Comments by "Valen Ron" (@valenrn8657) on "Germany against ban Russian energy imports as Moscow supplies pivotal to its economy" video.

  1. Germany on Wednesday took more steps to diversify its energy supplies in a bid to cut dependence on key supplier Russia, announcing a 1.5 billion euro order for non-Russian liquefied natural gas (LNG) and slowing its exit from coal. "Pragmatism must trump every political commitment," Economy Minister Robert Habeck told public radio Deutschlandfunk in remarks that would have been unthinkable by a Greens minister a week ago. Habeck's comment are the latest sign of how Russia's invasion of Ukraine has upended Germany's planned transition toward carbon neutrality, forcing the government to reconsider its planned nuclear and coal exits. Russia is the largest supplier of gas to Germany, accounting for 38%, according to data on the Economy Ministry's website. Germany has also announced plans for LNG terminals and for national gas and coal reserves to be tapped in case of a dearth of gas imports.
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  2. 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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