BLACKOUTS IN THE US COMING?

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Fraser921
Posts: 3026
Joined: Mon Mar 22, 2021 11:48 am

BLACKOUTS IN THE US COMING?

Post by Fraser921 »

According to a Bloomberg article, the energy crisis that’s led to electricity shortages and blackouts in Europe and Asia may be heading for the U.S. Utilities in New York and New England are warning customers to expect higher residential heating bills this winter due to surging global natural gas demand and prices. The fact is the U.S. has plenty of natural gas. The problem with high prices and potential outages is lack of pipelines to flow natural gas from where it’s extracted to where it’s used.
dan_s
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Joined: Fri Apr 23, 2010 8:22 am

Re: BLACKOUTS IN THE US COMING?

Post by dan_s »

New England (Boston) will be in the Bidding War with Europe and Asia for LNG. Because New England has refused to build natural gas pipelines that can deliver cheap natural gas from the Marcellus Shale in PA, they are forced to pay 5X more for LNG. We really do have idiots running some states in the U.S. I thank God for getting me to Texas.
Dan Steffens
Energy Prospectus Group
Fraser921
Posts: 3026
Joined: Mon Mar 22, 2021 11:48 am

Re: BLACKOUTS IN THE US COMING?

Post by Fraser921 »

Yes, and while we screw around not willing to build a pipe across NY to NE, Russia is supplying the world with a new 2000 mile pipe.
How can so few screw the citizens of the USA? Have they no shame?
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Azerbaijan, a Eurasian country at the border of Eastern Europe and western Asia, increased its production of natural gas by 36%, or more than 200 billion cubic feet (Bcf), between 2017 and 2019. In addition, a new pipeline connection, completed in October 2020, increased the country’s access to European markets, according to our analysis of Azerbaijan’s energy sector.

Much of the growth in Azerbaijan’s natural gas production was driven by the second phase of development of the Shah Deniz natural gas and condensate field. Located offshore in the Caspian Sea, Shah Deniz began production from its first development phase in 2006 and from its second phase in mid-2018. According to BP Azerbaijan, the first phase of Shah Deniz produced around 175 Bcf in the first half of 2018. In the first half of 2021, total Shah Deniz production doubled to around 350 Bcf of natural gas.

To facilitate the export of the increased production at the Shah Deniz field, several international natural gas pipelines were constructed, collectively referred to as Azerbaijan’s Southern Gas Corridor. The first section of the Southern Gas Corridor is the South Caucasus Pipeline (SCP), which connects to the Shah Deniz field and goes through Azerbaijan and neighboring Georgia to Georgia’s border with Turkey. From there, the SCP connects to the Trans-Anatolian Natural Gas Pipeline (TANAP), which sends natural gas west, through Turkey. The TANAP connects to the Trans Adriatic Pipeline (TAP) at the Turkey-Greece border and sends natural gas from there to Greece, through Albania, and to Italy.

The TAP was completed in October 2020, and commercial deliveries began on December 31, 2020. With the completion of the TAP, the total length of the three pipelines in the Southern Gas Corridor is around 2,000 miles (3,200 kilometers). According to the Southern Gas Corridor project, the TAP has the capacity to transport approximately 350 Bcf per year, the equivalent of 10 billion cubic meters (Bcm).

The increase in production at Shah Deniz and the completion of the TAP allowed for growth in Azerbaijan’s natural gas export volumes and markets. From 2017 to 2019, Azerbaijan’s natural gas exports increased by over 120 Bcf, and the majority of Azerbaijan’s exports went to Turkey and Georgia. Export volumes to Turkey and Georgia have continued to grow through the first half of 2021. In addition, with the completion of the TAP at the end of 2020, Azerbaijan began exporting natural gas to Greece and Italy and smaller volumes to Bulgaria via Greece. The TAP company announced on September 16, 2021, that around 175 Bcf (5 Bcm) of natural gas has already been delivered to Europe through the new TAP.

The Southern Gas Corridor was built to diversify the European Union’s (EU) natural gas supply and reduce the number of EU countries that have a single supply source. In 2019, more than 38% of total net natural gas imports to the 28 countries in the EU (the 27 current members plus then-member United Kingdom) came from Russia, according to Eurostat data. For EU-member Bulgaria, Russia supplied more than two-thirds of the country’s natural gas imports in 2019.
Fraser921
Posts: 3026
Joined: Mon Mar 22, 2021 11:48 am

Re: BLACKOUTS IN THE US COMING?

Post by Fraser921 »

From Putin to the EU I hope you learnt your lesson, lol :

“Russia has always been a reliable gas supplier to consumers around the world, in Europe and in Asia, and always has fully met all its obligations. I want to emphasize that.”

“Let’s think about a possible increase of the supply on the market, but we must be careful in doing so.”

“What we see now is the result of their (European) persistent actions, frankly speaking — careless at the least and with dire consequences for the market. Talking to these so-called experts was always rather difficult because they do it with a well-known portion of snobbery, their view is always right, and they never wanted to hear anything else. I hope we’ll see some corrections now.”

Russian President Vladimir Putin, Wednesday, October 6, 2021
dan_s
Posts: 34648
Joined: Fri Apr 23, 2010 8:22 am

Re: BLACKOUTS IN THE US COMING?

Post by dan_s »

Putin's brain trumps the climate change wachos in Europe, which by the way had one of the coldest winters on record last year. What happened to Global Warming? Could the Paris Climate Accord be "all about the money"? Create a FEAR and then tell citizens they need to increase taxes so they can SAVE YOU from Climate Change, yet none of the terrible stuff they say is happening ever happens.
Dan Steffens
Energy Prospectus Group
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