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Russia to stop gas supplies to Europe (1/4/22)

He's hoping enough people in Europe would rather throw Ukraine under a bus than suffer from higher gas prices/gas shortages. He may be right.
If China acts in the south china sea... if china acts against Taiwan... if tensions rise in the Persian gulf and Iran blocks the hormuz straits...
 
Guessing broadly what will happen is some level of rationing this year, potentially with price cap... Then maybe another north sea oil rush (I mean come on, Tories in need of money and unexploited resources?) along with other suppliers ramping up. Gas will find its way out of Russia too; China is exporting LNG to europe at the moment because 'lockdowns meant less gas use', in a totally unrelated coincidence Russia is trading LNG to China in roubles and yuan.
 
If we are going to talk about remaining North Sea reserves then we need to look at what sort of maximum rates of production could be achieved. I'm years out of date but the slide in production after the peak early this century was a large one, and there was never any expectation that we could ever get production back to aything close to peak levels, it was supposed to be the ultimate peak and then a story of decline or at best stagnation once thing had fallen far below the peak. So far enough new finds were exploited that they eventually halted the steep decline in production, but getting those levels to go back up substantially is a big ask. But I'm years out of date, I'll have to look at what the most optimistic predictions can come up with - I'm assuming not much, but maybe I am wrong.
 
I dont know how long it will take me that enables me to answer that question to my own satisfaction. For now I just stumbled on this, but I dont know if its the full picture:

Oil and/or gas from six new North Sea fields that could get approval in a licensing round in Autumn 2022 would not start to be produced until 2026, and Stonehaven research commissioned by Highview Power estimates that their maximum output would be just 2.4% of UK demand – or just over half the level of imports from Russia. Their output would peak in 2028 and then decline.

New oil and gas fields in the North Sea would take years to be approved and infrastructure to be installed before drilling begins. They are not an immediate solution, with fields coming online now being given the go-ahead several years ago.

The UK Government is also considering lifting a ban on fracking inland, provided that the British Geological Survey (BGS) has new evidence on how tremor risks can be prevented. This goes against the advice of its own climate advisory committee and the will of many local communities in Lincolnshire, the UK’s prime fracking location. Stonehaven estimates that fracked gas would produce less than 5% of the UK’s gas demand over five years, even if production was significantly ramped up with little to no issues such as planning and protests.

From In numbers: The UK’s natural gas predicament - edie
 
It’s not just the Ukraine war causing high energy prices, there are other factors limiting energy supply at the moment adding to the situation:

* France used to export a lot of energy to other European countries (including the U.K.) generated from the large number of nuclear stations they have. Unfortunately this aging (whatever the appropriate collective noun is) of nuclear stations is being unreliable and problematic, and their modern replacements are years from completion due to construction problems. As a result France is actually importing power a lot of the time.

* Germany has phased out nuclear generation (a decision made after Fukushima) , the last two stations were due to go offline at the end of the year, but will now be kept running for a few months more until winter is over. They’ve replaced this generation with gas power plants using mostly Russian gas.

* Scandinavia was also a big electricity exporter, with most coming from hydroelectric sources, but low rainfall during this hot year means generation has been much reduced.

* It’s also been a less windy than usual summer, with wind generation lower than expected. Gas generation makes up the shortfall.

* Locally, the decision to phase out gas storage in the U.K. is now looking like a really bad shortsighted idea.

* Rising demand post-Covid, more working on home (needing heat, power for laptops etc), more electric cars, bigger tellies etc…

some of these things may improve, others will linger for years.
 
A European Union proposal to cap the price Europe pays for Russian gas did not receive broad support from energy ministers in a meeting on Friday, two diplomats with knowledge of the talks told Reuters.

“There was a big debate about capping the price of gas, and the Commission should come up with a proposal that will help reduce the prices of all gas, but at the same time will not jeopardise gas supplies to Europe,” one of the diplomats said.

On Wednesday, European Commission President Ursula von der Leyen said European Union countries should set a price cap on Russian gas.

The finance ministers from the G7 countries have already agreed to impose a price cap on Russian oil exports.

Asked about the plans at an economic form last week, President Putin said Russia’s response to price caps would be to “just halt supplies” of gas, oil, diesel oil, and coal.
 
Earlier in this thread the Russians were flaring gas because Germany wasn't buying so much. Then they turned off Nordstream. Are they now wasting even more gas?
 
Isn't that a bit weird? What's the chances of a huge tsunami hitting Germany?
Anti-nuclear politics was always quite a big deal in Germany, so it wasnt very surprising that Fukushima pushed it past the point that the government at the time felt comfortable dealing with. And the green party occupies a meaningful position within their political system. eg see Anti-nuclear movement in Germany - Wikipedia

And the Fukushima stuff was always going to cause some concerns that were not directly related to the detail of that accident. Plus even if we strip away the earthquake and tsunami detail, it was a story of decay heat vs loss of offsite power and backup power generation. Tsunamis arent the only thing that can affect the power supply, eg see the current concerns about the nuclear plant in Ukraine.

The current problems with the supply of other forms of energy may well change the balance of sentiments, but then it still takes years and years to change course when it comes to stuff like bringing back nuclear. Even before the Ukraine war some in power had second thoughts in Germany about the nuclear closures, but the industry itself then sometimes made noises about how it was already too late to change direction again, too much had already been lost in terms of specialised workforce etc.
 
Wonder what the nature of these Nord Stream leaks are? Seems to be both pipelines which is er... suspicious. Also apparently 'unprecedented damage'.


 
Wonder what the nature of these Nord Stream leaks are? Seems to be both pipelines which is er... suspicious. Also apparently 'unprecedented damage'.


Word on the street is sabotage

 
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