Post
Topic
Board Economics
Re: Who will Replace Russian Gas Supplies to Europe?
by
YinShuiSiYuan
on 31/05/2022, 13:43:57 UTC
Keyboard warriors are coming up with all sort of scenarios to replace the Russian gas. What they don't understand is that designing and implementing new projects to extract natural gas may take many years. And even after that, there is no guarantee that the natural gas prices will remain high enough to make these profits profitable. And secondly, replacing pipeline gas with LNG can be very tricky. There is only a limited number of LNG tankers available. And the same can be said about the LNG terminals as well. In short, there is no quick fix solution.

While usa is doing his best to stop countries from entering russia block by not allowing them to buy its gas and oil. India has made a good move for its people, in current inflation Indian government has reduced patrol price by 9.5 Indian rupee and diesel by 7 Indian rupee. Europe solution to fix its energy crisis lies in Russia gas.