CHINA HALTS RESALES OF RUSSIAN LNG TO EUROPEAN BUYERS
BY TYLER DURDEN -MONDAY, OCT 17, 2022
A month and a half ago, we made a startling discovery: China was aggressively reselling LNG imports from Russia, the country's fourth-largest supplier of LNG so far in 2022 having surpassed both Indonesia and the US, to Europe and thanks to the continent's unprecedented desperation for gas, it was charging pretty much whatever markup it wanted.
But maybe not any more.
According to Bloomberg, Chinese state-owned energy giants have been recently told by authorities to stop reselling liquefied natural gas cargoes (certainly those from Russia) to gas-starved Europe, in what could be a blow to the European hopes of continuous high inflows of LNG as the winter approaches.
China's National Development and Reform Commission (NDRC), the country's top planning body, told the country’s state-held LNG importers including Sinopec, PetroChina, and CNOOC, that they should stop reselling LNG cargoes and keep them to ensure Chinese gas supply this winter, Oilprice reported citing Bloomberg sources.
In recent months, as we reported first in August, Chinese LNG importers have been selling their excess inventories to Europe and reaping substantial profits from the sales because of lackluster demand in China.
Chinese domestic demand has been squashed by rolling waves of city-wide Covid lockdowns and a slowdown in economic growth.
As a result, Chinese sales of LNG have been a relief to the European market so far this year.
But as China now moves to cater to its own energy security this winter, Europe’s precarious LNG supply - much of which was a function of continued Chinese reselling of embargoed Russian gas - could dwindle just ahead of the winter heating season.
BY TYLER DURDEN -MONDAY, OCT 17, 2022
A month and a half ago, we made a startling discovery: China was aggressively reselling LNG imports from Russia, the country's fourth-largest supplier of LNG so far in 2022 having surpassed both Indonesia and the US, to Europe and thanks to the continent's unprecedented desperation for gas, it was charging pretty much whatever markup it wanted.
But maybe not any more.
According to Bloomberg, Chinese state-owned energy giants have been recently told by authorities to stop reselling liquefied natural gas cargoes (certainly those from Russia) to gas-starved Europe, in what could be a blow to the European hopes of continuous high inflows of LNG as the winter approaches.
China's National Development and Reform Commission (NDRC), the country's top planning body, told the country’s state-held LNG importers including Sinopec, PetroChina, and CNOOC, that they should stop reselling LNG cargoes and keep them to ensure Chinese gas supply this winter, Oilprice reported citing Bloomberg sources.
In recent months, as we reported first in August, Chinese LNG importers have been selling their excess inventories to Europe and reaping substantial profits from the sales because of lackluster demand in China.
Chinese domestic demand has been squashed by rolling waves of city-wide Covid lockdowns and a slowdown in economic growth.
As a result, Chinese sales of LNG have been a relief to the European market so far this year.
But as China now moves to cater to its own energy security this winter, Europe’s precarious LNG supply - much of which was a function of continued Chinese reselling of embargoed Russian gas - could dwindle just ahead of the winter heating season.
Zerohedge
Zerohedge
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
👍5
THE LEVIATHAN SUPER CYCLE ENDS; WESTERN LEADERS PRETEND THEY DIDN’T NOTICE
The Ukraine war ‘bubble’ is deflating as the U.S. and Europe reach the bottom of the arms ‘inventory barrel’.
Doubts and misgivings are everywhere; the drive and confidence of ‘Empire’ has faded.
The U.S. apes more the exhausted Austro-Hungarian Empire of the pre-WW1 era – dragging an array of allied nations into a conflict that – at that time – turned into WW1.
Now, it is western Europe that has been dragged into another European war – by default – owing to their alliance/ allegiance with Washington.
Then, as today, all states disastrously underestimated the length and severity of the conflict – and misread the nature and significance of events.
Today’s war (against Russia) is framed in the West in a childish-moral trope (which nonetheless seems to work for an anaesthetised public) – that of WWII: Every rival is another Hitler, any reflective comment, another Neville Chamberlain example of appeasement.
A tyrant lusts for European land and domination, and the only question is whether the good and just can muster the resolve to defeat this evil ambition.
This simplistic meme plainly is intended to obfuscate from their electorates the significance of the underlying dynamics at work: Not only is a major political cycle in transition, but this is occurring precisely at a moment when the western hyper-financialised ‘business-model’ is cracking.
Put simply: the narrative obfuscation (“we are winning”) hides risks (both political and economic) whose gravity, western leaders seem unable (or unwilling) to grasp.
The U.S. – like pre-war Austria–Hungary – is slowly falling apart. That cannot any more be fudged.
Washington is haemorrhaging control over events and making strategic mistakes.
A certain class in the western ruling élite however, seems stuck in a reading of history.
An interpretation that sees war as restoring the health of the state: that any conflict – any us vs them, whether real or abstract (such as war on poverty, drugs, the virus, etc.) – feeds centralisation and strengthens the totalising Leviathan.
Indeed, even conceptualised as an internal ‘us versus the enemy within’ war, this too is seen as consolidating the Leviathan
Alastair Crooke - October 17, 2022The Ukraine war ‘bubble’ is deflating as the U.S. and Europe reach the bottom of the arms ‘inventory barrel’.
Doubts and misgivings are everywhere; the drive and confidence of ‘Empire’ has faded.
The U.S. apes more the exhausted Austro-Hungarian Empire of the pre-WW1 era – dragging an array of allied nations into a conflict that – at that time – turned into WW1.
Now, it is western Europe that has been dragged into another European war – by default – owing to their alliance/ allegiance with Washington.
Then, as today, all states disastrously underestimated the length and severity of the conflict – and misread the nature and significance of events.
Today’s war (against Russia) is framed in the West in a childish-moral trope (which nonetheless seems to work for an anaesthetised public) – that of WWII: Every rival is another Hitler, any reflective comment, another Neville Chamberlain example of appeasement.
A tyrant lusts for European land and domination, and the only question is whether the good and just can muster the resolve to defeat this evil ambition.
This simplistic meme plainly is intended to obfuscate from their electorates the significance of the underlying dynamics at work: Not only is a major political cycle in transition, but this is occurring precisely at a moment when the western hyper-financialised ‘business-model’ is cracking.
Put simply: the narrative obfuscation (“we are winning”) hides risks (both political and economic) whose gravity, western leaders seem unable (or unwilling) to grasp.
The U.S. – like pre-war Austria–Hungary – is slowly falling apart. That cannot any more be fudged.
Washington is haemorrhaging control over events and making strategic mistakes.
A certain class in the western ruling élite however, seems stuck in a reading of history.
An interpretation that sees war as restoring the health of the state: that any conflict – any us vs them, whether real or abstract (such as war on poverty, drugs, the virus, etc.) – feeds centralisation and strengthens the totalising Leviathan.
Indeed, even conceptualised as an internal ‘us versus the enemy within’ war, this too is seen as consolidating the Leviathan
lol
Given what we have seen regarding the capabilities of #Iranian-produced #drone #technology used by #Russia in Ukraine, I'm pretty certain that after decades of sanctions and decades of building up its own #weapons manufactuting capabilities, #Iran can now produce it's own high quality weaponry and don't need to steal anything from the #Israelis
Obviously #Netanyahu knows this but he has to come up with some plausible sounding reason to refuse to openly support the #Nazis in #Ukraine while still sounding like he and his nation are invincible and produce invincible weaponry, obviously far superior to those stone age #Muslims in Iran
obviously ..... 😂
Given what we have seen regarding the capabilities of #Iranian-produced #drone #technology used by #Russia in Ukraine, I'm pretty certain that after decades of sanctions and decades of building up its own #weapons manufactuting capabilities, #Iran can now produce it's own high quality weaponry and don't need to steal anything from the #Israelis
Obviously #Netanyahu knows this but he has to come up with some plausible sounding reason to refuse to openly support the #Nazis in #Ukraine while still sounding like he and his nation are invincible and produce invincible weaponry, obviously far superior to those stone age #Muslims in Iran
obviously ..... 😂
👍2😁1
Nightime #Satellite images of #Ukraine taken on 17th October 2022 show nationwide #electricity #outages
This media is not supported in your browser
VIEW IN TELEGRAM
Concise and accurate representation of recent events in #Ukraine.
Forwarded from WAR CRIMES IN UKRAINE
«What is Germany doing in order to help Ukraine against Russia?»
— Germany has been providing Ukraine with financial and military aid, often to detriment of its own reserves and at the same time it sees numerous humiliations and insults from Ukrainian “diplomats” against German government and even chancellor.
Can’t use it without quotation marks, Ukrainian diplomacy is very specific with its main agenda being “Give us everything we ask or *** (censored)”.
Germany has been buying gas for itself and the entire Europe at exorbitant market prices sacrificing its money and its industry to make sure that European Union survives and doesn’t fall into deepest crisis in its history. All that to help Ukraine against Russia, while Russia is still offering its help to EU and Ukraine keeps asking for more and more and more.
Germany closed eyes on its NATO “allies” blowing up its own Nord Stream pipeline, which was the only backup way to supply Europe and prevent humanitarian disaster in case of any emergency with other gas sources.
Of course, this is not the entire Germany but mostly the loud “green” coalition that tries to force chancellor Scholtz to lead the entire EU to collective suicide on the behalf of Ukraine. Germany does have forces of reason and we hear the voice of those forces, but they are not the ones making decision. However, this all may change. Europe does have democratic institutions and if those forces of reason will manage to break the pressure of globalized media and present their case to electors, we still may see big shifts of power in Europe. Global media keep hysterically shouting that Europeans must be ready for any sacrifices to defend their freedom.
❔ But is Russia really threatening European freedom? And why must European people pay for stubborn stupidity of Ukrainian government? Europeans should not forget that Ukrainian elites have been ignoring all attempts to solve the conflict diplomatically and were determined to kill or evict the entire population of their own region of Donbass, which didn’t agree with their agenda. They shouldn’t forget that their own OSCE mission recorded over 3,200 cases of ceasefire violations in Donbass just in 3 days a week before Russian intervention. More and more Germans start to understand that they are facing sacrifices to help those very forces that they tried and managed to exterminate in their own country.
— Germany has been providing Ukraine with financial and military aid, often to detriment of its own reserves and at the same time it sees numerous humiliations and insults from Ukrainian “diplomats” against German government and even chancellor.
Can’t use it without quotation marks, Ukrainian diplomacy is very specific with its main agenda being “Give us everything we ask or *** (censored)”.
Germany has been buying gas for itself and the entire Europe at exorbitant market prices sacrificing its money and its industry to make sure that European Union survives and doesn’t fall into deepest crisis in its history. All that to help Ukraine against Russia, while Russia is still offering its help to EU and Ukraine keeps asking for more and more and more.
Germany closed eyes on its NATO “allies” blowing up its own Nord Stream pipeline, which was the only backup way to supply Europe and prevent humanitarian disaster in case of any emergency with other gas sources.
Of course, this is not the entire Germany but mostly the loud “green” coalition that tries to force chancellor Scholtz to lead the entire EU to collective suicide on the behalf of Ukraine. Germany does have forces of reason and we hear the voice of those forces, but they are not the ones making decision. However, this all may change. Europe does have democratic institutions and if those forces of reason will manage to break the pressure of globalized media and present their case to electors, we still may see big shifts of power in Europe. Global media keep hysterically shouting that Europeans must be ready for any sacrifices to defend their freedom.
Please open Telegram to view this post
VIEW IN TELEGRAM
Forwarded from Bleib Stark 🤜🤛
Gaspreisexplosion – nun findet auch der SPIEGEL heraus, was Sie bereits vor mehr als zwei Monaten auf den NachDenkSeiten lesen konnten
Mehr als zwei Monate später schließt sich jetzt auch der SPIEGEL in einem Artikel hinter der Bezahlschranke diesem Urteil an.
Um zu verstehen, warum die Großhandelspreise für Erdgas vor allem im August jenseits von Gut und Böse waren, muss man verstehen, wie es der Bundesregierung gelungen ist, die nationalen Gasspeicher in einem Rekordtempo zu füllen.
Im Frühjahr, als sich die Großhandelspreise nach der russischen Invasion in der Ukraine verdoppelt hatten, war die Bereitschaft privatwirtschaftlicher Unternehmen, Gas zu diesen Preisen für den nächsten Winter einzulagern, freundlich ausgedrückt zurückhaltend. Das brachte die zuständige Bundesnetzagentur und das Bundeswirtschaftsministerium auf den Plan. Am 3. Juni wurde der technische Dienstleister Trading Hub Europe (THE) damit beauftragt, die Füllung der nationalen Gasspeicher zu koordinieren.
Am 23. Juni rief Bundeswirtschaftsminister Robert Habeck dann die Alarmstufe des Notfallplans Gas aus, mit der er THE legitimierte, über ein Kreditfenster der staatlichen Förderbank KfW selbst Gas an den Energiebörsen zu kaufen und es in den Speichern einzulagern.
Diese Maßnahme war per se nicht falsch.
Nachdem Gazprom die Gaslieferungen über die Nord-Stream-1-Pipeline unter fragwürdigen Erklärungen am 13. Juni auf 40 Prozent des maximalen Volumens gedrosselt hatte, waren die Preise noch einmal gestiegen und mittlerweile meldeten die großen privatwirtschaftlichen Gasimporteure wie Uniper, dass ihnen das nötige Geld für weitere Einkäufe ausgegangen sei. Hochproblematisch war jedoch die Vorgehensweise des staatlichen Einkaufsprogramms, das nun von THE umgesetzt wurde. Die NachDenkSeiten kommentierten dies damals folgendermaßen:
Die Firma Trading Hub Europe (THE) […] hat nun die hoheitliche Aufgabe, den Markt sprichwörtlich leerzukaufen und die nationalen Gasspeicher mit der technisch maximalen Menge pro Tag zu füllen. […] Auf den Preis soll THE dabei nicht achten, sondern blindlinks zu jedem aufgerufenen Preis einkaufen. […] Deutschland kauft also derzeit ohne Sinn und Verstand den Markt leer.
🤷♀Somit hat Habeck die Gaspreise künstlich in die Höhe getrieben...
👉Hier geht es weiter
Bleib Stark abonnieren:
👉🏼https://news.1rj.ru/str/bleibtstark
Mehr als zwei Monate später schließt sich jetzt auch der SPIEGEL in einem Artikel hinter der Bezahlschranke diesem Urteil an.
Um zu verstehen, warum die Großhandelspreise für Erdgas vor allem im August jenseits von Gut und Böse waren, muss man verstehen, wie es der Bundesregierung gelungen ist, die nationalen Gasspeicher in einem Rekordtempo zu füllen.
Im Frühjahr, als sich die Großhandelspreise nach der russischen Invasion in der Ukraine verdoppelt hatten, war die Bereitschaft privatwirtschaftlicher Unternehmen, Gas zu diesen Preisen für den nächsten Winter einzulagern, freundlich ausgedrückt zurückhaltend. Das brachte die zuständige Bundesnetzagentur und das Bundeswirtschaftsministerium auf den Plan. Am 3. Juni wurde der technische Dienstleister Trading Hub Europe (THE) damit beauftragt, die Füllung der nationalen Gasspeicher zu koordinieren.
Am 23. Juni rief Bundeswirtschaftsminister Robert Habeck dann die Alarmstufe des Notfallplans Gas aus, mit der er THE legitimierte, über ein Kreditfenster der staatlichen Förderbank KfW selbst Gas an den Energiebörsen zu kaufen und es in den Speichern einzulagern.
Diese Maßnahme war per se nicht falsch.
Nachdem Gazprom die Gaslieferungen über die Nord-Stream-1-Pipeline unter fragwürdigen Erklärungen am 13. Juni auf 40 Prozent des maximalen Volumens gedrosselt hatte, waren die Preise noch einmal gestiegen und mittlerweile meldeten die großen privatwirtschaftlichen Gasimporteure wie Uniper, dass ihnen das nötige Geld für weitere Einkäufe ausgegangen sei. Hochproblematisch war jedoch die Vorgehensweise des staatlichen Einkaufsprogramms, das nun von THE umgesetzt wurde. Die NachDenkSeiten kommentierten dies damals folgendermaßen:
Die Firma Trading Hub Europe (THE) […] hat nun die hoheitliche Aufgabe, den Markt sprichwörtlich leerzukaufen und die nationalen Gasspeicher mit der technisch maximalen Menge pro Tag zu füllen. […] Auf den Preis soll THE dabei nicht achten, sondern blindlinks zu jedem aufgerufenen Preis einkaufen. […] Deutschland kauft also derzeit ohne Sinn und Verstand den Markt leer.
🤷♀Somit hat Habeck die Gaspreise künstlich in die Höhe getrieben...
👉Hier geht es weiter
Bleib Stark abonnieren:
👉🏼https://news.1rj.ru/str/bleibtstark
Spiegel
(S+) Nachlässigkeit beim Gaseinkauf soll Preise in die Höhe getrieben haben
Die deutschen Gasspeicher sind fast voll – eigentlich ein Erfolg. Nur leider hat die zuständige Firma beim Einkauf offenbar unnütz die Preise nach oben getrieben. Händler und Experten sind fassungslos.
Gas price explosion –
To understand why wholesale natural gas prices were beyond good and bad, especially in August, one has to understand how the #German Federal government has managed to fill national gas storage facilities at a record pace.
In the spring, when wholesale prices had doubled after the #Russian invasion of Ukraine, the willingness of private companies to stockpile gas at these prices for next winter was, to put it kindly, reluctant.
This brought the responsible German #FederalNetworkAgency and the Federal Ministry of Economics onto the scene.
On June 3rd, the technical service provider #TradingHubEurope (#THE) was commissioned to coordinate the filling of the national #gas storage facilities.
On June 23, Federal Economics Minister Robert #Habeck then declared the gas emergency plan to be on alert, with which he legitimized #THE to buy gas itself on the energy exchanges via a credit window from the state development bank #KfW and to store it in the storage facilities.
This measure was not wrong per se.
After #Gazprom had cut gas supplies via the #NordStream1 pipeline to 40 percent of the maximum volume under questionable explanations on June 13, prices rose again and meanwhile the large private gas importers such as #Uniper reported that they had the necessary money went out for further purchases.
However, the procedure of the state purchasing program, which has now been implemented by #THE, was highly problematic.
The NachDenkseiten commented on this at the time as follows:
"The company #TradingHubEurope (#THE) […] now has the sovereign task of literally buying the market dry and filling the national gas storage facilities with the technically maximum amount per day. […]
#THE should not pay attention to the price, but buy blindly at every price called. […] "
So Germany is currently buying the market empty without any sense or reason.
🤷♀So German Economic Minister Habeck artificially pushed up the gas prices...
To understand why wholesale natural gas prices were beyond good and bad, especially in August, one has to understand how the #German Federal government has managed to fill national gas storage facilities at a record pace.
In the spring, when wholesale prices had doubled after the #Russian invasion of Ukraine, the willingness of private companies to stockpile gas at these prices for next winter was, to put it kindly, reluctant.
This brought the responsible German #FederalNetworkAgency and the Federal Ministry of Economics onto the scene.
On June 3rd, the technical service provider #TradingHubEurope (#THE) was commissioned to coordinate the filling of the national #gas storage facilities.
On June 23, Federal Economics Minister Robert #Habeck then declared the gas emergency plan to be on alert, with which he legitimized #THE to buy gas itself on the energy exchanges via a credit window from the state development bank #KfW and to store it in the storage facilities.
This measure was not wrong per se.
After #Gazprom had cut gas supplies via the #NordStream1 pipeline to 40 percent of the maximum volume under questionable explanations on June 13, prices rose again and meanwhile the large private gas importers such as #Uniper reported that they had the necessary money went out for further purchases.
However, the procedure of the state purchasing program, which has now been implemented by #THE, was highly problematic.
The NachDenkseiten commented on this at the time as follows:
"The company #TradingHubEurope (#THE) […] now has the sovereign task of literally buying the market dry and filling the national gas storage facilities with the technically maximum amount per day. […]
#THE should not pay attention to the price, but buy blindly at every price called. […] "
So Germany is currently buying the market empty without any sense or reason.
🤷♀So German Economic Minister Habeck artificially pushed up the gas prices...
Forwarded from Xoaquin Flores - New Resistance
Map of Russian regions with security response levels
According to Putin's decree, martial law is introduced in 4 new regions of Russia — the DPR, the LPR, the Zaporozhye and Kherson regions — from 00:00 on October 20.
The average response level is in 8 regions bordering Ukraine.
A high—alert mode is being introduced in the territories of the regions of the Central and Southern Federal Districts - with the exception of 8 regions where the average response level will operate.
Basic readiness level - will operate throughout the territory of the Russian Federation, not affected by other special modes.
According to Putin's decree, martial law is introduced in 4 new regions of Russia — the DPR, the LPR, the Zaporozhye and Kherson regions — from 00:00 on October 20.
The average response level is in 8 regions bordering Ukraine.
A high—alert mode is being introduced in the territories of the regions of the Central and Southern Federal Districts - with the exception of 8 regions where the average response level will operate.
Basic readiness level - will operate throughout the territory of the Russian Federation, not affected by other special modes.
Forwarded from Putinger's Cat / Кот Путингера
Media is too big
VIEW IN TELEGRAM
American marines of the 76th Brigade train in suppressing social unrest. They will be deployed to Kosovo for 9 months.
Forwarded from West Coast News & Discussion
This media is not supported in your browser
VIEW IN TELEGRAM
I am very concerned about the next generation.
Forwarded from Jack Posobiec
I've seen people asking about the George Floyd autopsy report I posted yesterday
It'd been on the Hennepin County medical examiner's website for the past 2 years - anyone can see it there
https://www.hennepin.us/-/media/hennepinus/residents/public-safety/medical-examiner/floyd-autopsy-6-3-20.pdf
It'd been on the Hennepin County medical examiner's website for the past 2 years - anyone can see it there
https://www.hennepin.us/-/media/hennepinus/residents/public-safety/medical-examiner/floyd-autopsy-6-3-20.pdf
Forwarded from Wartime Media - Ukraine / Russia / China / Etc
YouTube
Nord stream pipeline underwater footage analysis | Geopolitics
In this video we'll analyze the Nord stream pipeline underwater footage.
#nordstream #geopolitics #russiaukrainewar
Playlist on Nord stream pipeline
https://www.youtube.com/playlist?list=PL1vNLZF5gfweSA07LqthzE6rJotgNTzOk
Playlist on Russia
https://ww…
#nordstream #geopolitics #russiaukrainewar
Playlist on Nord stream pipeline
https://www.youtube.com/playlist?list=PL1vNLZF5gfweSA07LqthzE6rJotgNTzOk
Playlist on Russia
https://ww…
US REHEARSES DROPPING NUCLEAR BOMBS IN EUROPE
On Monday, the NATO military alliance will hold a training exercise, known as Steadfast Noon, in which US B-52 bombers and F-16 fighters will simulate dropping atomic bombs over Europe amid a deepening nuclear standoff with Russia.
The training exercise comes just ten days after US President Joe Biden warned of a nuclear “apocalypse,” saying the risk of nuclear war is the greatest since the Cuban Missile Crisis of 1962.
“This is the exercise that practices NATO’s nuclear strike mission with dual-capable aircraft and the B61 tactical nuclear bombs the US deploys in Europe,” wrote Hans Kristensen of the Federation of American Scientists.
The aircraft will rehearse dropping B61 “tactical” thermonuclear bombs, each of which is up to 20 times more powerful than the weapon that destroyed Hiroshima in World War II, killing as many as 126,000 civilians.
+++++++++++++++++++++++
Andre Damon - 16 October 2022On Monday, the NATO military alliance will hold a training exercise, known as Steadfast Noon, in which US B-52 bombers and F-16 fighters will simulate dropping atomic bombs over Europe amid a deepening nuclear standoff with Russia.
The training exercise comes just ten days after US President Joe Biden warned of a nuclear “apocalypse,” saying the risk of nuclear war is the greatest since the Cuban Missile Crisis of 1962.
“This is the exercise that practices NATO’s nuclear strike mission with dual-capable aircraft and the B61 tactical nuclear bombs the US deploys in Europe,” wrote Hans Kristensen of the Federation of American Scientists.
The aircraft will rehearse dropping B61 “tactical” thermonuclear bombs, each of which is up to 20 times more powerful than the weapon that destroyed Hiroshima in World War II, killing as many as 126,000 civilians.
+++++++++++++++++++++++
World Socialist Web Site
US rehearses dropping nuclear bombs in Europe
Just 10 days after President Biden warned of a nuclear "apocalypse," this week's Steadfast Noon NATO exercise will simulate nuclear war.
👎1😢1