retort to such a lame attempt? This is fight club. Pussy
You should change your name to Don Quichotte. There's some windmills that would like to have a word with you.
I do. Now how about you?
The Netherlands won't be able to exploit that gas for long. There was a lot of protest in the province of Groningen, where gas exploitation is causing earthquakes. The citizens demanded a halt to gas exploitation and reimbursements for the damage done to houses etc. So, although there is still a considerable amount of gas down there, if the quakes continue or increase in number or severity, the Dutch will have a hard(er) time supplying gas to the rest of Europe at current rate (or increased rates if Gazprom tightens some valves).
http://www.reuters.com/article/2014/01/17/netherlands-gas-idUSL5N0KR1C82...
I'm from the Netherlands, those quakes are causing a bit turmoil, but 'Groningen' is a region with a small population and little economic activity. Part of the gas revenues will be used for bailouts of people with damaged houses, and gaswinning will go on. Sad for people living there, but young people are moving away.
By the way, the region produces potatoes for about 30 million people every year. And the 'Quaked Potatoe' seems to be delicious, and on the future menu of Russian oligarchs. Ever had one? I mean a Quaked Potatoe? ;-)
Little economic activity if you don't count the gas or those potatoes you talk about or or or. There's lots of kettle and agriculture there.
In money and production, yes. I was reffering to the quake problem, not many people live there. So a few small bursts in houses doesn't hurt gaswinning. It's not like 6.3 eartquakes or something, just a bit shaky. Cows won't bother.
Spain is/was planning on becoming MORE dependent on Russian gas. To the tune of 10% of their gas needs, via "long term" LNG commitments.
A 4000 kilometer pipeline is very easy to sabotage. So i guess we all need to be friends.
No mention on ZH (yet) of Russian corporate debt, expanding from $400bn in 2008 to $732bn in Jan 2014, with $121bn that needs to be rolled over this year. Rosneft and Gazprom are in the hole for $90 billion with $15.9 billion and $16.2 billion due this year and next (Reuters).
Russia is cutting its own throat long term, Europe will figure a way of doing without them; its not like theres a shortage of Greeks, Spaniards and Italians that can't be put to use building solar, wind and tidal energy projects. Their plan B is China which is about to go into recession at best and meltdown at worst.
And a majority of Gazprom's debt is Dollar, or Euro denominated.
Still, with Gov.RU owning 51% anything might happen.
The denomination issue has added 10% to Russian corp debt YTD, and with government.ru being heavily involved in a lot of Russian industry means their public debt figure is a complete falacy.
Putin without a doubt has caught the EU/US sleeping but it won't be great for Russia in a few years, and should SHTF in the meantime he's given our leaders someone to blame for their own incometence.
Suppose they default?
Debt is nothing. Oil (and somewhat, gas) is everything.
If they default Yellen and Carney press PRINT and it perversley strengthens the safe haven/reserve status of USD, making Russian imports of Chinese toasters impossibly expensive; the S&P and FTSE end the day green.
Hugely (but understandable) mistaken assumption R - Russia will not use $US to buy Chinese toasters....no one will use the $US in Europe or Asia pretty soon...why bother using a constantly devalued and debased currency when you have perfectly good devalued and debased currencies of your own? And bartering is also becoming popular at the government level........bye bye reserve currency status - we hardly knew ye.....
You obviously aren't paying attention. Spain and Italy are now yanking their subsidies for "renewable" energy. The scam has drained their economies and you think they'll be building more.
No doubt China's growth is going to drop dramatically. But what do you think that does to the economies of Germany and Italy when the buyer's for industrial machinery and flash, expensive cars disappear. Slowdown in China will hit Europe harder than Russia.
We keep pushing a 2003 video to fuck with despotism workers. Nothing has change, only your lies Obama.
Ministry Messiah
Tell us about how you'll build the Nat Gas fill-up Stations to expand your inter-dependent structure?
Guess what, gay ass pounding President of United States? We can see the bull-shit coming down the road. Your going to get kicked out of your job under force majeure Marxism. What is a force majeure Chicago nagger president who studied the constitution laws. Give Reg a good blowjob this weekend while your family image bitches are in China. Signing off to the faggot US President.
Lima, Peru has lots and lots of natural gas at stations all over the city. And has had so for five years. TWO of our delivery vehicles run on NatGas.
Why, oh Mr. President, is the USA so far behind Peru in NatGas vehicles and infrasructure?
DoChen, it's about distances. NatGas vehicles have little range.
Poland sure uses a lot of gas. They must be working overtime at Auschwitz.
Do any of the jooish tourists come back?
The chart is misleading, because it does not show the percentage of energy consumption in each country that is attributable to gas. In some of the coutries shown, the % of gas supplied by Gasprom may be large, but the overall dependency on gas may be quite small.
these charts are lies.
we proud poles do not need russia we have the potato and cabbages by the trillion.
along with the turnip these are all we need to thrive.
go to hell russia stick your gazprom up your arses do not even think of stealing are cabbage patch.
no this russkie you awaken the pole at your peril.
I like you. You're like Boris but with a bit of brimstone thrown in.
That said, the chart is probably fairly accurate.
Boris has a much better Russian accent....where are you Boris? Your time has come....
Tony Wilson is not attempting or adapting a Polish or any other accent.
He's a poet, primarily, and uses echoes of earlier works, eras, peoples to set forth and color in his commentary.
Rather like T.S. Eliot, maybe more e.e. cummings, or someone I am not thinking of.
A semantic Francis Bacon sometimes. He's talented.
intersting wording .... in standard English it's "our cabbage patch" ... where did you say you were originally from?
intersting wording .... in standard English it's "our cabbage patch" ... where did you say you were originally from?
poland you english mi6 anus sniffler.
james bonds is queer its afact.
whitenoise do not cross my path again or i will give you many more anti gayman word hurts.