Commodity Trade Mantra

Posts Tagged ‘Russian Gas’

Total War over the Petrodollar

The CEO of Total, before his death & his CFO were both strong supporters of Total raising the $27 billion in non US dollars & moving the project forward with the Russians. If Total doesn’t close the $27 billion financing it needs to move forward with the Yamal LNG project then we’ll know someone stepped in to prevent an attack on the petrodollar.

The Rise of the Petroyuan and the Slow Erosion of Dollar Hegemony

For the last 40 years, a pillar of dollar primacy has been the greenback’s dominant role in international energy markets. Today, China is leveraging its rise as an economic power & as the most important incremental market for hydrocarbon exporters in the Persian Gulf & the former Soviet Union to circumscribe dollar dominance in global energy.

US Natural Gas Will Never Replace Russian Gas For Europe

Even with the shale plays, in April 2014 the US remains a net gas importer. In 2013, the most recent full year of data, the US had to import 1.3 trillion cubic feet to satisfy domestic Natural Gas consumption. The numbers don’t add up, and they never will, also due to simple economics.

Putin Warns Europe "No Alternative... Will Cut Gas Supplies"

President Vladimir Putin has told European leaders a dispute over Ukraine’s gas debt to Russia could affect supplies of Russian gas to Europe and proposed urgent discussions on the matter. The remarks were the strongest sign yet that Russia could curtail supplies of gas to Ukraine.

Russia And China About To Sign "Holy Grail" Gas Deal

Russia is preparing the announcement of the “Holy Grail” energy deal (a natural gas supply deal that is apparently now close after years of negotiations) with China, a move which would send geopolitical shockwaves around the world and bind the two nations in a commodity-backed axis.

Natural Gas Alternatives for EU are Risky, Expensive and Time Consuming

Putin’s rapid annexation of Crimea has sparked a new urgency in the European Union to find energy supplies outside Russian state-owned gas giant Gazprom, but weaning the EU from Russian natural gas will be slow & difficult.Although the options are many, each faces significant challenges.

Russia Is Slowly Turning The NatGas Tap Off To Europe

Russia’s Natgas exports to Europe and Turkey, excl. former Soviet Union, declined to 405.3mcm as of March 22, according to Bloomberg calculations based on preliminary data from Energy Ministry’s CDU-TEK unit. Average daily exports to the region were ~457mcm in March, lower than year earlier.

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