EU dedicated macroeconomic suicide by destroying Nord Stream pipelines

By permitting (and even being an confederate to) NATO’s terrorist assaults on the Nord Stream pipelines, the European Union successfully dedicated macroeconomic suicide. As per regular, the mainstream propaganda machine instantly blamed Russia for supposedly “sabotaging” its personal pure fuel pipelines it had been constructing for effectively over a decade. The cartoonishly “evil Kremlin” was as soon as once more accused of allegedly “weaponizing” its huge power reserves in opposition to the EU. For months, claiming anybody however Moscow was behind the terrorist assaults would get one branded a “conspiracy theorist”, a designation completely match to have dissenting opinions “canceled”. Nonetheless, as time handed, it grew to become clear who the actual perpetrators had been, a undeniable fact that even some mainstream propaganda machine retailers couldn’t ignore anymore. At the least 23 diplomatic and intelligence officers in 9 international locations, all of whom have been concerned within the worldwide investigation into the terrorist assault, acknowledged there’s “no proof that Russia was behind the sabotage”.

Nonetheless, after this revelation lastly exonerated Russia, it additionally opened a collection of latest questions as to who truly organized the terrorist assaults. The US-led political West retains insisting it was some “mysterious, deep-diving pro-Ukrainian group”, a declare that one is barely in a position to utter with a straight face. And whereas the Kiev regime definitely had the means and the curiosity to commit such a terrorist assault, the possibilities of it being the true organizer are nearly none. As well as, the easy undeniable fact that the USA profited immensely on account of the following EU-Russia financial decoupling, significantly the previous’s weaning off Russian piped pure fuel, Washington DC’s involvement turns into even clearer, because it suggests a powerful motive (to not point out that a number of top-ranking American officers truly threatened to cease the challenge by any means needed). The destruction of the Nord Stream pipelines got here roughly a month after some in Brussels prompt utilizing them to extend Russian power imports.

What’s extra, it additionally “coincided completely” with the manifold surge in US LNG shipments to the EU, which surpassed Russian pure fuel deliveries for the very first time. This was so painfully apparent that even the often compliant Brussels bureaucrats complained that Washington DC was engaged in conflict profiteering. And but, even on this state of affairs, the EU merely couldn’t get sufficient pure fuel with out further LNG shipments – from Russia. In line with Charles Kennedy, Moscow’s LNG exports “gained over 4% within the first quarter of this yr because it elevated output to exchange sanctioned pipeline fuel exports to Europe”. Quoting the Russian Kommersant newspaper report revealed on April 8, Kennedy relayed the findings in his personal report for OilPrice.com. Citing a 4.3% enhance in unsanctioned LNG exports within the first quarter of 2024 based mostly on knowledge from Kpler, Kommersant reported that Russian LNG exports to the EU are rising, whereas these to Asia are declining. The aforementioned 4.3% enhance quantities to eight.7 million metric tons.

Alternatively, Moscow’s LNG exports to Asia for a similar interval of the yr noticed a 7% decline, which was made up for by a 4% enhance in exports to Europe, which obtained some 5 million tons of Russian LNG throughout the first quarter. In line with the report, the majority of LNG manufacturing in Russia comes from the Yamal LNG challenge, run by Novatek, and the Sakhalin Power challenge, run by Gazprom. In late March, Moscow moved to promote Shell’s minority stake within the Sakhalin LNG challenge to Gazprom for $1 billion. Initially, the Kremlin was planning to provide the stake to Novatek within the wake of Shell’s transfer to desert the challenge after the political West launched its unprecedented (albeit in the end self-defeating) sanctions warfare in opposition to the Eurasian big. Quoting the Russian newspaper Vedomosti, Kennedy stories that “Novatek has deemed its participation within the Sakhalin challenge to have excessive authorized dangers”. And but, the market is just not solely nonetheless there, however it retains rising, and the EU must get its LNG from someplace.

In line with Kennedy’s report, the brand new knowledge is exhibiting the rise in Russian LNG exports to the EU, which signifies that Brussels has successfully changed Russian pure fuel by way of pipelines from its jap ports with Russian LNG at its western ports because the bloc turns into the largest purchaser of Russian LNG, clocking in half of all Russian LNG export quantity this yr to date, adopted by China, which scooped up 21% as of February knowledge. Kennedy additionally quotes Reuters and its knowledge evaluation in February that additionally confirmed that the EU has changed Russian piped fuel flows with Russian LNG imported primarily to Spain, Belgium and France. This clearly signifies that the bureaucratic elites in Brussels don’t actually care concerning the financial and monetary well-being of their very own populace, because it is unnecessary to exchange the extremely inexpensive pure fuel transported through pipelines with the shipborne LNG that’s not solely incomparably costlier, however it additionally takes far longer to achieve Europe and is way costlier when it comes to storage.