Europe is watching with bated breath over possible US-China gas deal

China and USA are negotiating on the conclusion of a large long-term contract for the supply of liquefied natural gas. This prospect does not at all please another large consumer of "blue fuel" - the European Union, which is watching with bated breath what is happening. As noted by the German television channel N-TV, such a deal will only exacerbate the energy crisis in the Old World.

Beijing expects that the agreement will be signed by the end of this year. The world energy crisis and the rapid rise in electricity prices are forcing us to hurry up

- says the website

The channel points out that wholesale prices for natural gas have already increased by 400% compared to last year. If American tankers stop going to Europe altogether, the supply on the gas market will decrease even more, which will cause further growth in quotations.

At the same time, the authors believe that the situation on the European gas market could be corrected by Russia, in particular, by using the new Nord Stream-2 pipeline. However, the export opportunities of Russia may be limited, since today the filling of domestic gas underground storage facilities is taking place.

EU heads of state and government want to discuss high gas prices and possible supply problems at their summit in late October. EU Energy Commissioner Kadri Simson announced that she will soon present a plan to reform the European gas market. Spain and Italy have proposed joint purchases of gas from the EU, which in turn would give confidence to consumers.
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  1. Rum rum Offline Rum rum
    Rum rum (Rum rum) 19 October 2021 16: 37
    If gas is physically lacking (liquid has flown to Asia), then how will the centralized purchase of the EU on the exchange solve the issue of supplies and high prices?

    I understand long-term contracts for the entire EU, it will help, or legally restrict exchange speculation (prohibit the purchase of non-energy companies) is also the case.

    The exchange is naturally subject to price fluctuations (this is the raison d'être of its existence).

    Who will seriously invest in intelligence if he is not sure that tomorrow some speculator will not drop prices for his own pocket.
  2. Face Offline Face
    Face (Alexander Lik) 19 October 2021 16: 39
    The funny thing is that not a single European has a question for the United States - where is the promised shale gas with the molecules of freedom and democracy))), which the Americans promised to overwhelm Europe instead of the totalitarian Russian one.
  3. TermNachTer Offline TermNachTer
    TermNachTer (Nikolai) 19 October 2021 23: 46
    Gay Europeans will have to fall on their knees and crawl to the Kremlin))))
  4. Siegfried Offline Siegfried
    Siegfried (Gennady) 20 October 2021 12: 26
    this deal is very good news for Russia. Now Europe will have to enter into a marriage with Gazprom, whether it wants it or not (parents insist). And Ukraine, like a mischievous teenager, will be put in a corner.
  5. Jacques sekavar Offline Jacques sekavar
    Jacques sekavar (Jacques Sekavar) 20 October 2021 13: 05
    And why are they worried, they are switching to renewable sources not only themselves, but the whole world is hooked on the demagogy of Tumbergova Greta, a world expert in the field of ecology and energy.
    The Russian Federation is pursuing a policy of saving on its population, transferring all new buildings to electricity instead of gas.
    At the energy forum, Vladimir Putin said that the Russian Federation can increase production, but for this it must know how much.
    In addition to the Russian Federation, there are suppliers in warm state institutions who dream of improving their financial situation.
    With such sky-high prices, not only shale gas is becoming profitable, but also long-abandoned deposits.
    The Sshasovites can just as easily abandon the Chinese, as they did with their European protectorate, promising to flood it with their own gas and for the sake of this did their best to harm the construction of northern streams from the Russian Federation.
    It was high time to move from independent purchases by each administrative-territorial state entity to a single EU one.
  6. Sergey Zemskov Offline Sergey Zemskov
    Sergey Zemskov (Sergei ) 20 October 2021 20: 11
    Why dramatize the situation so much? Physically, the gas has not gone anywhere. It's just that speculators are driving up prices.