Eriokanmi:
USA would begin supply from their reserves.

I see Nigeria government and oil companies smiling to the bank soon. They only cry wolves when the price per barrel drops to its lowest ebb. Yeye govt

Then it means you don't understand what is going on lol .


Low oil price currently favours Nigeria more . The higher the price , the more Nigerians will cry . Do your research

Nigeria has one of the biggest gas fields in the world. What makes u think they wouldn't just change to Nigeria or other countries?

Oghene1st:
Na them sabi. If only Russia can just stop gas supply to EU for just one week, make their people die small. Then resume supply to them. This is just to teach them a brief lesson.

obailala:
Yeah but those alternatives can't be achieved overnight. Do you know how many years it will take to complete a gas pipeline from say Nigeria to Spain? Or alternatively, do you know how many years it will take to build like 10 new LNG plants in Nigeria to cater for Europe's needs? Even if the entire European union donates money to help Nigeria complete the planned trans-saharan gas pipeline, it cant be completed in under 3 years.

Sure they'd eventually find alternatives one day, but that 'one day' isnt today, isnt tomorrow and isnt even in 5 or possibly 10 years. If Russia stops pumping gas today, it would cause a major disruption in economies across Europe; the effect on economies would be worse than the Covid effect.

how many years does it take to build gas pipelines to north Africa

Just curious because I am really interested in gas revolution in Nigeria.

Athemisia:

Which Iran? Us and Iran don't even have any formal diplomacy. No trade going on between them since 1995.

they want to ease the sanctions on Iran and use em against Russia. Read about it in the weekend.

Bizibi:
how many years does it take to build gas pipelines to north Africa

Just curious because I am really interested in gas revolution in Nigeria.

Well, I guess it could take well over 3 years, from the conceptual design to actual construction and commission. If maybe Russia is gracious enough to cut that gas supply and render the EU desperate, maybe they can provide funds and sufficient incentives to hasten the actualisation of the Trans-Saharan GP

deept:


Those ones are the real gees playing both sides, ally's with NATO and Russia. They look after themselves. There is a UGS project going on in Turkey right now where they plan to buy and store cheap russian gas in summer and sell to Europe in the winter when prices go up.

Make EU make noise peren, they allow Syrian refugees in their millions passage to Europe.

sense no go kill them

obailala:
Well, I guess it could take well over 3 years, from the conceptual design to actual construction and commission. If maybe Russia is gracious enough to cut that gas supply and render the EU desperate, maybe they can provide funds and sufficient incentives to hasten the actualisation of the Trans-Saharan GP

I know it will cost above 15billion dollars to make this happen.

The gas reserve here is wasting away

obailala:
Yeah but those alternatives can't be achieved overnight. Do you know how many years it will take to complete a gas pipeline from say Nigeria to Spain? Or alternatively, do you know how many years it will take to build like 10 new LNG plants in Nigeria to cater for Europe's needs? Even if the entire European union donates money to help Nigeria complete the planned trans-saharan gas pipeline, it cant be completed in under 3 years.

Sure they'd eventually find alternatives one day, but that 'one day' isnt today, isnt tomorrow and isnt even in 5 or possibly 10 years. If Russia stops pumping gas today, it would cause a major disruption in economies across Europe; the effect on economies would be worse than the Covid effect.

Agreed the alternative are long term ones
But some European countries like the Netherlands are already reducing their Russian gas. It's Germany that's been lazy about it.
We don't need a pipeline to Spain. Algeria already has. We just need one from Nigeria thru Niger to Algeria.

Trump warned NATO about their Europe dependant on Russia's gas but his arrogant posture won't let them hear

XYZo:


Then it means you don't understand what is going on lol .


Low oil price currently favours Nigeria more . The higher the price , the more Nigerians will cry . Do your research

Let let educate you a little. When crude price rises at the international market hun, our foreign exchange earnings become stronger and that would have a resultant effect on our currency. Again, our foreign reserve would receive a boost. However, when we import petroleum products, it would be at a higher cost and that's where subsidy comes in. However, subsidy is being paid in naira and not in foreign currency to importers and this wouldn't have any effect on our naira because we're paying in our currency. That's how it works. Subsidy payment would only increase as a result of the high crude price because it will affect refining cost overseas, vis a vis the cost of importation

NGArmyTerrorist:
Zoo govt got nothing to smile about. They can't even produce enough gas and fuel for its citizens to consume and how do you expect them to sell huge amount of gas to other countries at the expense of its citizens. Which means : her citizens will suffer more. M
Russia produces gas that is enough for its citizens and enough to export to other countries; hope you got the point now and that's why you will never see a Russian complain about Gas.

Are you aware that NLNG's 90% of gas is exported? That's why we dont have enough to consume locally. Crude per barrel is now 130usd plus. They'd rake in more money like never before. Most times, we're being restricted by OPEC benchmark just like every other members but with this development, there would be an emergency meeting at opec as speculated to raise the menchmark. The world can't afford to suffer cos of someone's stupidity. Our foreign reserves too would receive a boost just as it was when Jonathan was in power. My question is, would all these trickle down to the common man? Time shall tell

Heffalump:


Who told you. The reverse is the case in Nigeria, when oil price is on the increase we rather cry for it to come down small. Very stewwpid cantry

Lol. This is a boom for Nigeria and every energy producer globally, just like covid-19 favoured the health industry. But the yeye govt would always cry yenyenyen

Faber:
Venezuelan oil is coming in, US are on it

U tink US and Venezuela are in good terms??

SultanOfPuna:
The U.S.A invented the Wold Wide Web

They should Ban Internet from Russia

Russia without internet for a month will make Putin surrender

it us very common for a Russian to created their own www, but difficult for a USA to created natural gas.

Shittaakeem:

Bro I said this to my barber yesterday. The idiots at the helm only know how to loot. They can't think. Now watch the Arabs gain massively.

comrade, Nigerian leaders are goats.

this clearly show that all the Europe can't attack the Russian because they all heavily depending on their resources.

ayindejimmy:


Countries are already reducing their dependent on Russia's gas.

https://www.reuters.com/business/energy/what-are-europes-options-case-russian-gas-disruption-2022-02-28/

until then .....

Jackanda1:
Eastern propaganda from Putin.
The West is rich enough to afford expensive gas, i pity the poor Russians whose economy is crippling.

What is this one even saying? Do u know the deadly impact to their economy? The rich won't be exmpted in the impact too. And who u told u they don't have the poor among them?

SultanOfPuna:
The U.S.A invented the Wold Wide Web

They should Ban Internet from Russia

Russia without internet for a month will make Putin surrender

lmao.....

ray501:
More reason why russia will want to prolong the war, just wonder why keiv is yet to be capture

Cat playing with the mouse before it pounces for the final kill and gobble!!!!!

Firstcitizen:


They did not underrate Ukraine. They underrated Nato who has thousands of battle tested troops so called volunteers active and fighting in Ukraine with modern weapons. Russia is silent on this because of the implications of a wider conflict if revealed.

You just spoke what I was thinking about yesterday, that it wasn't Ukrainians doing the fighting but NATO forces pretending to be Ukrainians.

CoronaVirusPro:



Hello! Google is your friend!

The US has oil beneath its landmass. Seems you have not heard of Texas and Alaska before

LOL, reserves that can only last 36 days if withdrawn at once? Google is also your friend

Eriokanmi:
Let let educate you a little. When crude price rises at the international market hun, our foreign exchange earnings become stronger and that would have a resultant effect on our currency. Again, our foreign reserve would receive a boost. However, when we import petroleum products, it would be at a higher cost and that's where subsidy comes in. However, subsidy is being paid in naira and not in foreign currency to importers and this wouldn't have any effect on our naira because we're paying in our currency. That's how it works. Subsidy payment would only increase as a result of the high crude price because it will affect refining cost overseas, vis a vis the cost of importation

Ok let me ask you , which of these affects the common Nigerian positively ? For you , you are consigned about the Naira . Do you know that certain months late last year , subsidy gulped the total oil revenue and Nigeria recorded no profit as a result of high crude oil price ? Do you know what that means ? Soon subsidy will be removed as far as the crude price keeps increasing and Nigerians will bear the brunt .

Do you think the government isn't the one who created this artificial scarcity in other to increase pump price ?

As far as Nigerians won't allow pump price increase , subsidy will soon be gone and we will feel the full weight . Once the price of crude is more , the government spends more on all variables involved from transporting to refining, to subsidy etc.

obailala:
Yeah but those alternatives can't be achieved overnight. Do you know how many years it will take to complete a gas pipeline from say Nigeria to Spain? Or alternatively, do you know how many years it will take to build like 10 new LNG plants in Nigeria to cater for Europe's needs? Even if the entire European union donates money to help Nigeria complete the planned trans-saharan gas pipeline, it cant be completed in under 3 years.

Sure they'd eventually find alternatives one day, but that 'one day' isnt today, isnt tomorrow and isnt even in 5 or possibly 10 years. If Russia stops pumping gas today, it would cause a major disruption in economies across Europe; the effect on economies would be worse than the Covid effect.

Tell them

Bizibi:
they want to ease the sanctions on Iran and use em against Russia. Read about it in the weekend.

I don't think so... Because, Iran are already heading towards Russia for assistance for their nuclear program to be launch.

seunny4lif:

I didn’t not say US and Iran trade
USA want to use Iran to replace Russia for EU gas

Iran is more closer to Russia than EU.

Athemisia:

Iran is more closer to Russia than EU.

Yes
Iran and Russia are trading without Swift

XYZo:


Ok let me ask you , which of these affects the common Nigerian positively ? For you , you are consigned about the Naira . Do you know that certain months late last year , subsidy gulped the total oil revenue and Nigeria recorded no profit as a result of high crude oil price ? Do you know what that means ? Soon subsidy will be removed as far as the crude price keeps increasing and Nigerians will bear the brunt .

Do you think the government isn't the one who created this artificial scarcity in other to increase pump price ?

As far as Nigerians won't allow pump price increase , subsidy will soon be gone and we will feel the full weight . Once the price of crude is more , the government spends more on all variables involved from transporting to refining, to subsidy etc.

I drew some points from your post. Hope you know I'm not in support of govt cos they're only after their personal interest.

Yea, the subsidy gulped all their oil revenues because the price per barrel was infinitesimal. It was never at par with the the price of imported petroleum products which they subsidised hugely yet, government expenditure kept rising, despite the dwindling oil revenue. But now, they'd cash out big time but the masses would hardly feel the benefit.

seunny4lif:
4 French companies already cut off staff and stop production as most of the materials are from Russia
Germany government have already kicked against sanction on Russia oil because German companies need Cheap Russia gas.
Wheat already hit all time high


USA want to use Venezuela and Iran against Russia but Venezuela want USA and UK to return all their money and gold first
Things are going crazy now

iran will never forget or forgive all the US attacks against them,first!the downing of their civilian aircraft which claimed alot of iranians,the killing of their generals and the attacks on their forces in syria, should russia calls for their help,they will deliver without hesitation

ray501:
More reason why russia will want to prolong the war, just wonder why keiv is yet to be capture

Same thought here.

I think Rusia would have overrun the whole of Ukraine if that's their real intention.

Lots of game is being played here.

CoronaVirusPro:
Biden is going to Saudi Arabia already. The market will be flooded anytime soon.

Talks ongoing with Iran also.

Y`all should stop making it look like other countries don't have what Russia has.

Pure ignorance at its best. Joe do you expect Saudi Arabia to agree to US demands to flood the market with oil when they're benefiting hugely from the rise in prices? Use your sense.

Negotiating with Iran whom they have sanctioned for many years will not work because Iran knows and have tasted trechery in the hands of a diabolic US led west. It's time to pay them back in their own coin.

efficiencie:


Venezuela? Crony of Russia? Dey dia dey mumu unasef. Someone mentioned Saudi, Iran etc like these countries mumu like una country. Why did Germany and US go to Russia to buy in the first place? Was it not because of OPEC's decision to tighten the noose on production in order to raise the prices? Why did EU accept Nord stream 2 that will allow Russia send oil to Germany? Trump told these EU fools that it would backfire and they didn't listen. You ppl should stop analysing nonsense. US and EU just screwed themselves over badly. Inflation in the US will enter and remain double digits for a long time if they don't reverse the course of Joe Biden.

You're wasting your time educating ignoramuses. It's foolishness when someone thinks that Maduro would listen to the US after they tried to kill him four times, and sanctioned his country for years. Only ediots blind to US imperialisms think this way because to them, whatever the US does is immutable.

Same ediots expect Saudi Arabia to pump more oil into the market when they're reaping big from the rise in current prices. Same ediots expect Iran to turn around suddenly and started loving and serving US interest after years of suffering immense sanctions and dehumanizing treatments from the west.

These are the types of people wired to die with their eyes wide opened.

Pathetic.

toxtimmy:
Russia has it's own internet... They can't cut off russia from internet else how would they pay for the gas they seriously need?... you may ask what have internet got to do with payment for oil?... that's your homework for tomorrow and hopefully you can educate others.

The way those guys think at times is appalling.