Thus, it certainly does not reflect reality.
A steel stream of 140-150 tankers tirelessly scurrying the Atlantic ocean can only seem like a “reality” in completely het up brains whose operators do not understand that ships are not build to function with a wave of magic wand but require the tenacious work of shipbuilders who would take a dozen years provided they will not sell a single gas tanker to some third party. Therefore, when operating on shuttle mode, one tanker can annually transport about 1.1 million tons of LNG from the USA to Europe. Journeys across the Atlantic and back take about a month because of weather conditions, technical regulations and other minor repairs. The workhorse (or the most common type of gas tanker) is designed to contain a volume of 170 thousand cubic meters, which would hold about 100 thousand tons of LNG.
#ANYLOGIC GAZPROM HOW TO#
LNG tankerīut that not all yet: even if such an incredible amount of LNG was to be produced in the USA, it must still be learned how to properly deliver it to European shores. Therefore, in order to achieve the hypothetical goal of completely replacing Russian gas in Europe, the USA must surpass the world leader by twice its annual production, which also implies having to leave every other market it is currently supplying, and thus no more providing a single gram of LGN to neither Latin America nor Southeast Asia. We must recall that as for today, the largest producer of LGN in the world is Qatar whose state-owned companies liquefy about 77 million tons of LGN annually. It is necessary to add about 4% to this volume in order to make up for the losses that occur during transportation through the Atlantic Ocean as well as during the regasification process, hence totaling 155 million tons of LNG. The volume of Gazprom’s supplies to Europe over the past two years comes about 200 billion cubic meters of gas per year, which can be obtained regasification of about 150 million tons of LNG.
This sounds lovely but is far from the truth, since it is indisputably refuted by very simple arithmetic. The most widespread version is that American politicians do everything in their power to expel any Russian company from the European gas market an completely replace Russian gas with supplies of LNG produced in the United States. These are the exact three “corners of the triangle” that determine both the architecture and the dynamics of the development of the European gas market by using methods that are far from being restricted to the market itself. We will begin with a brief analysis of what is it that the three main actors whose interests intersected on the European gas market are seeking: the EU is far from being monolithic in its economic interests, the USA who delivers small but growing volumes of liquified gas to Europe, and Russia for who has growing shares in its regular European gas market despite the efforts of various politicians trying to expand anti-Russian policies to face its economic expansion. It is important to see how these events intertwine and how they affect one another such approach is what will allow us to identify general trends and give us an idea of how things may turn out in the future. It is not possible to get an understanding on the situation that is currently taking place on the European gas market by looking at all these events separately.
In addition, Israel, Cyprus and Greece have signed an agreement on the construction of the EastMed gas pipeline in which it is planned to supply natural gas from offshore fields in the Eastern Mediterranean to the southern region of Europe. A solemn ceremony took place in Turkey in honor of the inauguration of the TurkStream gas pipeline whose deliveries began even a bit before leaders of Russia, Turkey, Serbia and Bulgaria actually gathered in Istanbul.
The latest serving of US sanctions has been the most successful one so far: the construction the Nord Stream 2 gas pipeline got temporarily suspended. As a result of repeated consultations, Russia, Ukraine and the European Commission were able to work out a compromise, an alternative version of the agreements on the transportation of Russian gas to European countries using Ukraine’s gas transmission system. Around that same period of time a whole heap of events occurred in an industry known as the international gas trade. Politics are not the only field that has been turbulent towards the end of 2019 and beginning of 2020.
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