• 4 minutes Europeans and Americans are beginning to see the results of depending on renewables.
  • 7 minutes Is China Rising or Falling? Has it Enraged the World and Lost its Way? How is their Economy Doing?
  • 13 minutes NordStream2
  • 3 hours Monday 9/13 - "High Natural Gas Prices Today Will Send U.S. Production Soaring Next Year" by Irina Slav
  • 2 hours California to ban gasoline for lawn mowers, chain saws, leaf blowers, off road equipment, etc.
  • 12 mins GREEN NEW DEAL = BLIZZARD OF LIES
  • 3 hours "Here is The Hidden $150 Trillion Agenda Behind The "Crusade" Against Climate Change" - Zero Hedge re: Bank of America REPORT
  • 4 days "A Very Predictable Global Energy Crisis" by Irina Slav --- MUST READ
  • 2 days U.S. : Employers Can Buy Retirement Security for $2.64 an Hour
  • 2 days Nord Stream - US/German consultations
  • 4 days An Indian Opinion on What is Going on in China
  • 408 days Class Act: Bet You've Never Seen A President Do This.
  • 4 days Can Technology Keep Coal Plants Alive and Well?
  • 2 days Australia sues Neoen for lack of power from its Tesla battery
  • 1 day Forecasts for Natural Gas
  • 4 days Storage of gas cylinders
  • 5 days Two Good and Plausible Ideas about Saving Water and Redirecting it to Where it is Needed.
Ross McCracken

Ross McCracken

Ross is an energy analyst, writer and consultant who was previously the Managing Editor of Platts Energy Economist

More Info

The Great Power Politics Behind Nord Stream II

Nord Stream II is proving to be one of the most politically contentious pipelines of all time. The project is making gradual progress, but remains vulnerable to the fragile state of the EU-Russian energy relationship. This took another body blow November 25 with the Russian seizure of two Ukrainian gunboats and a tug boat by force in the Kerch Strait, which links the Black and Azov Seas.

The significance of Nord Stream II goes far beyond the volumes of gas it will carry. By forming a critical element of Russia’s ambitious plans to bypass the Soviet-built Ukrainian Gas Transmission System (GTS), it will potentially leave a power vacuum in the heart of central Europe, and nature, as the saying goes, abhors a vacuum.

US President Donald Trump has waded into the debate, arguing that Nord Stream II will make Europe, and Germany in particular, ever more dependent on Russian gas. Trump advocates US LNG as an alternative.

Pipeline economics

However, both Russia’s ability to circumvent the Ukrainian GTS and Trump’s ambitions for US LNG may be over-stated.

In Europe, LNG provides a price ceiling for, rather than competition to, Russian pipeline imports. Volumes of the latter have risen in the last two years to record levels at peak demand times. In contrast, Europe’s LNG terminals saw utilisation rates of just 27% on average in 2017, up from 25% in 2016.

So unimpressed is Germany with LNG that it has yet to construct its first…




EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News