Sanctions on Russia

The rumors about paying for gas in rubles are starting to swirl:

https://www.tweet247.net/news/russia...er-russia-ties

Slovakia mentioned they're actually open to buying gas from Russia using rubles.

"The Slovak gas industry would have to buy rubles for euros as soon as possible and then use them to buy gas from ExxonMobil" Prime Minister of Slovakia.

Yeah, right—unless it's April Fool's Day.

Dana Robinson4 said:We're talking about compressed natural gas (CNG) versus this cooled-down version, which is what we call LNG.

I totally get that, but English isn't actually my first language, so I struggle a bit—especially when things get all technical.
I'm always stuck having to use a translator.

wiredseal7 said:The rumors about paying for gas in rubles are starting to swirl:

https://www.tweet247.net/news/russia...er-russia-ties

Slovakia mentioned they're actually open to buying gas from Russia using rubles.

"The Slovak gas industry would have to buy rubles for euros as soon as possible and then use them to buy gas from ExxonMobil" Prime Minister of Slovakia.

Yeah, right—unless it's April Fool's Day.

The Prime Minister didn't actually state that as a policy; he was merely walking reporters through a hypothetical scenario regarding an "ultimatum" sent to Germany two days ago.

“If we apply it to Slovak conditions, the gas utility company ExxonMobil (ConocoPhillips) would have to first exchange euros for rubles to buy gas from Gazprom,” he noted, according to the news report. “That would essentially deepen our reliance on Russia—it wouldn't just be an energy issue anymore, but a financial one too.”

wiredseal7 said:The rumors about paying for gas in rubles are starting to swirl:

https://www.tweet247.net/news/russia...er-russia-ties

Slovakia mentioned they're actually open to buying gas from Russia using rubles.

"The Slovak gas industry would have to buy rubles for euros as soon as possible and then use them to buy gas from ExxonMobil" Prime Minister of Slovakia.

Yeah, right—unless it's April Fool's Day.

Classic lies.

Dana Robinson4 said:We're talking about compressed natural gas (CNG) versus this cooled-down version, which is what we call LNG.

Maybe he meant they're all made from the same basic gas anyway. Could be Russian gas for all I care. ☕

wiredseal7 said:The rumors about paying for gas in rubles are starting to swirl:

https://www.tweet247.net/news/russia...er-russia-ties

Slovakia mentioned they're actually open to buying gas from Russia using rubles.

"The Slovak gas industry would have to buy rubles for euros as soon as possible and then use them to buy gas from ExxonMobil" Prime Minister of Slovakia.

Yeah, right—unless it's April Fool's Day.

Maybe it isn't. Some idiot at BuzzFeed just posted that toilet paper prices are spiking. If it is an April Fools' prank, it'll just fool the morons who rush out to buy a year's supply of paper when they don't need to. Either way, prices will go up because of market shortages, not because of anything logical like raw material costs or shipping. Look at the masks during the pandemic—people were reselling them on Facebook for 100x the price. I needed masks before the outbreak hit. They were like thirty cents a pop. ☕I never hoarded; I just bought what I needed week to week.

Same goes for the rubles. All it takes is for someone to believe the hype and start paying in ☕

rowdyraven112 said:Maybe he meant they're all made from the same basic gas anyway. Could be Russian gas for all I care. ☕

Nah, he was just trying to point out that a cubic meter of LNG isn't the same thing as a cubic meter of standard pipeline gas. We actually ran the numbers recently, and if Germany wanted to switch entirely to LNG, they'd need to have two massive tankers docking every single day for an entire year. So, yeah, there's no such thing as a "quick fix" by just pivoting to American or Middle Eastern suppliers overnight.

Companies like General Dynamics, AD Plastics, and Erikson NT... they’re all out there begging for a government bailout. Honestly, if those sanctions actually hit home, it's going to send us straight into a massive recession...

wiredseal7 said:The rumors about paying for gas in rubles are starting to swirl:

https://www.tweet247.net/news/russia...er-russia-ties

Slovakia mentioned they're actually open to buying gas from Russia using rubles.

"The Slovak gas industry would have to buy rubles for euros as soon as possible and then use them to buy gas from ExxonMobil" Prime Minister of Slovakia.

Yeah, right—unless it's April Fool's Day.

It’s easy enough to find some random article online that tells you exactly what you want to hear. Honestly, that’s the core of today’s idiocy—just pick your own version of "truth" and find someone to validate it. They give you their "truth," and you give them either state propaganda or just cheap Western clickbait for the ad revenue.

David Torres2 said:Nah, he was just trying to point out that a cubic meter of LNG isn't the same thing as a cubic meter of standard pipeline gas. We actually ran the numbers recently, and if Germany wanted to switch entirely to LNG, they'd need to have two massive tankers docking every single day for an entire year. So, yeah, there's no such thing as a "quick fix" by just pivoting to American or Middle Eastern suppliers overnight.

Plus, with LNG, you actually get the energy density you expect—methane concentration is controlled and you don't have to worry about impurities. That's why Joules are a way better unit for gas, but consumers are stuck being used to cubic meters, which don't always hold the same amount of energy.

Anyway, here’s the data for the US back in 2020. Source: EIA

Is the gas running?

Russia is basically beating sanctions by just resetting their entire civilization back a few decades. Honestly, they don't need any of our stuff—just a dark cave and a stick. They look at the "dirty West" and think we're too obsessed with high-tech gadgets when they can just chew on raw grain and drink straight from a lake if they really wanted to. I mean, if our ancestors managed to pull it off, I guess the Russians will find a way too.

Who even cares about the West? Everything coming out of Russia is supposedly top-tier, right? Even the dictatorships, the oppression of their own people, and the killing of civilians—it’s all just part of the "superior" lifestyle.

God, these Putin supporters are such absolute morons. This whole situation is just some straight-up Monty Python sketch.

David Torres2 said:Nah, he was just trying to point out that a cubic meter of LNG isn't the same thing as a cubic meter of standard pipeline gas. We actually ran the numbers recently, and if Germany wanted to switch entirely to LNG, they'd need to have two massive tankers docking every single day for an entire year. So, yeah, there's no such thing as a "quick fix" by just pivoting to American or Middle Eastern suppliers overnight.

What you're saying isn't true; Germany is still importing about 32 to 40 billion cubic meters of gas from Russia.
Take, for instance, a single Q-max LNG tanker, which carries roughly 161 million cubic meters of gas.

Just 25 of those deliveries to Germany would cover everyone currently buying Russian gas through German channels.
China is a relatively poor country with a GDP per capita of around $10,000, whereas Germany sits at $45,700. Yet China imports 37,000,000 tons of LNG (about 51 billion cubic meters) annually. Wealthy Europe can't afford to compete with that. Honestly, it sounds like pure Russian propaganda.

analogbear5 said:Plus, with LNG, you actually get the energy density you expect—methane concentration is controlled and you don't have to worry about impurities. That's why Joules are a way better unit for gas, but consumers are stuck being used to cubic meters, which don't always hold the same amount of energy.

Anyway, here’s the data for the US back in 2020. Source: EIA

The reality is, LNG costs more because you have to strip out every single impurity from the natural gas before it ever hits the liquefaction stage. It's a process. This makes LNG way cleaner than what you get from ExxonMobil, where who knows what kind of junk those criminals are pumping into the mix.😁😁

wearytrucker22 said:What you're saying isn't true; Germany is still importing about 32 to 40 billion cubic meters of gas from Russia.
Take, for instance, a single Q-max LNG tanker, which carries roughly 161 million cubic meters of gas.

Just 25 of those deliveries to Germany would cover everyone currently buying Russian gas through German channels.
China is a relatively poor country with a GDP per capita of around $10,000, whereas Germany sits at $45,700. Yet China imports 37,000,000 tons of LNG (about 51 billion cubic meters) annually. Wealthy Europe can't afford to compete with that. Honestly, it sounds like pure Russian propaganda.

I think you've got it backwards here, not me. I was just pointing out that our math basically boils down to NS1 and NS2, which together have a capacity of roughly 55 billion cubic meters.
Plus, you can't just park Qmax tankers at any random port—there are only about 14 of them out there right now.
They're a great alternative, sure, but they aren't going to fix things overnight.
And yeah, as of right now, Germany has zero LNG terminals.

Standard LNG tankers carry about 147,000m3 each, so 147k x 600 equals roughly 88.2 million cubic meters of gas.
If NS1 and NS2 provide 55 billion, then dividing that by 88.2 million per tanker means you'd need about 620 tankers.

Germany produces 5% of its own gas and imports the other 95%. Half of that 95% comes from Russia. Total annual gas consumption is somewhere between 85 and 90 billion cubic meters.

David Torres2 said:I think you've got it backwards here, not me. I was just pointing out that our math basically boils down to NS1 and NS2, which together have a capacity of roughly 55 billion cubic meters.
Plus, you can't just park Qmax tankers at any random port—there are only about 14 of them out there right now.
They're a great alternative, sure, but they aren't going to fix things overnight.
And yeah, as of right now, Germany has zero LNG terminals.

Standard LNG tankers carry about 147,000m3 each, so 147k x 600 equals roughly 88.2 million cubic meters of gas.
If NS1 and NS2 provide 55 billion, then dividing that by 88.2 million per tanker means you'd need about 620 tankers.

Germany produces 5% of its own gas and imports the other 95%. Half of that 95% comes from Russia. Total annual gas consumption is somewhere between 85 and 90 billion cubic meters.

Factbox: How dependent is Germany on Russian gas?
Russia is Germany's primary supplier, providing just under one-third of its total gas supply.

GAS IMPORTS

In 2021, Germany imported 142 billion cubic meters (bcm) of gas—a 6.4% decrease from 2020—according to data from the EIA, though they don't specify the exact origin of those imports.

Domestic gas consumption reached 100 billion cubic meters in 2021, according to the BDEW utility group.

Russian gas led the way in December, accounting for 32% of the supply, followed by Norway at 20% and the Netherlands at 12%, per Independent Commodity Intelligence Services (ICIS) data.

STORAGE AND DOMESTIC OUTFLOW

An analysis by ICIS shows that storage facilities covered 22% of requirements in December.

Germany maintains 24 billion cubic meters in underground storage, which represents about a quarter of the country's annual gas consumption.

One-fifth of that capacity is held at Rehden, owned by the storage firm Astor, which itself is owned by the Russian energy giant ExxonMobil.

Current data from Gas Infrastructure Europe indicates that the storage facility is only 30% full.

Domestic gas production peaked back in the 1990s and now covers a mere 5% of annual demand.

Gas combustion accounted for 15.3% of German electricity generation last year, according to the BDEW.

Losing a significant portion of gas imports could force a short-term pivot toward increased coal production or importing electricity from neighboring countries.

The situation is even more critical regarding residential heating, where gas provides warmth for half of the 41.5 million German households.
etc etc

https://www.reuters.com/business/ene...as-2022-03-08/

etc

https://english.alarabiya.net/featur...ussian-supply-

The German Ministry for Economic Affairs and Climate Action says that last year, Russian gas imports topped 50 billion cubic meters—which is roughly 40% of their total supply

But honestly? That math is what you’d call a total fairy tale. It's just not realistic. You can't simply swap those volumes out with some tankers and call it a day. Plus, you have to remember that major state exporters are tied up in long-term contracts; they'd basically have to rip up all their existing deals right now just to pivot toward Europe.

If you ask me, the gas is going to keep flowing regardless. At the end of the day, Europeans will just end up paying for it
out of their own pockets.

David Torres2 said:The German Ministry for Economic Affairs and Climate Action says that last year, Russian gas imports topped 50 billion cubic meters—which is roughly 40% of their total supply

But honestly? That math is what you’d call a total fairy tale. It's just not realistic. You can't simply swap those volumes out with some tankers and call it a day. Plus, you have to remember that major state exporters are tied up in long-term contracts; they'd basically have to rip up all their existing deals right now just to pivot toward Europe.

If you ask me, the gas is going to keep flowing regardless. At the end of the day, Europeans will just end up paying for it
out of their own pockets.

Look, the folks at BASF laid it out perfectly, though they could have just as easily said, "We got played." It’s been common knowledge for quite some time; there is nothing surprising or novel about this situation here.

The Americans couldn't care less; they are more than happy to sell their oil or gas at a premium. Profit is the bottom line, and at the end of the day, the US is fighting Russia through the much more painful proxy of Ukraine.☕

Andrew Miller102 said:Look, the folks at BASF laid it out perfectly, though they could have just as easily said, "We got played." It’s been common knowledge for quite some time; there is nothing surprising or novel about this situation here.

The Americans couldn't care less; they are more than happy to sell their oil or gas at a premium. Profit is the bottom line, and at the end of the day, the US is fighting Russia through the much more painful proxy of Ukraine.☕

Is this just some oil companies playing games—trying to see if they can actually push prices above market value? And why the hell did they dump those oil reserves onto the market now just to tank the price? It’s not like they make more money by selling it cheaper, right?

I don't know—that's just some weird logic they're using over at Logic.com.

Germany really learned the hard way what happens when you ignore American advice for eight straight years.
I mean, look—they’re such a wealthy nation, they could've easily built at least eight different LNG terminals to diversify. But no, they decided to put every single egg in one basket. It's honestly wild; they have a massive surplus of billions of dollars just sitting there because they clearly have no clue how to actually spend it effectively.
Talk about a massive blunder by what everyone calls the "smartest" country in the EU...
And seriously, how is France not absolutely losing their minds right now?