Discover and read the best of Twitter Threads about #Russia_Gas
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#Russia_Gas: The EU may not buy gas from Russia's pipelines (except Hungary), but it increased its purchase of Russian LNG by more than 45% this year, especially when Russia cut off supplies (last time to Italy). This means that gas export revenues to Russia⤵️
are not really interrupted. Furthermore, it shows that liquidity in the LNG market must be increased by other producers (Qatar etc.) to reduce the need for imports from Russia.⤵️
LNG production (30 million metric tons per year in 2021) will be high on Russia's list of energy priorities to diversify risks from sanctions and maintain a large share of the global market (which will decline by 2030). 
#Russia_Gas: LNG producer Novatek seeks to partner with Green Energy Solutions of the United Arab Emirates (UAE) to supply the technology needed for further development of Arctic LNG 2. The Emirati company is supposed to replace the French, Italian and American companies, which⤵️
ceased operations in Russia. due to sanctions. LNG production on Arctic 2 is delayed by at least a year, with online production not due until the end of 2023. The Emirati company will be based in Abu Dhabi (not Dubai), showing close ties to the political elite of UAE.⤵️
This is yet another attempt to circumvent sanctions by seeking substitutes from non-Western companies.
