Wednesday, March 9, 2022

Nord Stream II Natural Gas Pipe Now Completely Dead?

 Today, absolutely dead and the management company is heading toward insolvency.  

Never pumped a single bit of gas?  True.

Possible solution?  The war has to end, with probably some German restrictions put upon Russia over debt owed to the Ukraine. 

But I should bring up this issue....the Germans in the past ten days have said that it'll put into place a regulation that no more than 30-percent of the national 'need' for gas....can come from one single country.  So even if they resolve the war and fix feelings.....about one-third of the profit they anticipated....will not occur.

All of this impacting the German consumer?  Yes, without any discussion.

I would expect natural gas prices after October 2022.....to escalate even more.  

Did Putin or the Kremlin-elite ever envision this issue?  No.  The finance people are probably shaking their heads in Moscow....having to explain a big hole in the economy, and full blame goes back to Putin's Warsaw Pact mentality.    

No comments: