Post
Topic
Board Economics
Re: Russian Gas ban - A problem for Europe or suicide for Russia?
by
Sithara007
on 14/09/2022, 03:16:57 UTC
Can't say how much India is suffering but Pakistan is suffering alot even though its sitting very next to world largest oil and gas reserve country. Buying expensive LNG from Qatar instead of cheap Iran gas, producing expensive electricity from furnace oil but not willing to buy cheap Iran Electricity. All this is because of USA sanctions on Iran and also forcing other countries not to trade with Iran.
Now Europe is facing energy crisis and they must thank USA for that. Just like we are suffering.

Pakistan is close not only to Iran, but also to other major gas producing countries (Turkmenistan for example). But any gas pipeline from Central Asia need to run through Afghanistan or Iran, which once again makes that idea unviable. Pakistan shares direct border with Iran, so it would have been an easy choice to get Iranian gas. But again, the Americans will be offended. Qatar obviously is an American ally and therefore it's economic interests need to be taken care of. On top of that, American companies are involved in the Qatari LNG production.