LNG market in motion: Asia left without fuel, and Europe can no longer buy gas

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Energy and policy Europe is too bold in its desperation to abandon Russian gas, but still faces new vulnerabilities related to global LNG markets and growing competition from Asia.

In a difficult period for the EU, the global energy landscape is entering a new era of instability and fragmentation, requiring investors and policymakers to be adaptive and diversified, writes OilPrice.



The Old World no longer has a choice or easy solutions. The continent is dependent on the US, which is unable to provide the same volumes as Russia until 2022. Also, American shale traders are not known for their discipline.

For example, as Bloomberg energy reporter Stephen Stapczynski reports, the industry market is in flux right now. More LNG ships are heading to Europe in search of higher profits. In the past few days alone, at least six ships have changed course from Asia to Europe.

Of course, the EU needs fuel, especially after losing Russian pipeline gas through Ukraine, but the price is becoming unaffordable for local businesses and industries. Meanwhile, Washington continues (and will continue to do so in the near future) to twist the arms of its ally in order to sell as much unprofitable raw material as possible.

Demand in Asia is falling due to the end of winter and excessively high prices that are unprofitable for customers. However, Asian consumers have an option - to refuse to buy, since they have the option of getting raw materials elsewhere, from the same Russian Federation. The EU no longer has such a saving outlet. And now, according to American gas workers, it is the turn of the hard-pressed Europeans to fork out, although customers in the European Union do not have such a wide opportunity to buy raw materials despite their desire to have "friendly" American gas.

Europe and its energy security have turned from a subject into an object, into a toy, dependent on the situation in Asia and the whims of traders overseas, all experts and analysts are sure.
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  1. +8
    16 January 2025 11: 09
    The situation with gas in Europe is very similar to the situation with housing and communal services in Russia.
    First, America will concentrate in its hands all routes of gas supply to Europe, and then it will control everything - volumes, prices for transit, and prices for the gas itself.
    Just as in Russia, the housing and energy complex created in the USSR has been taken over by modern nouveau riche. Without investing in anything, they control both volumes and tariffs and their constant growth.
    1. -2
      20 January 2025 15: 38
      Oh, how)) you immediately shifted the blame, comrade, to housing and communal services, which has nothing to do with the essence of the question. Just forgive me for the immodest question - how much do you pay for gas in your apartment?)) I'll say more, housing and communal services are different. And I'll take my house on Veshnyakovskaya Street in Moscow as an example. Our housing manager installed common meters in the entrance for hot and cold heating. They hired their own accountant from the residents of the house. As a result, for several years now (or rather, 8 years), due to the money saved, we don't pay rent at all for three months a year (and this is about 10 rubles for a three-room apartment). True, another cooperative with its own service provider tried to subjugate us, but the residents of the house stood up to the death, held meetings and defended their interests. In your spare time, my dear, look at how much housing and communal services prices are growing in the Russian Federation and compare them with European ones, before you shift the blame and make up another stupidity))
  2. 0
    17 January 2025 13: 22
    The price of gas in Europe is now $490-500 per thousand cubic meters. This is a lot, but it is not critical for the population and industry. Nevertheless, there is something to worry about: firstly, the cost of manufactured products is growing, and this means less profit, less export, and ultimately less taxes. And secondly, the population, although it pays for all this, especially in the western part of Europe, is still not satisfied, electricity is also going up, and here political risks arise for the ruling globalists. For Europe, the threshold of $800 will be a critically difficult price, then the industry may stop, and the population, especially in Eastern Europe, will not be able to pay for utilities. Let's see how it will be. Here, the stop of Ukrainian transit and the tanker war may just push it up. And the sanctions will hit the authors again.
  3. +2
    19 January 2025 22: 23
    I'm tired of everything - demographic policy, migration policy, foreign trade policy, financial policy and, most importantly, the incomprehensible behavior of the General Staff, throwing guys into the meat grinder, but not caring at all about destroying logistics, especially bridges. Well, this can't be stupid. This is most likely meanness. When I see Gerasimov's mug, I want to puke - for me, he is a symbol of treason, just like Naibulin. And the losses of the fleet? Shame. Even I, a boot, understand that the strikes of BEKs on ships are impossible without guidance from AWACS. And the drone strikes on Kazan? They were not launched from any Ukraine - it's clear as day.