Tuesday, April 16, 2024

Commercial and economic warfare looks like this...

Editor's note: The last weapon the US dollar empire has at its disposal is energy and this is why the Nord Stream pipelines were destroyed by the west (UK-US) and is now why the US is trying to kill Russia's Arctic LNG 2 project. This economic and financial commercial warfare is only going to get worse as the BRICS nations work to come up with their own alternative financial tools. Right now, the control over energy is the only leverage the US has to save itself from default. The "experts" are totally confused about what to do as Russia plows forward and the Europeans know it even though they won't admit it. You know they are not experts when they continue to refer to "fossil fuels."
________

Why US Scheme to Kill Russia's Arctic LNG 2 is Dead in the Water

A wellhead equipment is pictured at the Salmanovskoye (Utrenneye) oil and gas condensate field (OGCF) -

Sputnik International | April 16, 2024
© Sputnik | Maksim Blinov 

The US is trying to upend Russia's Arctic LNG 2 project and do whatever it takes to ensure it is "dead in the water." Will Washington succeed in killing Russia's bold energy endeavor?

The US plans to use sanctions to asphyxiate the Arctic LNG-2 gas liquefaction project by the Russian company Novatek, the Wall Street Journal reported on Sunday, citing US Assistant Secretary of State for Energy Geoffrey Pyatt.

In particular, Washington is trying to prevent Moscow from receiving specialized ice-class tankers needed for transporting liquefied natural gas (LNG). As a result, the South Korean shipbuilder Hanwha Ocean, assigned with building six gas carriers for the project, has ceased cooperation with the customer.

Washington's actions go well beyond international law or free market rules, according to Stanislav Mitrakhovich, leading expert of the National Energy Security Foundation and the Financial University under the Government of the Russian Federation.
"The Americans simply use their clout in the world, that is, their financial, political, and technological influence, to force the whole world to act in the way they want," Mitrakhovich clarified.
More: On Thin Ice: US Falling Behind Russia in Mobility in Arctic Region

When it comes to Russia's energy trade, the US has a long history of trying to squeeze the nation out of the European market under various pretexts. Eventually, Washington managed to force the EU into severing energy ties with Russia (to Europe's detriment) after the beginning of the special military operation in Ukraine in February 2022.

In September 2022, the Nord Stream pipelines carrying natural gas from Russia to Europe were destroyed by "unknown perpetrators", believed by Pulitzer Prize-winning journalist Seymour Hersh to be American and Norwegian operatives acting on Team Biden's orders.

Thus, it was hardly surprising that the US emerged as the largest supplier of liquefied natural gas (LNG) to Europe (EU-27 and the UK) in 2022 and 2023, as per the US Energy Information Administration (EIA). Nonetheless, Russia remained Europe's third-largest LNG supplier. According to some estimates, EU imports of Russian LNG have soared by 40% since February 2022.

Please go to Sputnik to continue reading.
________


He who slings mud looses ground 'eh?

Sanctions Slapped on Russian Metals Hurt West and Undermine Dollar's Dominance


No matter what the US and the UK do in their collective commercial war on Russia do they are not going to stop Russia:

Russian seaborne oil shipments hit 11-month high – Bloomberg


Honestly, who writes this crap? They completely missed that France imported over €600 million this year worth of LNG from Russia:

After two years of war, Europe emerging from shadow of Russian gas

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.

Looking into our circumstances...