[BostonCard]

The country that is really in worse shape is Bulgaria, as they didn't prepare for this. They have gas for one month in storage. They will have to scramble for the rest. They have no LNG terminals, and even if they did it would be in the Black Sea which right now is a shipping risk. There is traffic but the further north you go it really thins out. Greece is their best bet, but there is no pipeline in place, at least that anybody is talking about.

UPDATE: Yes, Bulgaria will have a pipeline before winter, hopefully much before.
https://www.yahoo.com/news/gas-pipeline-...06779.html

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[tweet]https://twitter.com/katerinasokou/status/1519365566431117313?s=21&t=CoFHAYM3gnw5fqDB6nJkjQ[/tweet]

I think whatever happens in Ukraine, Russia has really hurt its long term interests.  Having seen up close the risks of relying on Russian natural gas, over the next few years, Europe is going to pivot hard away from natural gas generally and Russian gas specifically.  It will be a good deal for China, but it is a long, long way away to pipe gas from Russia’s Northwest to China.

BC

[BostonCard]

The country that is really in worse shape is Bulgaria, as they didn't prepare for this. They have gas for one month in storage. They will have to scramble for the rest. They have no LNG terminals, and even if they did it would be in the Black Sea which right now is a shipping risk. There is traffic but the further north you go it really thins out. Greece is their best bet, but there is no pipeline in place, at least that anybody is talking about.

UPDATE: Yes, Bulgaria will have a pipeline before winter, hopefully much before.
https://www.yahoo.com/news/gas-pipeline-...06779.html

---

[tweet]https://twitter.com/katerinasokou/status/1519365566431117313?s=21&t=CoFHAYM3gnw5fqDB6nJkjQ[/tweet]

I think whatever happens in Ukraine, Russia has really hurt its long term interests.  Having seen up close the risks of relying on Russian natural gas, over the next few years, Europe is going to pivot hard away from natural gas generally and Russian gas specifically.  It will be a good deal for China, but it is a long, long way away to pipe gas from Russia’s Northwest to China.

BC