According to the American edition of Business Insider, with a very solid reference in this particular case to an analytical note by Bank of America, which previously characterized the situation in the energy markets of Europe as “bad”, this trend has changed somewhat.
And from just "bad" the situation in the energy markets of Europe is now becoming "terrible".
Blame, incidentally, Bank of America analysts in what is happening, of course, Russia.
But this, excuse me, has already been chewed on: no one, including in Russia, is already very interested in whom exactly the American investment institutions are going to shift the blame for the upcoming catastrophe.
Although the reasons for the first gas, and now a full-fledged energy crisis in Europe are quite obvious.
And it began not only before the Russian NWO on the territory of the former Republic of Ukraine, but even before Germany's refusal to certify the Nord Stream 2 gas pipeline, which was completely ready for launch.
And here you don’t have to invent anything - just compare the gradual refusal of the countries of Europe under pressure from London and Brussels from the oil price formula and the dynamics of the movement of gas prices formed from this very moment by financial speculators in London, on the ICE exchange.
Something else is more important here.
First, such attempts to lay straws under the economic and political consequences of the European energy catastrophe show, first of all, that institutions like Bank of America, already completely stubborn in their economic ideology, consider this most impending catastrophe to be virtually inevitable.
And secondly, in such publications as Business Insider, the sudden interest in this issue is associated solely with those (quite, by the way, pragmatic) considerations that, unfortunately, the matter will not be limited to Europe alone.
Because an economic cataclysm of this magnitude is unlikely to pass without a trace for the entire global economy.
With such a fall on your face into a puddle, and even with such a mass of a falling body, believe me, it’s simply impossible not to splash the entire surrounding (at least “global Western”) world, even purely technically.
Yes, and we, in general, will also, of course, get it, although not so shockingly.
But more on that below.
For now, let's just pay attention to the first actual signs of the transition of the European gas crisis to the global level, separately noting that this is not even a forecast, but a completely accomplished fact.
Now let's try to explain what is called, on the fingers.
Since Nord Stream 2 is still an absolute taboo for the ruling German semi-green coalition, Siemens has not returned the turbine for the first Nord Stream to Gazprom and the problems have not gone away either on Groningen or on the Norwegian shelf, and Algeria and Morocco have a cabal in any way does not end, and UGS facilities still need to be filled somehow, the rich EU countries have not found anything smarter than simply, as the senior overseas partners initially ordered, to rely on LNG.
And this is no longer the case, by the way, it is important that it be “correct democratic shale gas”: at present, American and Russian LNG producers are sawing European markets among themselves in some truly amazing and touching unanimity.
At least back in the first quarter, LNG imports to the EU, judging by the official information of the European Commission, increased by 72%, to 30 billion cubic meters.
At the same time, the main supplier, of course, is the United States - for which, in fact, they fought.
But in second place and quite with similar indicators, sorry, Russia.
Although the Russian Federation is sanctioned, it is still a newcomer to the global LNG markets by historical standards.
There's something else worse.
Our European colleagues, using such methods, somehow lose sight of the fact that in a scarce market, competition is always not between producers, but between consumers.
And when European concerns enter the markets with an offer to repurchase LNG intended for third countries at a price roughly comparable to $2,000 per 1,000 cubic meters, this, of course, causes a panic increase in LNG prices in the countries of Southeast Asia. East Asia.
And it is by no means accidental that Japan completely refuses (even with a stuffed animal, even with a carcass) to withdraw from the now Russian, and not international (after the relevant decrees of Putin) Sakhalin-1 and Sakhalin-2 projects.
Absolutely healthy national egoism.
For the Japanese have money, and enough, including to compete with the Europeans.
The same goes for South Korea.
who is also doing well financially.
But with liquefied gas in the world markets, there is some purely physical, and by no means financial, deficit.
In a word, the EU is now once again demonstrating to the world what “Western solidarity” really looks like.
This, excuse me, is a typical chicken coop law: shove harder than the neighbor, shit on the head of the bottom one.
In principle, we have already observed something similar.
And more recently, at the previous round of the gas crisis in Europe, last fall.
Now just imagine what this unwritten beauty can result in (if no truly drastic measures are taken on the Old Continent) in the coming winter.
Well, if almost guaranteed you can not cope with the situation - it's time to appoint the perpetrators.
In addition, the Russians have already been appointed these most guilty.
And quite a long time ago.
What, in fact, the American publication, with reference to an analytical note by Bank of America, is now doing.
Normal, in general, the topic.
The costs of slowly ending globalization: before giving in to slippers, we need some more time, sorry for the slang, to hedge risks as much as possible - at least in the information space.
And then cut off the tails.
And there is only one problem: globalization, as it turns out, as a natural economic process, turned out to be much deeper than globalization as an instrument of purely Western control and domination.
There is no need to invent anything here, just look at the current problems with global logistics, because of which regional economies suffer so much.
Moreover, even technological chains are torn in the most unexpected places for these economies.
And our former friends from the EU could at least ask their Australian partners how their natives look like an ancient boomerang military weapon.
So, in the economy it looks about the same.
Speaking of Australia.
Australia here, among other things, is also an excellent example: this country, as one of the largest players in the world LNG markets, not so long ago officially announced that, in order to protect the domestic market, it intends not only not to increase, but even significantly reduce its very significant export supplies.
Yes, Australia practically does not supply LNG to Europe - they have slightly different markets.
But given the fact that the gas crisis in Europe has now reached the global level, as well as the sharply increasing shortage in the LNG markets in Southeast Asia, we are waiting with interest for its reaction to what is happening.
As for us, we are right now redirecting our energy flows to Asian and other markets.
And right now, we are developing domestic markets with all our might: the famous “Putin's gasification” has not yet been canceled either.
And the point here is not at all that we are afraid that Europe will be able to turn on the promised austerity regime and gradually abandon the totalitarian Russian gas.
With existing trends, European markets can fall off on their own: if, say, European industry stands up, then demand will also fall.
And in the current circumstances, it would be somewhat imprudent to exclude such a development of events.
Of course, I don't really want to believe this.
Because continental Old Europe, among other things, is also our traditional markets.
But it cannot be ruled out.
The point of view of the author may not coincide with the position of the editors.