It's not anything to panic about, but I noticed this off N-TV (German commercial news) this AM....that around a week ago, the Russians trimmed off their natural gas pipeline flow into Germany.
What this means in the flow of natural gas?
Well....Poland actually gets a good bit of it's gas off a German distributor, who buys it off the Russians. If there is no flow to the Germans.....there's nothing much to sell to Poland.
Reasons for this flow issue? Well....this gets down to several, and none really make that much sense, unless the true aim was to get the Germans moving toward approval of the Nord Stream II pipeline. Paperwork-wise? It's just sitting there....no one is aggressively working via the Germans to make it operational.
This also leading to longer-term contracts? I would tend to agree with that....the Russians would probably like to have a guaranteed profit laid out.
Creating a panic? No. There are enough alternate sources to make it through the remainder of the winter. But if this were a permanent method of handling natural gas....it'd be a different story.
Hurting the ultra-wealthy class in Russia? Yeah.....I'm guessing they are sitting there and generally expect Euro to flow in, and this is a bit disturbing.
No comments:
Post a Comment