Ukrainian War Developments

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AndrewS

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foofy said:
Good luck, German

https://twitter.com/i/web/status/1500366963247394822
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If this is accurate then only Nord Stream 1 is still operating with gas flows from Russia to Europe.

If gas flows are not restarted, we're looking at power cuts and industrial shortages in Europe in the next few months,
That is in addition to cost increases for everything.

I just don't see Russia de-escalating until it "wins" in Ukraine.

AndrewS said:
It still doesn't help with the gas issue, where Russia supplies approximately 40% of European demand.
Most of this is covered by the 4 pipeline networks below.

55BCM Nord Stream 1 (Baltic Sea)
33BCM Yamal–Europe (Poland-Belarus)
26BCM Soyuz (Ukraine)
28BCM Brotherhood (Ukraine)

If Europe wanted to completely replace this gas, given that the average new build LNG tanker carries 0.17BCM of gas, Europe would need an additional 835 LNG tanker deliveries per year or new pipelines from alternative sources.

That would take at least 3 years.
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