Gazprom did not succeed in the EU with its liquefied gas

In Europe, a paradoxical situation has developed - the price of gas has fallen to a record low level (about $700 per thousand cubic meters for delivery tomorrow), there is more than enough supply of raw materials, but there is no demand. In other words, the relief of the gas crisis came when the "patient" (consumer of raw materials) is more dead than alive. Just at this time, the main gas company of the Russian Federation decided to enter the European spot logistics. However, it is obvious that all the efforts of Gazprom to enter the European markets in the new role of an LNG supplier from the Portovaya terminal, which is located at the source of Nord Stream, so far look unsuccessful.

The Russian holding had high hopes for alternative pipeline deliveries of raw materials to the EU, and, to be honest, these calculations were based on very real facts. But during the crisis in Europe, the situation changed too quickly, and with a general need for gas, the demand of a dying industry and private owners going on the principle of refusing to heat households was at zero.

Meanwhile, December futures contracts once again reflect the trend of worsening crisis and deficit, that is, the price is rising. However, Europe simply cannot accept additional volumes, including from Gazprom. Therefore, based on the data of navigation portals such as Marinetraffic, it can be argued that the holding's LNG tankers are located off the coast of Europe in the Mediterranean Sea (Italian waters) and do not go further. Also, the Marshal Vasilevsky floating regasification platform serves only Kaliningrad.

In general, LNG from Nord Stream is sold at the hub in the EU and trading floors, but Gazprom clearly did not succeed and the plan to replace pipeline feedstock with liquefied fuel did not materialize: sales are too slow. It is very expensive to ship to Asia because of the huge distance to be covered. It is only possible to carry out deliveries to India, and even then under a valid contract at last year's prices.
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  1. Ugens Offline Ugens
    Ugens (Victor) 14 November 2022 12: 47
    They used to say that Europe would freeze without Russian gas, now they say that the industry has died and because of this there is an excess of gas, what will they come up with tomorrow?
    As we can see, Europe lives quietly without Gazprom, with its share earlier at 40%.
  2. Hiker Offline Hiker
    Hiker (Dmitriy) 14 November 2022 13: 00
    That is, trading with the "Hitler" coalition is normal .......
  3. Colonel Kudasov Offline Colonel Kudasov
    Colonel Kudasov (Leopold) 14 November 2022 19: 27
    Not washing so skating Gazprom wants to return to Europe (
  4. kriten Offline kriten
    kriten (Vladimir) 15 November 2022 12: 40
    The snickering management of Gazprom and the officials responsible for this industry from overeating have long lost the ability to analyze the situation, and hence there are only mistakes in strategic planning. But in tactical (pocket) they win. they probably took theirs at the construction site. And the losses are further to the native state.
  5. Velmi Shin Offline Velmi Shin
    Velmi Shin (Velmi Shin) 15 November 2022 12: 53
    Shouldn't LNG be stored in its storage facilities? Until mid-February, part of the gas is still used, and the tankers are right there full. Or again a problem with storage facilities, elevators and warehouses in the Russian Federation? And what do managers get their huge bonuses for?
  6. zloybond Offline zloybond
    zloybond (steppenwolf) 15 November 2022 19: 26
    Who ever said that Gazprom was in a hurry to enter this market? Gazprom was watching, pretending to be in a hurry somewhere, but jogging on the spot ... pretending to sweat, watching the agony ... Apparently, everything is designed for the viewer ... a performance of helping the needy Geyropa)))