Russian Oil and Gas Industry: News #3

Why is the US buying more and more fuel from Russia?, 25/11/2021.

While Washington urges its European allies to reduce its dependence on Russian energy resources and imposes sanctions on the Nord Stream 2 pipeline, the US itself urges Russia to supply more fuel and even makes the largest diesel purchase in three years. Experts on the subject explain why this trend is.

Four Russian oil tankers with a total of two million barrels of diesel fuel manufactured from natural gas left for the United States to help mitigate the energy crisis that the American country is experiencing. This is the maximum purchase of its kind since 2018, reports the Bloomberg agency citing reference data from the Vortexa tracking and analysis platform.

Russian ships should reach the US coast next week and will help contain fuel prices that have reached the highest prices in the last 7 years, the agency highlights.

"Russia is better positioned to supply diesel than other refineries in Europe because of its access to cheap natural gas," explains Clay Seigle, director of Vortexa in Houston.

Such purchases - from the US to Russia-are quite rare, analysts note. So why do you sanction trade with Russia with one hand and buy hydrocarbons and their derivatives with the other?

Imbalance between consumption and production

Although the United States is today the largest producer of oil in the world, it still produces less than it consumes: 11.4 million barrels per day against the 20 million that its economy requires.

Historically, Venezuela provided US refineries with heavy, viscous oil. After imposing sanctions on the amount from Venezuela, the US has been increasing the purchase of oil and derivatives from Russia for several years, mainly heavy fuel oil, so this purchase of diesel reflects a high level of despair, explains Alexander Frolov, deputy director of the National Energy Institute of Russia, quoted by the newspaper Vzglyad.

"The United States has lost about 20 million barrels of oil a month, which were supplied by Venezuela. This volume had to be offset by other sources. And one of these sources was Russia. It now ranks second or third, depending on the month," he explains.

First, among the suppliers of this type of hydrocarbons to the United States is Canada, which contributes half of the imports to its southern neighbor. Second place now goes to Mexico. Added to this situation is the fact that the Canadian Irving Oil refinery has been under scheduled maintenance since September and is only recently resuming production.

These factors have significantly boosted fuel prices in the US.
Frolov points out that the price of a liter of gasoline in the US is already close to one dollar, and a liter of diesel more or less the same. This is a lot and between 30 and 35 cents more expensive than the cost of diesel fuel at the beginning of the year.

"All this suggests that it is still too early to bury traditional motor fuel (...) The US refutes these 'wonderful' stories with its own example, " concludes Frolov.

Yandex Translate from Spanish

https://mundo.sputniknews.com/20211125/por-que-eeuu-compra-cada-vez-mas-combustible-desde-rusia-1118633102.html

Autodestruct wrote:Here's a good article summarizing the work being done on the Taimyr peninsula for the Vostok project.  145,000 tons of construction materials have been delivered and a 1,300 meter terminal and berth is under construction.  They estimate oil production will reach 100 million tons by 2030.

https://thebarentsobserver.com/en/industry-and-energy/2021/11/russias-biggest-oil-project-rises-coast-yenisey-bay

...cuz Oil is becoming obsolete and worthless.....  

Western greenie leftist retards.

franco wrote:Moldova Pays $74Mln Debt to Gazprom

https://sputniknews.com/20211126/moldova-paid-74mln-debt-to-gazprom-1091047274.html

Wait, Karl is about to post his apologies for being full of shit, yet again

IMHO the major value in NS2 is the pipeline geopolitics, even if its not a poltiical project at its core.  Ukropistani mouth-foaming idiocy is proof of the pudding that NS2 is going to throttle the illegal Nazi regimes funding for its military assault against the Donbass and its people, indeed the simpering clown Zelensky has openly stated that without transit fees they will no way to fund their Banderite thug army or procure equipment.  As it is, they rely on the likes of Murka and their dogs (like the Britz) to donate equipment and supplies.

I say let the process play itself out.  Let the feckless Eurotrash public freeze penniless in the dark while their corrupt sock-puppets in government play politics with their quality of life.  There will be a price to be paid for this shit, and it won't be Russia that pays it in the long run.  Russia can afford to wait, and let nature take its course - after all, they own the gas resources, and they have the advantage of nice warm homes to live in while they watch and pass the popcorn....  

Big_Gazza wrote:IMHO the major value in NS2 is the pipeline geopolitics, even if its not a poltiical project at its core.  Ukropistani mouth-foaming idiocy is proof of the pudding that NS2 is going to throttle the illegal Nazi regimes funding for its military assault against the Donbass and its people, indeed the simpering clown Zelensky has openly stated that without transit fees they will no way to fund their Banderite thug army or procure equipment.  As it is, they rely on the likes of Murka and their dogs (like the Britz) to donate equipment and supplies.

I say let the process play itself out.  Let the feckless Eurotrash public freeze penniless in the dark while their corrupt sock-puppets in government play politics with their quality of life.  There will be a price to be paid for this shit, and it won't be Russia that pays it in the long run.  Russia can afford to wait, and let nature take its course - after all, they own the gas resources, and they have the advantage of nice warm homes to live in while they watch and pass the popcorn....  

Ideally

But in reality the more destabilized the Ukraine becomes, the faster it will find a way to involve Russia in its problems whether Russia likes it or not.

flamming_python wrote:Ideally

But in reality the more destabilized the Ukraine becomes, the faster it will find a way to involve Russia in its problems whether Russia likes it or not.

The more destabilized they become, the easier it will be to defeat them without breaking sweat, either by allowing it to crumble under the weight of their own corruption or by supporting Novorossian forces. Hence why Russia is taking their sweet time to allow the rot to do its job, instead of intervening decisively.

Russia has oil reserves for 30 years, gas for 50 years — Novak, 29/11/2021.

According to Novak, despite the energy transition process, Russia is confident in the possibility of selling its oil and gas reserves.

MOSCOW, November 29. /TASS/. Russia's oil reserves will last for at least 30 years, and gas reserves for 50 years, Russian Deputy Prime Minister Alexander Novak said on Monday.

"Russia has huge oil and gas reserves. Under the current conditions and production levels, Russia’s oil reserves reach about 30 years, gas reserves - about 50 years," he said.

According to Novak, despite the energy transition process, Russia is confident in the possibility of selling its oil and gas reserves. "We believe that in the coming years these resources will be in demand in the energy markets," he stressed.

Novak said that Asia will remain the main destination for export growth. For example, oil exports to China have grown 6-fold over the past 10 years. Gas exports are also growing - their volume reached 13.4 bln cubic meters at the end of November 2021 since the beginning of the year.

https://www.rt.com/news/541582-germany-us-sanctions-nord-stream/

Germany has privately called on the US to abandon the idea of introducing sanctions against the Russian Nord Stream 2 gas pipeline project, the journal Axios reported on Sunday citing a confidential document it allegedly obtained.

The US Congress’ “unilateral action” on the project would “seriously weaken transatlantic unity on Russia,” said a ‘non-paper’ reportedly sent by Germany to Washington, according to the Virginia-based outlet. Axios published what appears to be a six-page confidential document used in closed discussions between governments.

It is unclear if the paper has had any influence on Washington. On Saturday, US media reported that President Joe Biden’s administration appears to be opposing a new batch of sanctions against the Russian project, currently going through Congress. If passed, they might hit the companies involved in the process of testing and certifying the endeavour. 

Berlin’s own position on the issue might depend on the stance of the new government about to take office there. Earlier this week, Germany’s incoming vice-chancellor and the Green Party co-leader, Robert Habeck, described the pipeline as a means of putting Ukraine under pressure and “increases the dependency of German politics.”