nwtk2007 wrote:
So, will Germany try to pay in rubles vie a German company now, not one seized from Russia? Is Germany still getting gas from Russia?
I understand Russia supplies more than a third of Europe's gas…
Germany says it's ready to stop buying Russian oil, paving the way for the EU to impose a full embargo… It is an attempt to circumvent European sanctions and to blackmail the European Union…It is or its shrewd strategy. Russia needs the money from its energy exports more than ever, given the havoc sanctions have wreaked on others parts of its economy... What better way???
I think Russia has to honor their decree and Existing contracts that do not include an obligation to pay in rubles which has to be honored? Yet its war so everythibg changes… Those purchasing gas and oil from Russia are certainly taking note of the hostage situation they find themselves in and while they impact need Russias’ gas and oil you can bet they’re working on alternatives as well…
I read that Russian gas was still flowing westwards on two of the three main pipelines noting Germany had cut off Nord Stream project.... China not so happy about that either.. Forget there’s still these Iberia natural gas pipeline going full function. Supposedly the Kremlin said payments for gas being delivered now would fall due towards the end of the month or the beginning of May, which is why Russia hadn't immediately shut off the flow of gas to Europe…
I honestly don’t know if Germany is still getting gas from Russia, in the future at least.. Based on what’s going on with the rejection of the ruble payment that was made., who knows??? I haven’t read anything that say Germany has been cut off, to the contrary supposedly they were working on “talks “ to rectified whatever ??
Germany gets 55 percent of its natural gas and 35 percent of its oil and about half its coal from Russia. But they have also been working on reducing those percentages last year??
The problem with an embargo, from Germany’s perspective, is that it would not last for days, it would last months or even years while the war continues with no offsets in sight.
“Even without an embargo, Title Transfer Facility (TTF) natural gas prices in the Netherlands are already up to $41.06 per 1,000 cubic feet as Russia’s invasion wears on, compared to $4.80 per 1,000 cubic feet for U.S.-produced natural gas here. Prices would be even higher in Europe with the embargo… “Just may bring more countries to us for our natural gas supply which I understand is plentiful... This is what I meant about the world is changing as are the allies with all recognizing their need for more self sufficiency and self dependency. As if that wasn’t obvious to begin with but apparently not????
An interesting article~
Wang for Russia-China-India gas pipeline
Monday, 21 March 2022 | Rakesh K Singh | New Delhi
In the shifting geopolitical landscape post the Russia-Ukraine crisis, Chinese foreign minister Wang Yi is likely to propose a Russia-China-India (RCI) oil/gas pipeline project during his upcoming New Delhi visit later this month.
The move is said to have been formulated in response to the US sanctions against Moscow not only hitting the economic interests and businesses of Russia but also hitting India and China hard, top sources privy to the development said.
The possible proposition of the RCI Pipeline project comes in the backdrop of the Tajikistan-Afghanistan-Pakistan-India (TAPI) Pipeline not taking off due to security risks posed by a destabilised Kabul and the perennial anti-India stance of Islamabad.
The TAPI has been under discussion for nearly three decades. However, India is unlikely to go ahead with any such proposal without gaugi..
https://www.dailypioneer.com/2022/india/wang-for