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Old 03-09-2024, 22:27   #2999
Pierre
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Re: Russia has invaded Ukraine

Quote:
Originally Posted by 1andrew1 View Post
That article is certainly at variance from the truth.
Is this

Quote:
From April to June, the European Union bought more than 12.7 billion cubic meters from Russia and 12.3 billion cubic meters from the United States
Not accurate?

---------- Post added at 22:27 ---------- Previous post was at 22:19 ----------

Quote:
Originally Posted by Chris View Post
There are lies, damned lies, and statistics.

This chart shows the change in natural gas imports to the EU. It’s obvious even at a cursory glance that Russian gas supply has shrunk dramatically while the US, which was always a small supplier, is one of several that has increased a little to plug the gap, although the EU’s gas consumption overall has also fallen by quite a bit.

Q2 2024 has the lowest total consumption of any quarter since Q1 2021. Russian and American supply both shrank from Q1 to Q2, but American supply shrank by slightly more.

Notwithstanding Hungary, which is the real Russian Trojan horse within the EU, and given the level of dependency European countries previously had on Russian gas, the picture does not look bad at all.



Clickable chart: https://www.bruegel.org/dataset/euro...al-gas-imports
I take your point……but why isn’t it zero?

The other sad fact is, that if Ukraine hadn’t blown up Nordstream, Germany would probably still be in the weird position of giving Ukraine tanks but still be buying Russian gas.

You can’t claim to “stand with Ukraine” and at the same time put money in Russian pockets.
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