Pubblicato in: Banche Centrali, Devoluzione socialismo, Problemia Energetici, Stati Uniti

Usa. 20 milioni di famiglie non pagano le bollette e sono staccati dalla corrente.

Giuseppe Sandro Mela.

2022-08-27.

2022-08-26__ 20 Million US Homes Are Behind on Energy Bills 001

«People on the bottom, they can’t pay their electricity bills»

«Le famiglie in difficoltà non riescono a pagare le bollette della elettricità»

I media di regime possono dire e scrivere ciò che vogliono, mentendo, ma la dura realtà è che 20 milioni di famiglie sono nei triboli non avendo i mezzi per pagare le bollette della corrente elettrica e vengono staccati dal servizio.

* * * * * * *

Almeno 20 milioni di famiglie, ovvero circa 1 famiglia americana su 6, sono in ritardo con le bollette dell’energia elettrica a causa dell’impennata dei prezzi dell’elettricità che ha scatenato quella che si dice essere la peggiore crisi di sempre nei ritardi di pagamento delle utenze.

La Neada (National Energy Assistance Directors Association) ha dichiarato che i prezzi dell’elettricità sono aumentati in modo significativo dal 2020, dopo un decennio di stagnazione. Il forte aumento ha portato a miliardi di dollari di bollette scadute.  L’inflazione dell’elettricità è alimentata dall’impennata dei costi dei combustibili fossili, come il gas naturale, il carbone e il petrolio. Il gas naturale alimenta circa il 40% della rete elettrica statunitense e martedì è salito ai livelli più alti dal 2008.

L’elettricità continua a salire a un ritmo vertiginoso del 30% su base annua. [Neada] ha avvertito di uno tsunami di interruzioni di corrente mentre l’inflazione più alta degli ultimi quarant’anni divora i salari e ha devastato finanziariamente i lavoratori poveri. [Essa[ Ha ricevuto un ultimo avviso dalla compagnia elettrica Xcel Energy Inc. che ha staccato la elettricità al suo monolocale di Minneapolis mentre le temperature si avvicinavano alle tre cifre. Le spese per le utenze sono raddoppiate nell’ultimo anno, mentre i prezzi di cibo, alloggio e gas sono saliti alle stelle.

* * * * * * *

«At least 20 million households — or about 1 in 6 American homes — are behind on their power bills as soaring electricity prices spark what is said to be the worst-ever crisis in late utility payments»

«Neada (National Energy Assistance Directors Association) said electricity prices had increased significantly since 2020 after a decade of stagnation. The steep rise has resulted in billions of dollars in overdue power bills. 

Electricity inflation is being propelled by soaring costs of fossil fuels, such as natural gas, coal, and petroleum. NatGas fuels about 40% of the US power grid and soared to the highest levels since 2008 on Tuesday.»

«Electricity continues to rise to a blistering 30% year on year. Warned of a tsunami of shutoff as the highest inflation in forty years eats away wages and has financially devastated the working poor. [She] received a final notice from power company Xcel Energy Inc., who turned off the electricity to her studio apartment in Minneapolis as temperatures approached near triple digits. Utility expenses that have doubled over the past year as food, shelter, and gas prices have also skyrocketed.»

* * * * * * *


A ‘Tsunami of Shutoffs’: 20 Million US Homes Are Behind on Energy Bills

“Tsunami Of Shutoffs”: 20 Million US Homes Are Behind On Power Bills

At least 20 million households — or about 1 in 6 American homes — are behind on their power bills as soaring electricity prices spark what is said to be the worst-ever crisis in late utility payments, according to Bloomberg, citing data from the National Energy Assistance Directors Association (Neada).

Neada said electricity prices had increased significantly since 2020 after a decade of stagnation. The steep rise has resulted in billions of dollars in overdue power bills.  

Electricity inflation is being propelled by soaring costs of fossil fuels, such as natural gas, coal, and petroleum.

NatGas fuels about 40% of the US power grid and soared to the highest levels since 2008 on Tuesday. 

The chart below shows for the two decades, real electricity prices were relatively flat, except for the commodity boom times around the 2008 GFC. Now CPI less energy has peaked, though electricity continues to rise to a blistering 30% y

year on year. 

Jean Su, a senior attorney at the Center for Biological Diversity, which tracks utility disconnections across the US, warned of a “tsunami of shutoff” as the highest inflation in forty years eats away wages and has financially devastated the working poor.  

Adrienne Nice is one of those struggling Americans who is more than $3,000 behind on utility bills. Last month, she received a “final notice” from power company Xcel Energy Inc., who turned off the electricity to her studio apartment in Minneapolis as temperatures approached near triple digits. 

Nice found it near impossible to save money for utility expenses that have doubled over the past year as food, shelter, and gas prices have also skyrocketed. Her low-paying job as a housecleaner has left her in energy poverty. 

Readers know that low-tier consumers are financially tapped out. They’ve maxed out credit cards, depleted savings, and have seen wage gains wiped out due to inflation. It comes as no surprise the US is becoming more like Europe, where energy poverty has doomed millions of households. 

It’s only a matter of time before the Biden administration starts handing out stimmy checks for electricity bills. 

Pubblicato in: Devoluzione socialismo, Materie Prime, Problemia Energetici

Italia. Primo trimestre 2022. Importati 18,698 milioni metri cubi contro i 17,277 del 2021.

Giuseppe Sandro Mela.

2022-07-30.

2022-07-27__ Italia Gas Primo Trimestre 2022

Nel mese di marzo la domanda è cresciuta del 4,1% sullo stesso mese del 2021.

Le scorte sono scese invece di -6,765 mmc, con un decremento del -4.21% anno su anno.

* * * * * * *


Consumi gas in Italia nel primo trimestre 2022: cala l’import dalla Russia

Tra gennaio e marzo la domanda di metano cresce dell’1,2%. Scende l’importazione del gas russo del 19,7%, con 1,4 mld di mc in meno, sopperita dall’aumento nell’utilizzo delle scorte, dal Tap, dall’import del Nord Europa e un po’ dal Gnl.

I primi tre mesi del 2022 sono stati importanti per la questione gas a causa del rincaro dei prezzi della seconda metà del 2021 e per l’invasione dell’Ucraina dal 24 febbraio.

Vediamo allora come sono andati i consumi di metano nel nostro paese secondo i dati forniti dal MiSE-DGSAIE.

Nel mese di marzo la domanda è cresciuta del 4,1% sullo stesso mese del 2021, con quasi 8 miliardi di mc consumati, di cui 6,7 circa importati. Dalla Russia sono arrivati 2,3 mld mc, così come nel marzo 2021 (mentre a febbraio si registrava una diminuzione del 18,7% dell’import da Mosca). Scarsa anche a marzo la produzione nazionale (appena 280 milioni di mc), ma con un export piuttosto elevato rispetto al normale e una crescita significativa nell’utilizzo delle scorte.

Le importazioni di gas naturale nel primo trimestre 2022 crescono dell’8,2% sul periodo gennaio-marzo 2021, circa 1,4 mld mc in più.

Nel complesso del periodo gennaio-marzo 2022 le importazioni dalla Russia calano del 19,7%, all’incirca della stessa quantità dell’import totale di gas estero (-1,36 mld mc), a fronte di un aumento della domanda dell’1,2%.

Diventa primo fornitore di questo inizio anno, sebbene di poco, l’Algeria (5,6 mld di mc) che copre il 30,1% dell’import, peraltro più che raddoppiato rispetto al primo trimestre del 2020, mentre la Russia scende al 29,6%.

Risale fortemente la fornitura dal Nord Europa (+249%), da dove sono arrivati nel primo trimestre 1,3 mld mc di gas in più rispetto allo stesso periodo 2021.

In diminuzione del 44% l’import dalla Libia da cui è arrivato in tre mesi solo mezzo miliardo di metri cubi.

Dal gasdotto che arriva in Puglia, il Tap, sono arrivati 2,3 mld di mc di metano provenienti dai giacimenti dell’Azerbaijan; nel primo trimestre questo gas ha rappresentato il 12,3% dell’import del periodo (era il 5,5% lo scorso anno) e il 9,1% della richiesta del paese. La capacità di trasporto del Tap è di 10 miliardi di metri cubi ogni anno.

Nel complesso si registra un incremento del gas importato dai terminal GNL: si tratta però di soli 767 milioni di mc in più rispetto allo stesso periodo del 2021; nel complesso i circa 3 mld di mc di gas liquefatto costituiscono l’11,8% della domanda nazionale del trimestre.

La produzione nazionale scende ancora: -12,1% sul 2021. Nel primo trimestre rappresenterebbe appena il 3,2% della domanda nazionale.

Secondo fonte Snam il flusso di gas dalla Russia nel mese di aprile in entrata al punto di Tarvisio è stato regolare, probabilmente solo in leggero calo rispetto allo scorso anno, quando si era attestato nel mese intorno a 2,6 mld di mc.

Pubblicato in: Devoluzione socialismo, Materie Prime, Problemia Energetici

Germania. Blocco del gas russo. Effetto domino dei fallimenti. Implosione della Germania.

Giuseppe Sandro Mela.

2022-07-11.

Germania 001

Si stanno propalando fiumi di parole per esprimere un concetto di rara semplicità.

Nel caso di un blocco russo all’export del gas naturale la Germania fallirebbe e scomparirebbe.

* * * * * * *

Ulteriori tagli al gas sarebbero logici nella ‘guerra economica’ di Putin.

I prezzi elevati del gas naturale rischiano di creare un effetto domino.

La Germania dovrebbe prepararsi a tagli più profondi nelle forniture di gas russo perché il presidente Vladimir Putin sta perseguendo una strategia consapevole di far salire i prezzi per minare l’unità europea.

Non abbiamo a che fare con decisioni erratiche ma con una guerra economica, completamente razionale e molto chiara.

Dopo una riduzione del 60%, la successiva segue logicamente.

I leader tedeschi stanno intensificando gli avvertimenti di imminenti turbolenze e carenze di gas naturale nella più grande economia europea, che dipende dalla Russia per circa un terzo della sua energia.

Le aziende tedesche sono a rischio di fallimenti a cascata che potrebbero richiedere l’attivazione di una clausola legale che consentirebbe loro di trasferire gli aumenti di prezzo al di fuori degli impegni contrattuali.

Se una società dovesse fallire, o altre società dovessero fallire, sarebbe come un effetto domino che porterebbe molto rapidamente a una profonda recessione.

La Germania ha sollevato dubbi sul fatto che Nord Stream riprenderà le forniture dopo tale evento.

L’obiettivo della Russia è mantenere alti i prezzi dell’energia e distruggere l’unità e la solidarietà del Paese.

Il razionamento del gas presenta delle sfide perché la rete spesso non è separata tra clienti residenziali e commerciali.

Se una fabbrica è collegata alla rete del gas e un’intera parte della città è collegata ad essa, allora questa fabbrica non può essere tolta dalla rete.

* * * * * * *

«Further gas cuts would be logical in Putin ‘economic warfare’»

«High natural-gas prices risk creating domino effect»

«Germany should prepare for deeper cuts in Russian gas supplies because President Vladimir Putin is pursuing a conscious strategy of driving up prices to undermine European unity»

«We aren’t dealing with erratic decisions but with economic warfare, completely rational and very clear»

«After a 60% reduction, the next one logically follows»

«German leaders are stepping up warnings of impending turmoil and natural-gas shortages in Europe’s biggest economy, which relies on Russia for about one-third of its energy»

«German utilities are at risk of cascading failures that might require activating a legal clause that would allow them to pass on price increases outside of contract commitments»

«If one company were to fail, or other companies were to fail, it’s like a domino effect that would very quickly lead into a deep recession»

«Germany has raised doubts that Nord Stream will resume supply after that»

«Russia’s goal is to keep energy prices high and destroy the unity and solidarity of the country»

«Gas rationing presents challenges because the grid often isn’t separated between residential and commercial customers»

«If a factory is connected to the gas network and a whole part of the city is connected to it, then this factory can’t be taken out of the network»

* * * * * * *


Business Germany Risks a Cascade of Utility Failures, Economy Chief Says

– Further gas cuts would be logical in Putin ‘economic warfare’

– High natural-gas prices risk creating domino effect: Habeck

* * * * * * *

Germany should prepare for deeper cuts in Russian gas supplies because President Vladimir Putin is pursuing a conscious strategy of driving up prices to undermine European unity, Economy Minister Robert Habeck said.

“We aren’t dealing with erratic decisions but with economic warfare, completely rational and very clear,” Habeck, the deputy chancellor in Olaf Scholz’s government, said Saturday on a panel. “After a 60% reduction, the next one logically follows.”

German leaders are stepping up warnings of impending turmoil and natural-gas shortages in Europe’s biggest economy, which relies on Russia for about one-third of its energy. Putin has gradually reduced supplies after European countries imposed sanctions in response to Russia’s invasion of Ukraine.

German utilities are at risk of cascading failures that might require activating a legal clause that would allow them to pass on price increases outside of contract commitments, Habeck said.  

Germany has refrained from activating the measure for now because it would lead to an “immediate price explosion” for consumers, he said at an event sponsored by the Die Zeit weekly. The government is working on an alternative, he said, without elaborating. 

“If one company were to fail, or other companies were to fail, it’s like a domino effect that would very quickly lead into a deep recession,” he said.

European energy companies are facing a squeeze after Russia curbed flows on a key gas link earlier this month, forcing utilities to buy fuel on the spot market at elevated prices. High power prices are increasingly prompting German factories and businesses to curb demand and the government has activated the second stage of a three-stage gas emergency plan. 

Russia has reduced shipments through Nord Stream by 60% and the pipeline is scheduled for a full shutdown this month for maintenance. Germany has raised doubts that Nord Stream will resume supply after that.

Russia’s goal is to keep energy prices high and “destroy the unity and solidarity of the country,” Habeck said.

Germany’s government and energy giant Uniper SE are discussing stabilization measures. Finance Minister Christian Lindner said any additional government assistance would be in the form of a loan guarantee.

Gas rationing — if it came to that — presents challenges because the grid often isn’t separated between residential and commercial customers, Habeck said.

If a factory is connected to the gas network and a whole part of the city is connected to it, then this factory can’t be taken out of the network. 

“That will probably then be regulated at the expense of the factories that are not connected to a mixed network,” Habeck said. 

Household customers in Germany are protected by law from gas shutoffs.

Pubblicato in: Devoluzione socialismo, Materie Prime, Problemia Energetici, Stati Uniti

Usa. Società elettriche a corto di combustibili e pezzi di ricambio. Giganteschi blackout in arrivo.

Giuseppe Sandro Mela.

2022-07-10.

Morte. Trionfo della Morte. Palermo. 001

Il problema non è il prezzo. Il problema è che sono introvabili.

Non è nemmeno problema di speculazione o che nessuno voglia vendere.

Ripetiamo per chiarezza.

Le industrie elettriche americane hanno scorte minime di combustibili e pezzi di ricambio, introvabili a qualsiasi prezzo si voglia. Come l’acqua in un deserto arido. Prepariamoci a giganteschi blackout.

* * *

«They are also having a tougher time rebuilding natural gas stockpiles for next winter as power generators burn record amounts of gas following the shutdown of dozens of coal plants in recent years»

«Inoltre, è più difficile ricostruire le scorte di gas naturale per il prossimo inverno, dato che i produttori di energia elettrica bruciano quantità record di gas dopo la chiusura di decine di impianti a carbone negli ultimi anni»

* * * * * * *

Le compagnie elettriche statunitensi stanno affrontando una crisi di approvvigionamento che potrebbe ostacolare la loro capacità di tenere le luci accese mentre la nazione si avvia verso il caldo dell’estate e il picco della stagione degli uragani.

L’utilizzo di energia elettrica da parte dei consumatori dovrebbe raggiungere i massimi storici quest’estate, il che potrebbe mettere a dura prova le reti elettriche in un momento in cui le agenzie federali avvertono che il clima potrebbe creare problemi di affidabilità.

I servizi di pubblica utilità avvertono che le attrezzature sono limitate, il che potrebbe ostacolare gli sforzi per ripristinare l’energia elettrica durante le interruzioni.

Inoltre, è sempre più difficile ricostruire le scorte di gas naturale per il prossimo inverno, dato che i produttori di energia elettrica bruciano quantità record di gas dopo la chiusura di decine di impianti a carbone negli ultimi anni e l’estrema siccità riduce le forniture di energia idroelettrica in molti Stati occidentali

“I sempre più frequenti colpi di freddo, le ondate di calore, la siccità e le grandi tempeste continuano a mettere a dura prova la capacità dell’infrastruttura elettrica nazionale di fornire ai consumatori energia affidabile e a prezzi accessibili.

Non si vuole esaurire le proprie scorte perché non si sa quando arriverà la tempesta, ma si sa che sta arrivando

Alcune società di servizi si trovano ad affrontare tempi di attesa di oltre un anno per i componenti dei trasformatori.

L’estate è appena iniziata, ma quest’anno il clima negli Stati Uniti è già stato più caldo del 21% rispetto alla norma trentennale.

Se ci sono giorni consecutivi di caldo a 100 gradi, i trasformatori a palo iniziano a scoppiare come i Rice Krispies e non avremmo la scorta necessaria per sostituirli.

Inoltre, è più difficile ricostruire le scorte di gas naturale per il prossimo inverno, dato che i produttori di energia elettrica bruciano quantità record di gas dopo la chiusura di decine di impianti a carbone negli ultimi anni.

* * * * * * *

«U.S. power companies are facing supply crunches that may hamper their ability to keep the lights on as the nation heads into the heat of summer and the peak hurricane season»

«Consumer power use is expected to hit all-time highs this summer, which could strain electric grids at a time when federal agencies are warning the weather could pose reliability issues»

«Utilities are warning of supply constraints for equipment, which could hamper efforts to restore power during outages»

«They are also having a tougher time rebuilding natural gas stockpiles for next winter as power generators burn record amounts of gas following the shutdown of dozens of coal plants in recent years and extreme drought cuts hydropower supplies in many Western states»

«Increasingly frequent cold snaps, heat waves, drought and major storms continue to challenge the ability of our nation’s electric infrastructure to deliver reliable affordable energy to consumers»

«You don’t want to deplete your inventory because you don’t know when that storm is coming, but you know it’s coming»

«Some utilities are facing waiting times of more than a year for transformer parts»

«Summer is just starting, but U.S. weather so far this year has already been about 21% warmer than the 30-year norm»

«If we have successive days of 100-degree-heat, those pole top transformers, they start popping like Rice Krispies, and we would not have the supply stack to replace them»

* * * * * * *


U.S. power companies face supply-chain crisis this summer

June 29 (Reuters) – U.S. power companies are facing supply crunches that may hamper their ability to keep the lights on as the nation heads into the heat of summer and the peak hurricane season.

Extreme weather events such as storms, wildfires and drought are becoming more common in the United States. Consumer power use is expected to hit all-time highs this summer, which could strain electric grids at a time when federal agencies are warning the weather could pose reliability issues.

Utilities are warning of supply constraints for equipment, which could hamper efforts to restore power during outages. They are also having a tougher time rebuilding natural gas stockpiles for next winter as power generators burn record amounts of gas following the shutdown of dozens of coal plants in recent years and extreme drought cuts hydropower supplies in many Western states.

“Increasingly frequent cold snaps, heat waves, drought and major storms continue to challenge the ability of our nation’s electric infrastructure to deliver reliable affordable energy to consumers,” Richard Glick, chairman of the U.S. Federal Energy Regulatory Commission (FERC), said earlier this month.

Federal agencies responsible for power reliability like FERC have warned that grids in the western half of the country could face reliability issues this summer as consumers crank up air conditioners to escape the heat

Some utilities have already experienced problems due to the heat. Texas’ grid operator, the Electric Reliability Council of Texas (ERCOT), was forced to urge customers to conserve energy after several plants shut unexpectedly during an early heat wave in mid-May.  

In mid-June, Ohio-based American Electric Power Co imposed rolling outages during a heat wave after a storm damaged transmission lines and knocked out power to over 200,000 homes and businesses.

The U.S. Midwest faces the most severe risk because demand is rising while nuclear and coal power supplies have declined

The Midcontinent Independent System Operator (MISO), which operates the grid from Minnesota to Louisiana, warned that parts of its coverage area are at increased risk of temporary outages to preserve the integrity of the grid.

Supply-chain issues have already delayed the construction of renewable energy projects across the country. Those renewable delays coupled with tight power in the Midwest prompted Wisconsin’s WEC Energy Group Inc and Indiana’s NiSource Inc to delay planned coal plant shutdowns in recent months.

                         BRACING FOR SUPPLY SHORTAGES

Utility operators are conserving their inventory of parts and equipment as they plan for severe storms. Over the last several months, that means operators have been getting creative.

“We’re doing a lot more splicing, putting cables together, instead of laying new cable because we’re trying to maintain our new cable for inventory when we need it,” Nick Akins, chief executive of AEP, said at the CERAWeek energy conference in March.

Transformers, which often sit on top of electrical poles and convert high-voltage energy to the power used in homes, are in short supply.

New Jersey-based Public Service Enterprise Group Inc (PSEG) Chief Executive Ralph Izzo told Reuters the company has had to look at alternate supply options for low voltage transformers.

“You don’t want to deplete your inventory because you don’t know when that storm is coming, but you know it’s coming,” Izzo said.

Some utilities are facing waiting times of more than a year for transformer parts, the National Rural Electric Cooperative Association and the American Public Power Association told U.S. Energy Secretary Jennifer Granholm in a May letter.

Summer is just starting, but U.S. weather so far this year has already been about 21% warmer than the 30-year norm, according to data provider Refinitiv.

“If we have successive days of 100-degree-heat, those pole top transformers, they start popping like Rice Krispies, and we would not have the supply stack to replace them,” Izzo said.

Pubblicato in: Banche Centrali, Devoluzione socialismo, Materie Prime, Problemia Energetici

Blocco europeo. Senza sovvenzioni statali le industrie elettriche sarebbero fallite da un pezzo.

Giuseppe Sandro Mela.

2022-07-05.

2022-07-04__ The Great European Energy Market Bailout Is Only Getting Started 001

Tre decenni fa, l’Europa decise di aprire i suoi mercati energetici per promuovere la concorrenza, una mossa destinata a ridurre i prezzi per i consumatori in tutto il continente.

Nel 2022 le bollette sono aumentate, mentre le aziende di servizi pubblici, un tempo solide, stanno lottando per rimanere a galla.

Berlino è in trattative per salvare Uniper SE, la Francia sta valutando la possibilità di nazionalizzare Electricite de France SA, mentre la Gran Bretagna ha posto sotto il suo controllo il fornitore di gas ed elettricità Bulb Energy Ltd.

Le cause alla base di ogni salvataggio possono variare, ma sono tutte radicate in una semplice verità: non c’è più abbastanza energia da distribuire.

La Russia sta limitando fortemente le forniture all’Europa, il presidente francese Emmanuel Macron è alle prese con una flotta di reattori nucleari che sta invecchiando e la mancanza di controllo normativo ha fatto sì che i fornitori britannici di gas e di energia vendessero energia a basso costo senza considerare il ritorno di un superciclo di materie prime che ha portato prezzi elevati.

Gazprom PJSC sta riducendo le esportazioni attraverso tutti i principali gasdotti verso l’Europa, complicando gli sforzi del continente per immagazzinare abbastanza gas in vista della stagione di riscaldamento invernale.

I prezzi del gas nei Paesi Bassi, un punto di riferimento europeo, sono già otto volte più alti del normale, e il commercio di elettricità segnala che la crisi potrebbe durare fino al prossimo anno.

Questo sta facendo aumentare i costi non solo per i consumatori, ma anche per le industrie ad alta intensità energetica, dai forni per l’acciaio alle fonderie di metalli, agli impianti di cemento e chimici.

Il fatto che i governi debbano sempre più spesso salvare le compagnie energetiche è un segno della loro incapacità di considerare l’impatto degli shock dei prezzi sulle loro politiche.

Nel corso degli anni, la Germania è diventata sempre più dipendente dal gas russo, con l’aggravante della decisione di chiudere tutte le sue centrali nucleari.

La Francia è rimasta fortemente dipendente da EDF, di cui possiede già l’84%, ed è ora alle prese con reattori difettosi che stanno trasformando il Paese, noto per fornire ai suoi vicini europei elettricità nucleare in eccesso, in un importatore di energia.

* * * * * * *


«Three decades ago, Europe decided to open up its energy markets to foster competition, a move meant to bring lower prices for consumers across the continent»

«Fast forward to 2022, and bills have ballooned while once rock-solid utilities are struggling to stay afloat»

«Berlin is in talks to bail out Uniper SE, France is considering nationalizing Electricite de France SA, while Britain has brought gas and electricity provider Bulb Energy Ltd. under its control»

«The underlying causes for each rescue may vary, but each are rooted in a simple truth: there just isn’t enough energy to go around anymore»

«Russia is severely limiting supplies to Europe, French President Emmanuel Macron is grappling with an aging fleet of nuclear reactors,  and a lack of regulatory oversight meant British gas and power providers sold cheap energy without considering the return of a commodities supercyle that brought high prices»

«Gazprom PJSC is curbing exports through all major pipelines to Europe, complicating continent’s efforts to store enough gas ahead of winter heating season»

«Gas prices in the Netherlands, a European benchmark, are already eight times higher than normal, and electricity trading is signaling the crunch may last into next year»

«Gas prices in the Netherlands, a European benchmark, are already eight times higher than normal, and electricity trading is signaling the crunch may last into next year»

«That’s driving up costs not just for consumers, but also for energy-intensive industries, from steel furnaces to metal smelters to cement and chemical plants»

«That governments are increasingly having to bail out energy companies is a sign of their failure to consider the impact of price shocks on their policies»

«Over the years, Germany grew increasingly dependent on Russian gas, further exacerbated by its decision to close down all of its nuclear power plants»

«France remained heavily reliant on EDF, in which it already owns 84%, and is now grappling with faulty reactors that are increasingly turning the country — known for supplying its European neighbors with surplus nuclear electricity — into a power importer»

* * * * * * *


The Great European Energy Market Bailout Is Only Getting Started

– Nations are realizing energy security can’t be left to markets

– ‘Only the beginning of growing government intervention’

* * * * * * *


Three decades ago, Europe decided to open up its energy markets to foster competition, a move meant to bring lower prices for consumers across the continent.

Fast forward to 2022, and bills have ballooned while once rock-solid utilities are struggling to stay afloat. As a result, governments are realizing they can’t leave energy security solely in the hands of markets. Berlin is in talks to bail out Uniper SE, France is considering nationalizing Electricite de France SA, while Britain has brought gas and electricity provider Bulb Energy Ltd. under its control. 

“This is only the beginning of growing government intervention in markets,” said Leslie Palti-Guzman, president of New York-based consultancy Gas Vista LLC.

The underlying causes for each rescue may vary, but each are rooted in a simple truth: there just isn’t enough energy to go around anymore. Russia is severely limiting supplies to Europe, French President Emmanuel Macron is grappling with an aging fleet of nuclear reactors,  and a lack of regulatory oversight meant British gas and power providers sold cheap energy without considering the return of a commodities supercyle that brought high prices.

And things could get worse still. Over the years, Europe became increasing reliant on Russian gas, which President Vladimir Putin has now weaponized in response to the global opposition to his invasion of neighboring Ukraine. Gazprom PJSC is curbing exports through all major pipelines to Europe, complicating continent’s efforts to store enough gas ahead of winter heating season.

Gas prices in the Netherlands, a European benchmark, are already eight times higher than normal, and electricity trading is signaling the crunch may last into next year. Power for 2023 delivery is changing hands at prices six times higher than the 5-year average in Germany, Europe’s biggest market. 

That’s driving up costs not just for consumers, but also for energy-intensive industries, from steel furnaces to metal smelters to cement and chemical plants.

“There’s a limit to how long this situation can be sustained, the market won’t balance itself out until 2024,” said Gergely Molnar, an energy analyst at the International Energy Agency. “Until then, these financial tensions will be in place.”

The looming bottlenecks and surging prices are prompting governments to step in. Europe has ordered countries to replenish storage sites, and nations like Austria and Germany are paying top dollar to stash gas away in their storage sites.

The German government is handing out one-time payments to households this month to soften the blow from energy bills that Economics Minister Robert Habeck has called “bitter news” for consumers. France plans to double down on the 25 billion euros in spending and tax cuts it already earmarked to shield consumers and businesses from surging energy costs.

Italy is set to spend almost 40 billion euros subsidizing energy bills for consumers, while the UK put down some £37 billion ($44.7 billion) to ease the impact on consumers. The nationalization of Bulb alone will cost consumers about £2.2 billion.

In the Czech Republic, state-controlled utility CEZ is in talks with the government about measures that could protect liquidity in extreme events, such as the termination of natural-gas supplies from Russia. All told, some analysts estimate the wide-ranging international support packages for consumers will reach 100 billion euros in total aid. 

“That governments are increasingly having to bail out energy companies is a sign of their failure to consider the impact of price shocks on their policies,” said Kathryn Porter, a consultant who has worked for Centrica Plc and EDF Trading. “This is a serious oversight which will add to the already high costs faced by consumers.”

Beyond straight financial aid, Germany has beefed up its powers to stabilize energy markets. A law passed in May gave the government the ability to seize critical energy infrastructure in an emergency. Habeck has said such “dramatic” powers were needed to counter Russia’s use of energy to retaliate against Europe for sanctions over the war in Ukraine.

Measures already on the table include bailouts of utilities, price caps on gas and liquefied natural gas, as well as subsidies to protect citizens’ purchasing power.

A generation ago, European energy markets were dominated by monopolies that gave consumers few choices. It was only in 1996 that the European Union decided to gradually open up markets as government policies became more influenced by the belief that more competition would strengthen security of supply, lower costs and address energy poverty.

That projection didn’t exactly play out as planned. Over the years, Germany grew increasingly dependent on Russian gas, further exacerbated by its decision to close down all of its nuclear power plants. Britain was extremely lenient in its permits to set up an energy supplier, leading to a chaotic market place that resulted in more than 20 companies collapsing just in the past year. 

France remained heavily reliant on EDF, in which it already owns 84%, and is now grappling with faulty reactors that are increasingly turning the country — known for supplying its European neighbors with surplus nuclear electricity — into a power importer. In Eastern Europe, many countries continue to depend on gas from Russia, giving Putin’s leverage over some of the former Soviet bloc.

Europe is now paying a hefty price for its false sense of political security following the end of the Cold War, which left it so dependent on intermittent renewables generation and a Russian gas supply it thought it trust. Germany was forced to seize and rescue a former unit of Gazprom as it owned about 20% of the country’s storage capacity and Wingas GmbH, a key supplier to businesses.

Uniper is in dire straits, receiving only about 40% of its Russian gas orders, a move that analysts estimate is costing the company about $30 million a day. As a result, the company said on June 29 that it’s discussing a possible increase in state-backed loans or even equity investments to secure liquidity.

Others may soon find themselves in similarly difficult positions. Energy trading houses, for example, are also being forced to replace contracts with Russia, often a costly unwinding of existing agreements.

“We fear a cascading effect in the industry,” said Timm Kehler, chairman at the German gas industry lobby group Zukunft Gas. “The state should intervene to support this.”

In France, EDF’s financial situation has continued to deteriorate even after the government injected 2.7 billion euros in April as part of a 3.2 billion-euro capital increase. Chief Executive Officer Jean-Bernard Levy is urging the government to nationalize the company as soon as possible, according to a person familiar with the discussions. 

A spokesperson at EDF declined to comment on a potential need for nationalization, while saying the company requires “visibility to be able to pursue its investment” for the country’s energy transition.

Governments are going as far as planning to tax energy companies on their profits. Spain and Portugal put a cap on the price of gas used to make electricity, and Britain considering decoupling power markets from the cost of gas. During a meeting of the Group of Seven leaders in Germany last weekend, Macron called the way electricity prices are set “absurd” and demanded reform of the market.

“It may not quite come to nationalizations, but I wouldn’t rule out governments taking significant stakes in some companies, especially if these prices continue for another year or two,” said Jonathan Stern, a researcher at the Oxford Institute for Energy Studies

Pubblicato in: Devoluzione socialismo, Materie Prime, Problemia Energetici, Stati Uniti

Usa. Il prezzo del natural gas si avvicina ai 10$ per MMBtu. Contribuenti Elettori inviperiti. Se continua così presto i 20$.

Giuseppe Sandro Mela.

2022-06-08.

Lavron e Putin che ridono 001

«Martedì 19 aprile gli Stati Uniti hanno lanciato un programma di salvataggio delle centrali nucleari, molte delle quali in difficoltà finanziarie e a rischio chiusura, da 6 miliardi di dollari. I fondi arrivano dal piano sulle infrastrutture del presidente Joe Biden, diventato legge l’anno scorso. …. consente di generare tanta elettricità a zero emissioni e in maniera indipendente dalle condizioni meteorologiche, andando così a compensare l’intermittenza dell’eolico e del solare …. il presidente Biden si impegna a mantenere in attività questi impianti» [Fonte]

* * *

La situazione meteorologica degli Stati Uniti è variegata.

«È stata una primavera da dimenticare per i coltivatori statunitensi e canadesi, e anche adesso, durante la prima settimana di giugno, i minimi persistenti e le nevicate di fine stagione continuano sulle montagne centrali e settentrionali.

Guardando solo una manciata di esempi, Blue Valley, CO ha recentemente accumulato un record di 16,1 in (40,9 cm) di neve; Silver Plume, CO ha ricevuto 9,1 in (23,1 cm); mentre parti di Yellowstone, WY hanno visto derive fino a 6 ft (1.8m), secondo i media locali.

Evergreen, CO ha recentemente visto 5,8 in (14.7cm) di neve che, come confermato dal meteorologo di 9News Chris Bianchi, è la più grande nevicata di giugno della città almeno dal 1961, quando sono iniziati i libri dei record.» [Fonte]

In altre zone del continente americano sussiste invece il problema opposto. Le temperature in Texas stanno toccando livelli record.

Sebbene opposte per temperatura, ambedue le situazioni spingono ad innalzare i consumi elettrici.

Ma gran quota delle centrali elettriche sono alimentate a gas naturale, mentre quelle eoliche si sono rivelate essere del tutto inaffidabili.

Joe Biden ha vietato l’import di energetici russi, ed è anche costretto ad esportare parte di quello che estrae al blocco europeo, per evitare che debba capitolare davanti alla Russia, che esporta tranquillamente i suoi estrattivi energetici alla Cina e alla India, senza tener conto di quello che poi vende di contrabbando. Mr Putin sta facendo ballare agli occidentali la Beriozka, e ci sta guadagnando per benino.

Russia. Non esporta in Cina solo il petrolio ma anche il famigerato carbone.

Russia. Export petrolio verso Asia cresce a 64.3 dai 24.7 milioni barili giorno di fine febbraio.

Cina. Silenziosamente acquista dalla Russia il petrolio prima destinato alla Europa.

Wall Street. Ha perso 11 trilioni di dollari di capitalizzazione, ma il peggio non è ancora venuto.

Russia. Nei primi due mesi di conflitto ha raddoppiato i guadagni sullo export EU degli idrocarburi.

ECB. La inflazione si è sgranocchiata i bond a tassi negativi. Da 10 trilioni ne restano 300 milioni.

Fondi Pensioni ed Inflazione. Il macello è già iniziato. L’inflazione li falcia senza pietà.

America. Le sanzioni di Joe Biden hanno beneficiato Mr Putin e sono state pagate dagli americani.

Russia. Anno22. Esportazioni di petrolio. +321 miliardi Usd anno su anno. – Bloomberg.

* * *

Riassumendo. La Harris-Biden Administrationsi è cacciata con le sue mani in una gran brutta situazione.

I Cittadini Contribuenti ed Elettori tollerano male ma molto male sia i prezzi stellari della benzina sia tutti codesti aumenti del costo della energia.

E tra cinque mesi si dovrà votare alle elezioni di midterm.

* * * * * * *

«Natural gas futures soar as supply cuts hit as heat builds; $10 gas possible in ‘fairly near future’»

«Pipeline work sinks production»

«Triple-digit temperatures seen in Texas»

«Power burns boosting cash prices»

«The July Nymex gas futures contract jumped 79.9 cents to $9.322/MMBtu. August futures climbed 79.6 cents to $9.306»

«Spot gas prices also strengthened as temperatures across Texas are poised to touch record levels this week. NGI’s Spot Gas National Avg. shot up 67.0 cents to $8.565»

«The electric grid operator for most of Texas – the Electric Reliability Council of Texas – said the sweltering conditions could drive loads to a near-record level above 74,000 MW on Monday and Tuesday»

«Meanwhile, production has been a source of frustration for the gas market»

«What’s more, Tennessee Gas Pipeline (TGP) said it would be performing major pig runs on a part of its system on Tuesday and Thursday, limiting gas flows heading toward the Northeast»

«The increase in gas demand and lower production comes amid a mostly steady rise in exports following spring turnarounds»

«Meanwhile, Mexican exports are expected to be 7 Bcf on Monday, according to the analyst. Gas flowing south of the border into Mexico could see incremental gains in the coming months as summer heat escalates.»

«We would not be shocked to see a test of $10.00 in the fairly near future»

«Spot gas prices surged on Monday amid strong power burns brought on by surging temperatures and falling wind generation»

«Chicago Citygate next-day gas jumped 70.5 cents from Friday to average $8.680 for Tuesday’s gas flow»

«Similar price increases extended into Louisiana, but Texas Eastern E. LA picked up a heftier 97.5 cents to average $8.725»

«The blistering outlook sent spot gas prices at Houston Ship Channel soaring 71.0 cents to average $8.795 and Agua Dulce up 79.0 cents to $8.800»

«The restriction lifted SoCal Citygate next-day gas by more than $1.020 to average $9.705»

* * * * * * *


Natural Gas Futures Soar as Supply Cuts Hit as Heat Builds; $10 Gas Possible in ‘Fairly Near Future’

In one of the most explosive sessions in recent weeks – and that’s saying a lot – natural gas futures rocketed higher Monday as production struggles to gain momentum and heat is starting to intensify ahead of what’s expected to be a hot summer.

                         At A Glance:

– Pipeline work sinks production

– Triple-digit temperatures seen in Texas

– Power burns boosting cash prices

* * * * * * *

The July Nymex gas futures contract jumped 79.9 cents to $9.322/MMBtu. August futures climbed 79.6 cents to $9.306.

Spot gas prices also strengthened as temperatures across Texas are poised to touch record levels this week. NGI’s Spot Gas National Avg. shot up 67.0 cents to $8.565.

With forecasts calling for heat to become more widespread later this month, traders took notice of the potential for highs in Texas to surpass the century mark for the next seven days in some cities. The electric grid operator for most of Texas – the Electric Reliability Council of Texas – said the sweltering conditions could drive loads to a near-record level above 74,000 MW on Monday and Tuesday. At the same time, wind generation was expected to falter, dropping by more than 100 gigawatt hours/day.

“Strong loads, particularly when paired with falling wind output, often require increasingly inefficient gas-fired generation to keep the lights on, creating increased chances for elevated spot gas market demand and upside power burn surprises later this week,” said EBW Analytics Group senior analyst Eli Rubin.

Meanwhile, production has been a source of frustration for the gas market. After nearing late-2021 highs early last week, output softened later in the period and failed to recover over the weekend. Estimates showed production at around 95 Bcf on Monday, 2 Bcf shy of the highs largely viewed as needed to loosen up supply/demand balances.

What’s more, Tennessee Gas Pipeline (TGP) said it would be performing major pig runs on a part of its system on Tuesday and Thursday, limiting gas flows heading toward the Northeast. TGP said operating capacity on segment 321 FH would be limited to 880 MMcf/d from 1.93 Bcf/d on those two days.

“Current eastbound flows through STA321TOMLV324 have averaged 1.51 Bcf/d for the past 30 days and have recently maxed at 1.61 Bcf/d for Monday’s gas day,” said Wood Mackenzie analyst Young Liu. “This means anywhere between 630 MMcf/d to 750 MMcf/d can be restricted through segment 321 FH and will significantly impact flows into the Northeast on the 300 Line.”

The increase in gas demand and lower production comes amid a mostly steady rise in exports following spring turnarounds. NGI data showed feed gas deliveries to U.S. liquefied natural gas (LNG) terminals sitting at around 12.8 Bcf at the start of the week. This was off slightly from the 13 Bcf level reached over the weekend, but generally in line with volumes seen the rest of the past week.

Het Shah of energy market data and advisory firm Analytix.AI noted that Calcasieu Pass LNG continues to ramp higher ahead of schedule. Intake volumes reached new facility highs north of 1.3 Bcf/d on Sunday.

“At this rate, we could see total LNG deliveries hit 14 Bcf/d if Sabine Pass returns to its max observed levels above 5 Bcf/d,” Shah told NGI.

Meanwhile, Mexican exports are expected to be 7 Bcf on Monday, according to the analyst. Gas flowing south of the border into Mexico could see incremental gains in the coming months as summer heat escalates.

Bespoke Weather Services said with the hotter weather already materializing in Texas and the South, it expects the more widespread heat pattern to be verified by the middle of the month. With production failing to reach new highs, it expects price gains to continue.

“We would not be shocked to see a test of $10.00 in the fairly near future, based on all we see from the big picture,” Bespoke said.

Over the next month and a half, weather catalysts may strengthen amid the seasonal transition from the shoulder season into mid-summer, EBW added. Hurricanes also threaten Gulf of Mexico supply and LNG demand alike.

Against that backdrop, it is possible that rising margin requirements could thin liquidity and further amplify price volatility, Rubin said. “Traders may be advised to buckle up for a volatile summer ahead.”

                         Monster Cash Rally

Spot gas prices surged on Monday amid strong power burns brought on by surging temperatures and falling wind generation.

Though the most intense heat was concentrated in the southern United States, large price gains were seen across the country.

For example, Chicago Citygate next-day gas jumped 70.5 cents from Friday to average $8.680 for Tuesday’s gas flow. In the Midcontinent, Ventura cash shot up 87.5 cents to $8.545.

Similar price increases extended into Louisiana, but Texas Eastern E. LA picked up a heftier 97.5 cents to average $8.725.

The National Weather Service said a wave of low pressure and associated front would produce showers and thunderstorms from parts of Nebraska to the Texas Panhandle on Tuesday, with some of the thunderstorms becoming severe. Meanwhile, upper-level ridging and dry soils would combine to allow temperatures to rise to record levels over parts of the more central and southern parts of Texas, with high temperatures forecast to reach the low 100s.

The blistering outlook sent spot gas prices at Houston Ship Channel soaring 71.0 cents to average $8.795 and Agua Dulce up 79.0 cents to $8.800.

On the West Coast, cash prices also rallied while a major pipeline in California started a weeklong maintenance event. Wood Mackenzie noted that day/day receipts through Southern California Gas’ (SoCalGas) Northern Zone have been cut by 283 MMcf/d, with Line 225 going out of service Monday through Friday. The cuts are mainly at the Wheeler Ridge subzone, which dropped by 433 MMcf for Monday and have decreased by a total of 719 MMcf/d since Friday (June 3).

“In the notice relating to this maintenance, SoCalGas noted that some cuts to flows will be offset by a 210 MMcf/d capacity increase for the Northern Zone,” Wood Mackenzie analyst Quinn Schulz said. “Since June 3, flows through the Needles/Topock Zone have increased by 185 MMcf/d, with day/day flows through Kramer Junction increasing by 156 MMcf/d for June 6. Past 30-day flows through Wheeler Ridge were 635 MMcf/d and maxed out at 801 MMcf/d.”The restriction lifted SoCal Citygate next-day gas by more than $1.020 to average $9.705.

Pubblicato in: Cina, Economia e Produzione Industriale, Materie Prime, Problemia Energetici, Russia

Russia. Non esporta in Cina solo il petrolio ma anche il famigerato carbone.

Giuseppe Sandro Mela.

2022-05-31.

2022-05-23__ Russia. Non esporta in Cina solo il petrolio ma anche il famigerato carbone. 001

«La Cina sta acquistando quantità record di carbone russo a basso costo, anche se le nazioni occidentali colpiscono Mosca con sanzioni per l’invasione dell’Ucraina»

«Le importazioni cinesi di carbone dalla Russia sono quasi raddoppiate tra marzo e aprile, raggiungendo i 4.42 milioni di tonnellate»

«La Russia ha superato l’Australia come secondo fornitore della Cina dall’anno scorso e ora rappresenta il 19% delle sue importazioni di carbone, rispetto al 14% di marzo»

«Le importazioni di carbone sono aumentate del 64% nel 2021 e la produzione nazionale ha raggiunto il record di 4.13 miliardi di tonnellate»

«Il mese scorso la Cina ha importato dalla Russia un quantitativo record di 1.09 milioni di tonnellate di carbone da coke trasportato via mare, con un aumento del 10% rispetto all’aprile dello scorso anno»

«Il prezzo dei futures sul carbone ICE Newcastle è aumentato di oltre il 40% dall’inizio di marzo»

«In aprile, il carbone da coke russo di qualità superiore consegnato al porto di Jingtang, nel nord della Cina, è stato valutato a 2,710 yuan (403 dollari) per tonnellata metrica»

«Rispetto ai 475 dollari del carbone da coke statunitense che raggiunge il porto e ai 423 dollari del carbone estratto in Cina»

«Nel 2021, il 60% dell’elettricità prodotta in Cina era generata da carbone termico, mentre oltre il 90% dell’acciaio cinese era prodotto in altiforni che bruciano carbone da coke»

* * * * * * * *


«China is buying record amounts of cheap Russian coal, even as Western nations slam Moscow with sanctions over the invasion of Ukraine»

«In April, not only did the world’s second largest economy buy more coal from Russia than ever before, it also eliminated import tariffs on all types of coal, a move analysts say will mainly benefit Russian suppliers»

«China’s coal imports from Russia nearly doubled between March and April, reaching 4.42 million metric tons»

«Russia has overtaken Australia as China’s second biggest supplier since last year and now accounts for 19% of its coal imports, up from the 14% share it had in March»

«China is now focused on getting its economy out of a slump and needs coal to fuel power stations and make steel for infrastructure projects»

«Coal imports soared 64% in 2021, and domestic output hit a record 4.13 billion metric tons»

«Last month, China imported a record 1.09 million metric tons of seaborne coking coal from Russia, up 10% on April last year»

«Russia is the world’s third largest coal exporter and global prices of the commodity have surged since it invaded Ukraine»

«The price of ICE Newcastle coal futures have risen more than 40% since the start of March»

«In April, premium Russian coking coal delivered to Jingtang port in northern China was priced at 2,710 yuan ($403) per metric ton»

«That compared with $475 for US coking coal reaching the port, and $423 for coal mined in China»

«Australian coal cost $512»

«As much as 60% of China’s electricity output was generated from thermal coal in 2021, while more than 90% of Chinese steel was produced in blast furnaces that burn coking coal»

«Indonesia, China’s current No.1 supplier, has enjoyed zero tariffs for years thanks to a free trade pact between China and ASEAN nations»

«The first railway bridge linking the two countries was completed last month»

* * * * * * * *


China needs Russian coal. Moscow needs new customers

Hong Kong (CNN Business) China is buying record amounts of cheap Russian coal, even as Western nations slam Moscow with sanctions over the invasion of Ukraine.

In April, not only did the world’s second largest economy buy more coal from Russia than ever before, it also eliminated import tariffs on all types of coal, a move analysts say will mainly benefit Russian suppliers.

China’s coal imports from Russia nearly doubled between March and April, reaching 4.42 million metric tons, according to trade data from Refinitiv. Russia has overtaken Australia as China’s second biggest supplier since last year and now accounts for 19% of its coal imports, up from the 14% share it had in March.

The booming coal trade boosts both sides. Despite bold pledges to tackle the climate crisis, China is now focused on getting its economy out of a slump and needs coal to fuel power stations and make steel for infrastructure projects. Russia desperately needs new customers for its fossil fuels as they are shunned by the West.

China, the world’s top buyer of coal, promised in 2020 to go carbon neutral by 2060. But after severe power shortages hit millions of households and businesses late last year, it ramped up its consumption of coal.

Coal imports soared 64% in 2021, and domestic output hit a record 4.13 billion metric tons. This year, these numbers are expected to be even higher as President Xi Jinping prioritizes infrastructure investments to revive the economy.

Last month, China imported a record 1.09 million metric tons of seaborne coking coal from Russia, up 10% on April last year, according to Matthew Boyle, lead dry bulk analyst at data firm Kpler. Coking coal is used to make steel.

                         First, there was a dip

Coal trade between China and Russia declined shortly after Moscow invaded Ukraine in February and Western countries started hitting Russia with unprecedented sanctions. Chinese banks were initially reluctant to provide financing for purchases of Russian commodities, according to Reuters.

“After Russia started the assault, Chinese and many other buyers initially scaled back purchases to assess the risk of secondary sanctions,” said Lauri Myllyvirta, lead analyst at Centre for Research on Energy and Clean Air, a Helsinki-based think tank.

By March, that reluctance had evaporated.

“When it became clear that the EU wasn’t moving fast to ban imports, and that effectively prevented both the US and the EU from imposing broader sanctions that would affect other buyers, there was a jump in purchases resulting from latent demand,” Myllyvirta said.

The European Union has since approved a ban on Russian coal, which is set to take full effect from August. Earlier this month, it also proposed to ban all Russian oil imports within six months.

                         Getting it cheap

China is not only buying a lot of Russian coal now — it is also buying it at a big discount.

Russia is the world’s third largest coal exporter and global prices of the commodity have surged since it invaded Ukraine. The price of ICE Newcastle coal futures have risen more than 40% since the start of March.

“In recent months, sanctions have created a stark bifurcation of the global seaborne coal market, as many importers are now unable or unwilling to import coal from Russia,” said Toby Hassall, lead analyst for Coal Market Research at London Stock Exchange Group.

As the pool of buyers gets smaller, those importers who are able and willing to buy coal from Russia are “paying much lower prices for this supply compared with coal sourced from other origins,” Hassall said.

In April, premium Russian coking coal delivered to Jingtang port in northern China was priced at 2,710 yuan ($403) per metric ton, according to Chinese industry data provider MySteel. That compared with $475 for US coking coal reaching the port, and $423 for coal mined in China.

The price discounts have persisted this month.

By late last week, Russian coking coal at northern China ports averaged about $439 per metric ton, according to Hangzhou-based data provider Hithink Flush Information. Australian coal cost $512, and Chinese coal $496.

To Beijing, buying more from Russia is not only a friendly gesture to Moscow, but also a smart move that benefits China’s own economic needs.

“So far, the government seems to be walking a line of maintaining friendly relationships with Russia without encouraging or directing Chinese firms to increase business with the country, and discouraging anything that might run afoul of the sanctions imposed on China,” Myllyvirta said.

“This line does mean that China’s imports from Russia are likely to grow simply on market basis, as other buyers move to embargo Russian fossil fuels,” he said.

                         Why does China need so much coal

Despite the pledges to cut its dependence on fossil fuels, China still needs coal to power its economy. As much as 60% of China’s electricity output was generated from thermal coal in 2021, while more than 90% of Chinese steel was produced in blast furnaces that burn coking coal. In general, coal made up 56% of China’s total energy use as of last year, according to the National Bureau of Statistics.

“The Chinese government is currently pushing for all kinds of infrastructure and construction projects, which includes coal industry projects, to offset the effect of the real estate slump and Covid lockdowns on other parts of the economy,” said Myllyvirta.

China has been trying to boost coal production since last year, when a severe power crisis triggered blackouts for millions of households and forced many factories to cut production.

On Thursday, Premier Li Keqiang said that a steady supply of power is critical for China’s growth goals.

China will “resolutely” prevent any power crunch from happening again this year, Li said during a visit to a power transmission center in Yunnan province, China.

The National Energy Administration has set Chinese mines a target of 4.4 billion tons this year, up 300 million on last year’s record output.

And in another effort to guarantee supply, the government cut all import tariffs on coal to zero between May 1 this year and March 30, 2023. Previously, tariffs ranged from 3% to 6%, depending on the type of coal.

Indonesia, China’s current No.1 supplier, has enjoyed zero tariffs for years thanks to a free trade pact between China and ASEAN nations. But Russia was still subject to tariffs until this month.

“We estimate a 30% increase in [Russia’s] export volume to China to 71 million tonnes this year vs. 55 million tonnes in 2021,” Morgan Stanley analysts said in a research note last month.

A new bridge between China and Russia might help with that. The first railway bridge linking the two countries was completed last month. The 2,215-meter-long bridge will be mainly used to transport coal, iron ore, and other goods from Russia to China, according to Chinese state media.

Pubblicato in: India, Problemia Energetici

Nepal ed India costruiscono una megacentrale idroelettrica sul fiume Arun.

Giuseppe Sandro Mela.

2022-05-21.

Nepal Progetti Idroelettrici 001

«India e Nepal costruiranno una centrale idroelettrica da 695 megawatt (MW)»

«L’India, che ha un accordo di scambio di energia elettrica con il Nepal, sta investendo miliardi di dollari in infrastrutture, comprese le centrali idroelettriche»

«Il progetto Arun IV sarà costruito congiuntamente sul fiume Arun, nell’est del Nepal, dall’indiana Satluj Jal Vidyut Nigam (SJVN) Ltd e dalla Nepal Electricity Authority (NEA), di proprietà statale, che detengono rispettivamente il 51% e il 49% del capitale»

«Il Nepal otterrà 152 megawatt di elettricità gratuita dall’impianto per il suo consumo e il resto sarà diviso tra i due paesi sulla base del 51% e del 49%»

«Le compagnie indiane stanno negoziando con il governo per la costruzione di centrali elettriche che produrrebbero un totale di 8.250 MW e il Nepal spera di esportare l’energia in eccesso in India»

* * * * * * *

In calce riportiamo una traduzione in lingua italiana.

* * * * * * *

«India and Nepal will build a 695 megawatt (MW) hydropower plant»

«India, which has an electricity trading deal with Nepal, is investing billions of dollars in infrastructure including hydropower plants»

«The Arun IV project will be jointly built on the Arun River in Nepal’s east by India’s Satluj Jal Vidyut Nigam (SJVN) Ltd and Nepal’s state-owned Nepal Electricity Authority (NEA) owing 51% and 49% of equity respectively»

«Nepal will get 152 megawatt of free electricity from the plant for its consumption and the rest will be split between the two on the 51% and 49% basis»

«Indian companies are negotiating with the government for power plants that would produce a total of 8,250 MW and Nepal hopes to export excess energy to India»

* * * * * * *


India, Nepal agree to build hydroelectric power plant.

Kathmandu, May 16 (Reuters) – India and Nepal will build a 695 megawatt (MW) hydropower plant, officials said on Monday, as the Himalayan nation looks to exploit its abundant potential to generate clean energy to ease power shortages.

India, which has an electricity trading deal with Nepal, is investing billions of dollars in infrastructure including hydropower plants, as New Delhi looks to grow its influence in its smaller neighbours, where China is also increasingly active.

The Arun IV project will be jointly built on the Arun River in Nepal’s east by India’s Satluj Jal Vidyut Nigam (SJVN) Ltd and Nepal’s state-owned Nepal Electricity Authority (NEA) owing 51% and 49% of equity respectively, NEA spokesperson Suresh Bahadur Bhattarai said.

“Nepal will get 152 megawatt of free electricity from the plant for its consumption and the rest will be split between the two on the 51% and 49% basis,” Bhattarai told Reuters without giving further details.

“Cost of the project is being worked out and whatever it comes will be shared as per the above ratio.”

The power plant agreement is among six deals concluded between India and Nepal during the Indian Prime Minister Narendra Modi’s fifth visit to the Himalayan nation on Monday, India’s Ministry of External Affairs said in a statement.

During the visit Modi met his Nepali counterpart Sher Bahadur Deuba and took part in a Buddhist ceremony to mark the birth anniversary of Lord Buddha at Lumbini in southwest Nepal.

Indian companies are negotiating with the government for power plants that would produce a total of 8,250 MW and Nepal hopes to export excess energy to India, officials said.

Nepal has the potential to produce 42,000 MW of hydropower but now generates about 1,200 MW — less than demand of about 1,750 MW. The deficit is met by imports from India.

* * * * * * *


India e Nepal si accordano per la costruzione di una centrale idroelettrica.

Kathmandu, 16 maggio (Reuters) – L’India e il Nepal costruiranno una centrale idroelettrica da 695 megawatt (MW), hanno detto lunedì i funzionari, mentre la nazione himalayana cerca di sfruttare il suo abbondante potenziale per generare energia pulita e alleviare la carenza di energia.

L’India, che ha un accordo di scambio di energia elettrica con il Nepal, sta investendo miliardi di dollari in infrastrutture, comprese le centrali idroelettriche, mentre Nuova Delhi cerca di accrescere la propria influenza nei suoi vicini più piccoli, dove anche la Cina è sempre più attiva.

Il progetto Arun IV sarà costruito congiuntamente sul fiume Arun, nella parte orientale del Nepal, dall’indiana Satluj Jal Vidyut Nigam (SJVN) Ltd e dalla Nepal Electricity Authority (NEA), di proprietà statale, che detengono rispettivamente il 51% e il 49% del capitale, ha dichiarato il portavoce della NEA Suresh Bahadur Bhattarai.

“Il Nepal riceverà 152 megawatt di elettricità gratuita dall’impianto per il suo consumo e il resto sarà diviso tra i due Paesi sulla base del 51% e del 49%”, ha detto Bhattarai alla Reuters senza fornire ulteriori dettagli.

“Il costo del progetto è in fase di elaborazione e qualsiasi cosa venga sarà condivisa secondo il rapporto di cui sopra”.

L’accordo per la centrale elettrica è uno dei sei accordi conclusi tra India e Nepal durante la quinta visita del Primo Ministro indiano Narendra Modi nella nazione himalayana, lunedì scorso, ha dichiarato il Ministero degli Affari Esteri indiano.

Durante la visita Modi ha incontrato il suo omologo nepalese Sher Bahadur Deuba e ha partecipato a una cerimonia buddista in occasione dell’anniversario della nascita di Buddha a Lumbini, nel sud-ovest del Nepal.

Le aziende indiane stanno negoziando con il governo per la costruzione di centrali elettriche che produrrebbero un totale di 8.250 MW e il Nepal spera di esportare l’energia in eccesso in India, hanno dichiarato i funzionari.

Il Nepal ha il potenziale per produrre 42.000 MW di energia idroelettrica, ma attualmente ne genera circa 1.200 MW, meno della domanda di circa 1.750 MW. Il deficit è coperto dalle importazioni dall’India.

Pubblicato in: Devoluzione socialismo, Energie Alternative, Problemia Energetici, Stati Uniti

California. Corrente elettrica insufficiente. Mantiene in funzione la centrale atomica.

Giuseppe Sandro Mela.

2022-05-11.

Asini che ridono. 001

«manca la capacità sufficiente per mantenere le luci accese questa estate»

«in risposta a una serie di sfide con l’ambiziosa transizione dai combustibili fossili, compresi i blackout durante un’ondata di calore estivo nel 2020»

«La California ha tra le politiche di cambiamento climatico più aggressive del mondo, compreso l’obiettivo di produrre tutta la sua elettricità da fonti senza carbonio entro il 2045»

«i funzionari hanno previsto un deficit potenziale di 1.700 megawatt quest’anno, un numero che potrebbe arrivare fino a 5,000 MW»

«I deficit di approvvigionamento lungo queste linee potrebbero lasciare tra 1 e 4 milioni di persone senza energia»

«lo stato era aperto a mantenere la sua restante centrale nucleare in funzione»

* * * * * * *

«California energy officials on Friday issued a sober forecast for the state’s electrical grid, saying it lacks sufficient capacity to keep the lights on this summer and beyond if heat waves, wildfires or other extreme events take their toll»

«The update from leaders from three state agencies and the office of Governor Gavin Newsom comes in response to a string of challenges with the ambitious transition away from fossil fuels, including rolling blackouts during a summer heat wave in 2020»

«California has among the most aggressive climate change policies in the world, including a goal of producing all of its electricity from carbon-free sources by 2045»

«the officials forecast a potential shortfall of 1,700 megawatts this year»

«Supply gaps along those lines could leave between 1 million and 4 million people without power»

«In 2025, the state will still have a capacity shortfall of about 1,800 MW»

«California’s electricity planning has been challenged as devastating wildfires have cut off transmission lines and extreme heat events and drought have hampered hydropower supplies»

«The announcement, which came a week after Newsom said the state was open to keeping its remaining nuclear power plant running to maintain reliability»

* * * * * * *

In calce riportiamo una traduzione in lingua italiana.

* * * * * * *


California says it needs more power to keep the lights on

May 6 (Reuters) – California energy officials on Friday issued a sober forecast for the state’s electrical grid, saying it lacks sufficient capacity to keep the lights on this summer and beyond if heatwaves, wildfires or other extreme events take their toll.

The update from leaders from three state agencies and the office of Governor Gavin Newsom comes in response to a string of challenges with the ambitious transition away from fossil fuels, including rolling blackouts during a summer heat wave in 2020.

California has among the most aggressive climate change policies in the world, including a goal of producing all of its electricity from carbon-free sources by 2045.

In an online briefing with reporters, the officials forecast a potential shortfall of 1,700 megawatts this year, a number that could go as high as 5,000 MW if the grid is taxed by multiple challenges that reduce available power while sending demand soaring, state officials said during an online briefing with reporters.

Supply gaps along those lines could leave between 1 million and 4 million people without power. Outages will only happen under extreme conditions, officials cautioned, and will depend in part on the success of conservation measures.

In 2025, the state will still have a capacity shortfall of about 1,800 MW, according to officials from the California Energy Commission, Public Utilities Commission, California Independent System Operator and Newsom’s office. They also projected annual electricity rate increases of between 4% and 9% between now and 2025.

California’s electricity planning has been challenged as devastating wildfires have cut off transmission lines and extreme heat events and drought have hampered hydropower supplies. Officials said traditional electricity demand forecasting does not account for such extreme events prompted by a changing climate.

At the same time, many solar farms and energy storage projects the state has commissioned over the last two years were delayed due to supply chain challenges during the pandemic and a recent federal trade probe into solar imports.

“We are in a place now where we have to factor in a new landscape in terms of the challenge in front of us with bringing the projects that we need online,” Karen Douglas, an adviser to Newsom, said during the briefing.

The announcement, which came a week after Newsom said the state was open to keeping its remaining nuclear power plant running to maintain reliability, appeared to lay the groundwork for an effort to keep older facilities — some of which are powered by natural gas — online.

“We need to make sure that the we have sufficient new resources in place and operational before we let some of these retirements go,” said Mark Rothleder, chief operating officer at the California ISO grid operator. “Otherwise we are putting ourselves potentially at risk of having insufficient capacity.”

* * * * * * *


La California dice che ha bisogno di più energia per mantenere le luci accese

6 maggio (Reuters) – I funzionari dell’energia della California venerdì hanno emesso una previsione sobria per la rete elettrica dello stato, dicendo che manca la capacità sufficiente per mantenere le luci accese questa estate e oltre se ondate di calore, incendi o altri eventi estremi prendono il loro pedaggio.

L’aggiornamento da parte dei leader di tre agenzie statali e l’ufficio del governatore Gavin Newsom viene in risposta a una serie di sfide con l’ambiziosa transizione dai combustibili fossili, compresi i blackout durante un’ondata di calore estivo nel 2020.

La California ha tra le politiche di cambiamento climatico più aggressive del mondo, compreso l’obiettivo di produrre tutta la sua elettricità da fonti senza carbonio entro il 2045.

In un briefing online con i giornalisti, i funzionari hanno previsto un deficit potenziale di 1.700 megawatt quest’anno, un numero che potrebbe arrivare fino a 5.000 MW se la rete è tassata da più sfide che riducono l’energia disponibile mentre mandano la domanda alle stelle, hanno detto i funzionari statali durante un briefing online con i giornalisti.

I vuoti di approvvigionamento lungo queste linee potrebbero lasciare tra 1 e 4 milioni di persone senza energia. Le interruzioni avverranno solo in condizioni estreme, hanno ammonito i funzionari, e dipenderanno in parte dal successo delle misure di conservazione.

Nel 2025, lo stato avrà ancora un deficit di capacità di circa 1.800 MW, secondo i funzionari della California Energy Commission, Public Utilities Commission, California Independent System Operator e l’ufficio di Newsom. Hanno anche previsto aumenti annuali dei tassi di elettricità tra il 4% e il 9% da qui al 2025.

La pianificazione dell’elettricità in California è stata sfidata da devastanti incendi boschivi che hanno tagliato le linee di trasmissione e da eventi di calore estremo e siccità che hanno ostacolato le forniture di energia idroelettrica. I funzionari hanno detto che le previsioni tradizionali sulla domanda di elettricità non tengono conto di questi eventi estremi causati da un clima che cambia.

Allo stesso tempo, molti parchi solari e progetti di stoccaggio di energia che lo stato ha commissionato negli ultimi due anni sono stati ritardati a causa delle sfide della catena di approvvigionamento durante la pandemia e una recente indagine commerciale federale sulle importazioni solari.

“Siamo in una situazione in cui dobbiamo tenere conto di un nuovo panorama in termini di sfida davanti a noi per portare online i progetti di cui abbiamo bisogno”, ha detto Karen Douglas, un consigliere di Newsom, durante il briefing.

L’annuncio, che è arrivato una settimana dopo che Newsom ha detto che lo stato era aperto a mantenere la sua restante centrale nucleare in funzione per mantenere l’affidabilità, sembrava porre le basi per uno sforzo per mantenere le strutture più vecchie – alcune delle quali sono alimentate da gas naturale – online.

“Dobbiamo assicurarci di avere sufficienti risorse nuove sul posto e operative prima di lasciare andare alcuni di questi pensionamenti”, ha detto Mark Rothleder, direttore operativo dell’operatore di rete ISO della California. “Altrimenti ci stiamo mettendo potenzialmente a rischio di avere una capacità insufficiente”.

Pubblicato in: Cina, Materie Prime, Problemia Energetici, Russia

Cina. Compra e combustibili fossili russi e li rivende nei paesi che non possono importarli.

Giuseppe Sandro Mela.

2022-04-09.

Cina 017

Le sanzioni imposte da Joe Biden sugli energetici russi, vietandone l’acquisto nei paesi occidentali, hanno stimolato un simpaticissimo rapporto sino-russo.

La Cina acquista gas naturale e petrolio russo e, cautamente, se li rivende all’estero.

La Russia quasi non sopporta danno alcuno e la Cina sta facendo affari di oro.

Con il cerino in mano sono rimasti gli americani e gli stati europei. Imporre sanzioni non eseguibili ha un costo smisurato. Pensare prima di agire non sarebbe stato male.

* * * * * * *

«China gas buyers seek cheap russian fuel shunned by the world»

«China’s major liquefied natural gas importers are cautiously looking to buy additional Russian shipments that have been rejected by the market in a bid to take advantage of low prices»

«Some importers are considering using Russian companies to bid for LNG on their behalf to hide their procurement plans from foreign governments»

«Most LNG importers around the world will not buy Russian cargoes for fear of future sanctions or reputational damage»

«Chinese companies are emerging as some of the only companies willing to take that risk»

«This mimics a similar move by China’s oil refiners, which are also quietly buying cheap Russian crude that the rest of the world doesn’t want»

«Russian LNG is trading at a discount of more than 10% to normal North Asian shipments on the spot market»

«Still, heavily discounted Russian gas may help fill storage tanks before prices rise again this summer»

«LNG buyers from China are pursuing the shipments through bilateral talks to keep a low profile in the spot market, according to the traders»

«Most of the LNG trading desks for Chinese companies are located abroad»

«Only major Chinese importers can use so-called open credit schemes, which are credit lines pre-approved by banks»

* * * * * * *

“Gli acquirenti di gas della Cina cercano carburante russo a buon mercato evitato dal mondo”

“I principali importatori cinesi di gas naturale liquefatto stanno cautamente cercando di acquistare ulteriori spedizioni russe che sono state respinte dal mercato nel tentativo di approfittare dei prezzi bassi”

“Alcuni importatori stanno considerando di utilizzare le società russe per fare offerte per il GNL a loro nome per nascondere i loro piani di approvvigionamento ai governi stranieri”

“La maggior parte degli importatori di GNL in tutto il mondo non comprerà carichi russi per paura di future sanzioni o danni alla reputazione”

“Le compagnie cinesi stanno emergendo come alcune delle uniche compagnie disposte a correre questo rischio”

“Questo imita una mossa simile da parte dei raffinatori di petrolio della Cina, che stanno anche tranquillamente acquistando greggio russo a buon mercato che il resto del mondo non vuole”

“Il GNL russo è scambiato con uno sconto di oltre il 10% rispetto alle normali spedizioni dell’Asia settentrionale sul mercato spot”

“Tuttavia, il gas russo fortemente scontato può aiutare a riempire i serbatoi di stoccaggio prima che i prezzi aumentino di nuovo quest’estate”

“Gli acquirenti di GNL dalla Cina stanno perseguendo le spedizioni attraverso colloqui bilaterali per mantenere un basso profilo nel mercato spot, secondo i commercianti”

“La maggior parte dei banchi di trading di GNL per le aziende cinesi si trovano all’estero”

“Solo i grandi importatori cinesi possono usare i cosiddetti schemi di credito aperti, che sono linee di credito pre-approvate dalle banche”

* * * * * * *

In calce riportiamo una traduzione in lingua italiana dell’articolo allegato.

* * * * * * *


China Gas Buyers Seek Cheap Russian Fuel Shunned by the World. – Bloomberg.

China’s major liquefied natural gas importers are cautiously looking to buy additional Russian shipments that have been rejected by the market in a bid to take advantage of low prices.

State-owned companies, including Sinopec and PetroChina, are in talks with suppliers to buy spot cargoes from Russia at a deep discount, according to people with knowledge of the matter. Some importers are considering using Russian companies to bid for LNG on their behalf to hide their procurement plans from foreign governments, the people said.

Most LNG importers around the world will not buy Russian cargoes for fear of future sanctions or reputational damage, as the war in Ukraine drags on and the European Union increases pressure against Moscow. Chinese companies are emerging as some of the only companies willing to take that risk.

PetroChina declined to comment. Sinopec did not immediately respond to a request for comment during a holiday.

This mimics a similar move by China’s oil refiners, which are also quietly buying cheap Russian crude that the rest of the world doesn’t want. Chinese importers have already bought several LNG shipments in recent weeks, traders said.

Russian LNG is trading at a discount of more than 10% to normal North Asian shipments on the spot market, according to traders. Spot prices for supercooled fuel rose to a record last month due to the war in Ukraine, which is cutting supplies just as global consumption recovers.

China is certainly not in great need of LNG as milder weather and COVID-19 lockdown fears have curbed spot demand. Still, heavily discounted Russian gas may help fill storage tanks before prices rise again this summer.

LNG buyers from China are pursuing the shipments through bilateral talks to keep a low profile in the spot market, according to the traders, who requested anonymity as the talks are private. And companies remain cautious, choosing to refrain from buying large quantities.

Instead of participating directly in a tender for the sale of LNG from Russia, Chinese companies seek to use so-called “sleeves” or companies to buy on their behalf to mask their acquisition, the traders said. This will help mask its one-off activity and instead make it look like the Chinese company may be accepting a delivery of Russian gas from a long-term contract, which companies around the world have continued to do despite the war in Ukraine. .

They are also avoiding the involvement of satellite offices from London to Singapore, to avoid any potential problems with those governments. Most of the LNG trading desks for Chinese companies are located abroad.

There are still obstacles. Smaller Chinese LNG buyers are struggling to get credit guarantees from banks to buy additional spot cargoes from Russia, and most institutions in Singapore are unwilling to provide support. Only major Chinese importers can use so-called open credit schemes, which are credit lines pre-approved by banks.

* * * * * * *


Gli acquirenti di gas della Cina cercano un carburante russo a buon mercato evitato dal mondo. – Bloomberg.

I maggiori importatori cinesi di gas naturale liquefatto stanno cautamente cercando di acquistare ulteriori carichi russi che sono stati respinti dal mercato, nel tentativo di approfittare dei prezzi bassi.

Le aziende statali, tra cui Sinopec e PetroChina, sono in trattative con i fornitori per acquistare carichi spot dalla Russia con un profondo sconto, secondo persone a conoscenza della questione. Alcuni importatori stanno considerando di usare le aziende russe per fare offerte per il GNL a loro nome per nascondere i loro piani di approvvigionamento ai governi stranieri, hanno detto le persone.

La maggior parte degli importatori di GNL nel mondo non comprerà carichi russi per paura di future sanzioni o danni alla reputazione, mentre la guerra in Ucraina si trascina e l’Unione Europea aumenta la pressione contro Mosca. Le compagnie cinesi stanno emergendo come alcune delle uniche compagnie disposte a correre questo rischio.

PetroChina ha rifiutato di commentare. Sinopec non ha risposto immediatamente a una richiesta di commento durante una vacanza.

Questo imita una mossa simile da parte dei raffinatori di petrolio della Cina, che stanno anche tranquillamente comprando greggio russo a buon mercato che il resto del mondo non vuole. Gli importatori cinesi hanno già comprato diverse spedizioni di LNG nelle ultime settimane, hanno detto i commercianti.

Il GNL russo è scambiato con uno sconto di oltre il 10% rispetto alle normali spedizioni del Nord Asia sul mercato spot, secondo i commercianti. I prezzi spot per il combustibile supercooled sono saliti a un record il mese scorso a causa della guerra in Ucraina, che sta tagliando le forniture proprio quando il consumo globale si riprende.

La Cina non ha certo un gran bisogno di GNL, dato che il clima più mite e i timori di blocco della COVID-19 hanno frenato la domanda spot. Tuttavia, il gas russo fortemente scontato può aiutare a riempire i serbatoi di stoccaggio prima che i prezzi aumentino di nuovo quest’estate.

Gli acquirenti di GNL dalla Cina stanno perseguendo le spedizioni attraverso colloqui bilaterali per mantenere un basso profilo nel mercato spot, secondo i commercianti, che hanno richiesto l’anonimato perché i colloqui sono privati. E le aziende rimangono caute, scegliendo di astenersi dall’acquistare grandi quantità.

Invece di partecipare direttamente a una gara d’appalto per la vendita di GNL dalla Russia, le aziende cinesi cercano di usare le cosiddette “maniche” o società per comprare per loro conto per mascherare la loro acquisizione, hanno detto i commercianti. Questo aiuterà a mascherare la sua attività una tantum e a far sembrare invece che l’azienda cinese possa accettare una consegna di gas russo da un contratto a lungo termine, cosa che le aziende di tutto il mondo hanno continuato a fare nonostante la guerra in Ucraina.

Stanno anche evitando il coinvolgimento di uffici satellite da Londra a Singapore, per evitare qualsiasi potenziale problema con quei governi. La maggior parte dei trading desk di GNL per le aziende cinesi si trovano all’estero.

Ci sono ancora ostacoli. I più piccoli acquirenti cinesi di GNL stanno lottando per ottenere garanzie di credito dalle banche per comprare ulteriori carichi spot dalla Russia, e la maggior parte delle istituzioni di Singapore non sono disposte a fornire supporto. Solo i grandi importatori cinesi possono usare i cosiddetti schemi di credito aperti, che sono linee di credito pre-approvate dalle banche.