Comments by "Valen Ron" (@valenrn8657) on "Ukraine-Russia crisis: Italy launches new measure to save gas | International News | WION" video.
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@thehturt5480
The United States remained Europe’s top supplier of liquefied natural gas (LNG) in the first 3 months of 2021 as it continued to gain market share at the expense of Russia and Qatar, Europe’s second- and third-largest sources of LNG, according to the EU Commission’s latest European Gas Market Report.
The US supplied 24% (4.2 Bcm) of the EU’s overall LNG imports (17 Bcm in Q1 2021); Russia placed second at 21% (3.7 Bcm); and Qatar was third at 18% (3.1 Bcm), the EU Commission reported in early July.
When compared to Q4 2020, the US picked up 2% market share from January to March this year, while Russia bested Qatar to become Europe’s second-largest LNG supplier. Nigeria placed fourth, followed by Algeria and Trinidad and Tobago.
A review of EU Commission reports dating back to 2019 reveals a steady quarter-to-quarter decline in Europe’s LNG purchases while it also documents the growing rivalry between the US and Russia, Qatar’s fall from dominance, and the emergence of the US as Europe’s top LNG supplier starting Q4 2019.
The EU is the world’s third-largest LNG market, though its imports amounted to only about half that of Japan (36 Bcm) and China (32 Bcm) in Q1 2021.
European gas consumption rose 7.6% to 132 Bcm in Q1 based on a year-on-year comparison. The commission noted that demand for gas as fuel to generate electricity rose 3.4%, also year-on-year (increasing by 4.9 TWh.)
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@thehturt5480
CF Industries boosts U.S. fertilizer shipments as war cuts Russian exports. CF Industries Holdings (CF.N) is increasing fertilizer shipments to both U.S. coasts from the world's largest nitrogen complex in Louisiana to help offset a decline in exports from Russia after it invaded Ukraine, Chief Executive Tony Will said.
Global fertilizer supplies have tightened and prices have increased from already high levels as sanctions bite Russia and its ally Belarus. read more Nitrogen fertilizer is one of the most commonly used fertilizers to boost production of corn, canola and other crops.
Illinois-based CF Industries leased several vessels to transport more fertilizer, mostly liquid nitrogen, from its complex in Donaldsonville, Louisiana, Will told Reuters. The company can ship products up the Mississippi River to the Midwest and load vessels to sail downriver through the Gulf of Mexico to tanks on either coast.
"Historically a fair bit of Russian imports have come particularly to the East Coast, and we're trying to make up for that lack of availability by moving our tons over there," Will said.
CF Industries has five U.S. nitrogen manufacturing complexes, along with plants in Canada and the United Kingdom. The company's ability to increase production is limited because it tries to operate plants at their maximum rate all year, Will said.
"We're moving as much product as we can right now with the assets that we have available," he said.
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@chriswilson3009
From ANKARA
Poland is ready to fully cease Russian gas supplies as it has alternative energy sources, an energy analyst from the Jagiellonian Institute in Poland, Wojciech Jakobik, said Thursday.
Jakobik, who is also the editor of Biznesalert, a prized source on key energy and infrastructure issues in Poland told Anadolu Agency that Bulgaria can also do without Russian gas with EU support as echoed by the European Commission.
"This is something the European Commission has been preparing for, in close coordination and solidarity with Member States and international partners," European Commission President Ursula von der Leyen said on Wednesday.
"This shows first of all the immense solidarity among us but it also shows the effectiveness of past investments, for example in interconnectors and other gas infrastructure. The Commission will also intensify its work with the so-called regional groups of Member States, that can provide the most immediate solidarity to each other. This will mitigate any impacts on possible gas disruptions," he noted.
He further confirmed that work would continue to ensure sufficient gas supply and storage in the medium term.
"Our action plan REPowerEU will help to significantly reduce our dependency on Russian fossil fuels already this year," he said.
Jakobik explained that Poland is capable of replacing half of its import needs from Russia through other sources.
"Poland uses 20 billion cubic meters per year and had imported up to 10 billion cubic meters. It is capable of importing all its needs through LNG terminals and from its neighbors. Soon it will be ready to import more through the Baltic Pipe from Norway and LNG from Lithuania," he noted.
Nonetheless, Jakobik envisages that there could be gas usage limitations in Europe in the autumn to guarantee security of supply. He recommended that the EU continue to work to secure supplies in the likelihood of a total gas cut-off from Russia.
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@thehturt5480
EU looks to US, Qatar, South Korea...
The EU vowed to slash its imports of Russian gas by two-thirds by the end of the year, two weeks after Moscow launched its military attack against Ukraine.
It then struck a deal with Washington late last month for the US to up its deliveries of liquified natural gas by 15 billion cubic metres this year to mitigate the loss of gas from Russia. The US is then expected to supply another 50 billion cubic metres of LNG until 2030.
Brussels has also pledged to accelerate investments to diversify, including in renewables but also in terminals that can accommodate LNG deliveries from countries including Qatar, South Korea, and Israel.
These can later be repurposed for hydrogen, which the EU has made a key component of its transition and ambition to become the first carbon-neutral continent by 2050.
In an address to reporters on Wednesday, von der Leyen reiterated that the bloc is working to "secure alternative gas supplies from other partners", flagging that the Gazprom decision is "a stark reminder that we need to work with reliable partners."
According to the Commission, the EU has the potential to import a further 50 billion cubic metres of LNG on a yearly basis.
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