Natural gas prices in the U.S. are rising again! Since the war between Russia and Ukraine, Russia has stopped supplying natural gas to Western Europe, but the price of natural gas in the United States has risen steadily. On March 5, US natural gas futures surged 6% during the day to now report $5.006/million British heat.
After Russian gas stopped flowing to European countries, Ukraine also announced that it had suspended exports of gas abroad.
On March 3, the Ukrainian Gas Transport Company said that Ukraine was suspending the export of natural gas abroad. Is Ukraine shutting down Russian gas? After all, some of Russia's pipelines to Western European countries carry natural gas pass through Ukraine.
Russia's natural gas supply to the whole of Europe exceeds 40%. Ten of these countries are 100% dependent on Russian gas. After Russia stopped supplying, there was a gap in europe's use of natural gas. Without Russian gas, how can the people of Europe survive the winter?
Don't worry, the United States appeared as a hero at this time, "Russia does not supply you with natural gas from Europe, the United States comes to supply you."
A series of operations in the United States have smoothly brought natural gas to the European market. The United States has become the world's largest exporter of liquefied natural gas, which can completely replace Russia's natural gas delivery to European countries.
In January 2022, the United States successfully surpassed Australia and Qatar to become the world's largest exporter of liquefied natural gas.
Before the war between Russia and Ukraine, White House officials had said that the United States was negotiating with major energy producers and businesses to send more liquefied natural gas to Europe to make up for the gas gap that Europe might face if the situation in Ukraine escalated.
After the war between Russia and Ukraine, the U.S. gas program seems to be following the script that has been written, has been successfully implemented and is proceeding according to the previous plan, and the price is higher than that of Russia.
On the other hand, Europe can be miserable, the European Union followed the United States to severely sanction Russia, Russia stopped the supply of natural gas in Europe, resulting in a surge in the price of natural gas in Europe, making Europe bitter. Now watching the price of natural gas in the United States continue to rise, I know that the price is high and I have to buy it, after all, Europe cannot do without natural gas.
But Germany in Western Europe now seems to be a little sober, and the German economy minister warned that sanctions against Russia will have a significant impact.
Minister of Economy of Germany
Natural gas in the United States is now like a monopoly form of operation, on the surface looking at the buying and selling that you like, but in disguise it has become a strong buy and a strong sale, "I am at this price, you love to buy or not to buy, you do not buy mine, you can not buy natural gas elsewhere." ”
The United States initially instigated the European Union to sanction Russia, and in order to achieve the effect of sanctions, it bore the lead and was the first to impose severe sanctions on Russia. The European Union, seeing the us posture, also joined the ranks of sanctions against Russia. But the wool is out of the sheep, the EU sanctioned Russia, causing Russia to stop supplying natural gas to Europe, turn around, the EU was given wool by the United States.
Ukraine also abruptly stopped exporting natural gas at this time, was it the United States that stopped it? If this is the case, the United States is to consolidate the position of natural gas in Europe, "only this one sells natural gas."
Now the United States no longer has to worry about natural gas sales, with the consumption of european countries, you can sit back and wait for dollar bills to flow into the pockets of the United States.