I did told you on previous comments (when russia announced that south stream would be diverted to Turkey), that EU making stupid moves by rejecting south stream pipes goes to hungary.
Well.. to those EU people that can see my comments. Asked your govt, "to thread carefully" on this matter.
Russia HAVE given you a veil threat. Here's the quote from that RT article:
" Moscow says it plans to stop pumping gas to Europe through Ukraine once the current transit contract expires. By that time, European consumers would have to complete necessary infrastructure to take Russian gas from Greece, or find another source, Russian officials warned."
I, the outsider (outside EU/Russia/US) ALREADY saw these statements on multiple occasions. Pay attention to this. Russia already makes a "CLEAR" threat!!
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That ukraine's gas transit contract? Expires in 2019!!http://rt.com/business/249273-gazprom-ukraine-gas-transit/http://oilprice.com/Energy/Natural-Gas/Ukraine-To-Disappear-From-EU-Energy-Picture-By-2019.html
Remember the threat Russia made to EU, essentially, "You don't want MY gas? Go find other supplier"?
My question is, WHERE do you (EU countries, except German) want to find other supplier for gas?? Qatar? Iran? US?
Qatar gas export already have 100% utilization!! (85% exported, 15% domestic uses). Where do you thinl you want to get additional export capacity??http://www.eia.gov/countries/cab.cfm?fips=qa
Iran DOESN'T have LNG export/import terminal!!http://www.eia.gov/countries/country-data.cfm?fips=ir
US still import oil & gas!! Despite so called "shale boom"!!http://en.m.wikipedia.org/wiki/United_States_energy_independence
So again, EU, where do you want to get replacements??
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Now, why Russia so confidence that it CAN absorb loss of revenue from EU countries (minus German. Cause German HAVE North Stream pipe to Russia directly!! Very smart those Germans are!).
Cause by 2019, the Chinese pipe ALREADY operated at FULL CAPACITIES!!http://rt.com/business/184176-russia-china-gas-siberian-power/http://m.asia.rbth.com/business/2014/11/13/russia_to_build_second_gas_pipeline_to_china_after_beijing_agreement_41393.html
And this India LNG gas deal would already runnings.http://in.mobile.reuters.com/article/idINKBN0JP0ZM20141211?irpc=932
So Russia ALREADY have replacement customer, should EU doesn't want its gas.
And that's WHY, Russia can makes the above threats.
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Now, again, EU people, asked your govt to thread this issue carefully.
Cause you stand to LOOSE much (in the effect of HIGHER gas price. Shipping LNG is MUCH MORE EXPENSIVE, than transport it using pipelines).
As for German's. They have the options to DOUBLE the northstream capacities (which now outputted at 55 bcm/year. However, it won't satisfy EU demand of 200 bcm/year. Hence Russia offer to make the southstream project. Which EU stupidly denied)
So, again, thread this carefully EU people..