simplesearch:


Rupee to Ruble, laughing; what do you think that will get Russia in the international market? Hope you know what happened to the Northern tomato traders when they decided to cut off supply to the South the other time, they carry out their threat and even continue to sell but the commodity became so cheap and almost useless. Once Europe hands off Russia gas, India and China will be playing chess with the commodity.

When will Europe hands off Russian gas?

Small country way no reach south east dey cap too

Ibime:


Russia cannot afford to stop supply. They have neither the place to redirect nor the storage. In market, buyer always wins.

Always? Guy you do basic economics for secondary school na. If demand outweighs supply tremendously, which entails that there's a scarcity of the said commodity, what happens to PRICE? Who wins in this kind of situation?

Igbofam:


Bottom line, they have disconnected from Russia so you can save yourself the lengthy rant

85 cubic a day consumption pulled out that's whats making you dance? Let Germany that consumes almost 9billion daily pull out first. Then we know. Peace

alabo1:


85 cubic a day consumption pulled out that's whats making you dance? Let Germany that consumes almost 9billion daily pull out first. Then we know. Peace

Enlighten yourself. Ignorance is your self inflicted disease

E say na 85 cubic a day

GardenOfGod:
The beginning of sorrow for Russia.

Others to follow suit!

See opportunity for Naija to blow!

Chaii Irresponsible leadership.

Bro you can say that again.... Naija is a cursed country... They are never positioned for success only loot loot and more loot.... Now a bigger thief wants to loot for his 10th generation

Jeferious:
Always? Guy you do basic economics for secondary school na. If demand outweighs supply tremendously, which entails that there's a scarcity of the said commodity, what happens to PRICE? Who wins in this kind of situation?

Periods of supply shock are always followed by periods of demand shock. Go and ask Buhari what happened to oil price in 1980s after the oil crisis of 1970s caused by Iran. Also ask Buhari what happened to oil price in 2015 after the record prices of 2011 to 2014 caused by the Arab Spring. Producers ramp up supply when price is high to profit, leading to a glut. The Arab Spring sparked the Shale revolution that crashed price. In summary, if you dey sell something, don't get carried away thinking you are the boss. The buyer with the greenback is always the more powerful party. The West can spend money on energy longer than an enemy can stay solvent. Putin is shooting himself in the foot with AK47. Govt is not and should not be the major source of inflows, companies should drive it, and he's shut his companies out of markets except the energy suppliers who will also be phased out long-term.

nedekid:

Oga, buttomline, no source of gas will be cheaper than Russian gas. The proximity of Russia to Europe means pipelines. Lng can never compete. Besides Russia has lng from yamal at lower shipping cost
All these is just bluster because common business sense will ensure you pay less to achieve more profit or to be competitive.
For Europe to be competitive their factories need cheaper gas. If China, India etc buys cheaper, they keep producing cheaper goods at the detriment of European and American industries. More western factories will have to move manufacturing to Asia.
It does not pay them on the long run. Germany and the likes have their economic future tied to Russian cheap accesable gas. Forget all the bluster. You can never go wrong if your price is right.
Ok, jagaban station ltd is selling at ₦165 per liter, Kanu petrol station plc is selling at ₦100 per liter. Because I don't like eg kanu, I will then go and buy from jagaban at ₦165?

Cost or no cost, not when such is a threat to national security. Russias gas or whatever has become a threat to there national security.

Aside Qatar which is willing to sell to EU states, Norway or Sweden (Im not sure of the particular one now) has a gas pipeline that can be extended through Poland to other EU States.

When EU stops buying Russias gas, they can continue to beg to sell to China and India at a discounted price while bulk of $$$ realized from such trade will be extended to loan repayment.

At that time, Russia go get sense, come begging with there knees on ground for EU to continue buying from them.

Moreover, you think Russian banks have the financial muscle to continue financing such gas trade to India and China at cheap rates without asking for help from EU and US banks?

Remember gas trades are financed with loans and with all the sanctions on Russia, they can only get loans from secondary markets making it expensive which in turn makes gas sells to China and India expensive and in turn affects cost of production in China and India.

Russia will bow. The situation doesnt favor them.

Igbofam:


With the likes of Canada, USA Iran, Nigeria, Kuwait, UAE, Saudi Arabia, Venezuela and co, Russia isn't the only Oil producer in the world they should be worried and not you

That was why I said your education is useless.
Go and read how gas is been distributed in advance nation's.
You think they can gas like you do in Lagos? You think they transport fuel on tankers over several kilometers?
So will the replace that system? even if they now chose to build storage how long do you think such will take?
i don talk am,some of una no get sense.no apoloy

Igbofam:


Enlighten yourself. Ignorance is your self inflicted disease

E say na 85 cubic a day

Please stop being ignorant. Lithuanian daily consumption is 85 cubic a day. What are you talking about and what is the relevance of what you posted to my facts? Give my contrary hard data or keep quiet.

Igbofam:
For the western propaganda pundits this news is direct from Delfi which is a major internet portal in Estonia, Latvia, and Lithuania providing daily news.

Putin puppets actually thought Europe couldn't break away from dependency on Russian gas. Well Lithuania has paved the way and shown them how it is done.

Russia has lost Lithuania and others will follow more rapidly

Na oversabi make Monkey (Russia) think say high tension cable na tree branch

Make I sit down for this fine plot of land

You know nothing educate illiterate
As big as you are ,you can't read the hand writings on the wall

Big shame

joyandfaith:
Russia will loose customers
Customers like China and India will take advantages of cheap oil from Russia and may even sell to other country. Third party trading.
Iran will start to make more oil money. More weapons for Iran. Israel should wake up, bombs are coming from Iran.
Other oil producing countries will also increase oil production. Nigeria should wake up.
European customers might have to endure for a while. European leaders will look for alternatives as soon as possible.

You know nothing educate illiterate
As big as you are ,you can't read the hand writings on the wall

Northernblood5:
Lol.

Only those that want to be doomed listens to nigerian Head slammers. The way they where hailing Putin to destruction you will think that they are reasonable.

They way they projected Russias Putin as god eeh :

Putin feeling important makes him funnier than The comedian thrashing his Army.

You know nothing educate illiterate
As big as you are ,you can't read the hand writings on the wall

Igbofam:


Lithuania appears poised to provide service to other Baltic states (Latvia and Estonia)

They have more LNG than they can use this was why the article said "others" have placed their orders.

U have less than two months left my guy....I hope u are counting...I almost forgot about u...Two months... nairaland ain't really anonymous

Hector09:
What's difference between Ukraine and Kaduna and entire North East and South East...what's happening in Ukraine is child's play compare to what's happening in Nigeria

You are right

Ibime:


Periods of supply shock are always followed by periods of demand shock. Go and ask Buhari what happened to oil price in 1980s after the oil crisis of 1970s caused by Iran. Also ask Buhari what happened to oil price in 2015 after the record prices of 2011 to 2014 caused by the Arab Spring. Producers ramp up supply when price is high to profit, leading to a glut. The Arab Spring sparked the Shale revolution that crashed price. In summary, if you dey sell something, don't get carried away thinking you are the boss. The buyer with the greenback is always the more powerful party. The West can spend money on energy longer than an enemy can stay solvent. Putin is shooting himself in the foot with AK47. Govt is not and should not be the major source of inflows, companies should drive it, and he's shut his companies out of markets except the energy suppliers who will also be phased out long-term.

Oga no dey write essay for me. You said the buyer is ALWAYS king. I pointed out certain situations where the seller would become god too. Chikena. Buhari...Shale revolution...Arab Spring.....all these ones na stories for the gods

kingjis:


You know nothing educate illiterate
As big as you are ,you can't read the hand writings on the wall

Big shame

Na Russian gas Lithuania disconnect na you e dey pain pass

You will be alright

Igbofam:


Enlighten yourself. Ignorance is your self inflicted disease

E say na 85 cubic a day

Please stop believing ignorant. What is the relevance of the data you posted now to what I said. Bottom line Lithuanian daily consumption is 85 cubic daily which is totally insignificant. Of course they can rely on LNG. Let My example Germany that consumes 8.6 billion daily opt out then I can take this seriously. I wonder if some of you even read before posting. Fine me contrary data to what I said or keep quiet

lexy2014:


It has always been a threat and it doesn't need to be classified for anyone to figure it out. The threat is that the whole europe is dependent on one man for their gas needs. That's a big threat. That's not classified

UK don't actually depend on Russia.

lexy2014:


You haven't answered the question:


Is it until now that other European countries just realised that they have to free themselves of Russian gas?

Are Europe and Russia not still business partners?

Is it now that you just remembered to ask this question?

alabo1:


Please stop being ignorant. Lithuanian daily consumption is 85 cubic a day. What are you talking about and what is the relevance of what you posted to my facts? Give my contrary hard data or keep quiet.

Read the article. Lithuania would be supplying to Estonia and Latvia as well which is why they have more than they can use. Latvia and Estonia have already placed orders for their LNG from Lithuania.

Russia lost 3 and whatever Lithuania uses shouldn't concern you. The point here is that THEY ARE FREE

Solatium:



That was why I said your education is useless.
Go and read how gas is been distributed in advance nation's.
You think they can gas like you do in Lagos? You think they transport fuel on tankers over several kilometers?
So will the replace that system? even if they now chose to build storage how long do you think such will take?
i don talk am,some of una no get sense.no apoloy

Na Russian gas Lithuania disconnect from but na you e dey pain pass

Are your ancestors from Russia?

Lithuania has built their storage which would also serve Estonia and Latvia. Rest!

Igbofam:


Na Russian gas Lithuania disconnect na you e dey pain pass

You will be alright

Keep laughing at your stupidity

kingjis:


Keep laughing at your stupidity

I am actually laughing at your pain

The thing pain you sha

rolams:


Is it now that you just remembered to ask this question?

Still doesn't answer d questions:

Is it until now that other European countries just realised that they have to free themselves of Russian gas?

Are Europe and Russia not still business partners?

Ibime:


Russia cannot afford to stop supply. They have neither the place to redirect nor the storage. In market, buyer always wins.

Keep fooling yourself,wait until Putin turn off the tap, ego shock una

Igbofam:


Na Russian gas Lithuania disconnect from but na you e dey pain pass

Are your ancestors from Russia?

Lithuania has built their storage which would also serve Estonia and Latvia. Rest!

Where will they get the gas to put in the storage?

alabo1:


Please stop believing ignorant. What is the relevance of the data you posted now to what I said. Bottom line Lithuanian daily consumption is 85 cubic daily which is totally insignificant. Of course they can rely on LNG. Let My example Germany that consumes 8.6 billion daily opt out then I can take this seriously. I wonder if some of you even read before posting. Fine me contrary data to what I said or keep quiet

Oga I am not disputing your data o

I am simply showing you that they have much more than they need now to the extent they now supply Estonia and Latvia

Now how is that for a "from grass to grace" story

lexy2014:


Still doesn't answer d questions:

Is it until now that other European countries just realised that they have to free themselves of Russian gas?

Are Europe and Russia not still business partners?

Why do you also remembered to ask this question now?

Igbofam:


Read the article. Lithuania would be supplying to Estonia and Latvia as well which is why they have more than they can use. Latvia and Estonia have already placed orders for their LNG from Lithuania.

Russia lost 3 and whatever Lithuania uses shouldn't concern you. The point here is that THEY ARE FREE

You lack comprehension so I won't bother after this. All three countries joined together do not make up to 1% of global consumption or even 1% of Russian Gas exports. I believe you did basic maths. You are talking about countries that combined do not use up to 100 cubic daily to Germany that uses 8.6 billion? It is people like you who have no clue that celebrate this when CNN posts this. Go and sleep young man

pipnator00:



Cost or no cost, not when such is a threat to national security. Russias gas or whatever has become a threat to there national security.

Aside Qatar which is willing to sell to EU states, Norway or Sweden (Im not sure of the particular one now) has a gas pipeline that can be extended through Poland to other EU States.

When EU stops buying Russias gas, they can continue to beg to sell to China and India at a discounted price while bulk of $$$ realized from such trade will be extended to loan repayment.

At that time, Russia go get sense, come begging with there knees on ground for EU to continue buying from them.

Moreover, you think Russian banks have the financial muscle to continue financing such gas trade to India and China at cheap rates without asking for help from EU and US banks?

Remember gas trades are financed with loans and with all the sanctions on Russia, they can only get loans from secondary markets making it expensive which in turn makes gas sells to China and India expensive and in turn affects cost of production in China and India.

Russia will bow. The situation doesnt favor them.

The way some of una dey talk sef...by now we expected the Russian Rouble to have less value than Iranian Rial. A whole world power go crumble like say na Burundi na? Ok O. Na you get your brain. You can imagine anything you like. Nobody go fit arrest you for that one

Igbofam:


Read the article. Lithuania would be supplying to Estonia and Latvia as well which is why they have more than they can use. Latvia and Estonia have already placed orders for their LNG from Lithuania.

Russia lost 3 and whatever Lithuania uses shouldn't concern you. The point here is that THEY ARE FREE

They are free from what? Because their consumption is small they can follow the whims of their puppet masters and payer higher and get subsidies and aid from the West to support this statement. Bottom line their loss makes no sent on Russia's inflow from Gas Sales. The major users can not afford it. Also in case you don't Pipeline Gas is 7 times cheaper than LNG. Please research on Germany's statement on Russian Gas purchases to understand that their is no sentiment in Global Geo/economic politics. Peace