- #episode 4 -
- SIGNIFICANT ACTIONS - SECURE ENERGY SUPPLIES
We observe Significant Actions, done by certain respective Nation, or Group of Nations, to secure their energy supplies, due to the Shortage of Gas, High Prices of the Gas and Oil, Food and Fertilizer Shortage, High Inflation, Extreme Global Change, which was the direct impact of the Russian - Ukrainian War Crisis) attaching it to the Geopolitics issues.
- USA UNILITERAL ANNOUNCES RELEASE 50 MILLION BARRELS OF OIL FROM THE STRATEGIC RESERVE TO LOWER PRICES FOR AMERICANS.
JOE BIDEN onNovember23,2021, had announced that the Department of Energy will make available releases of50 million barrels of Oil from the Strategic Petroleum Reserve to lower the prices for Americans.
It is indicated that within the Internal Politics aspect in USA, Joe Bidenwantedto secureits electability fortheMidtermElections as well as the 2024 Elections in theSenate- House of Representatives as well as the Presidential Elections 2024 in the United States.
This Uniliteral action by the USA, had great impact to the Opec Oil Producers Especially Saudi Arabia, whose State's Budget revenue depends on the selling of its respective Oil Production.
In response Saudi Arabia led Oil Cartel OPEC's announcement on October 5th, 2022, that it was cutting 2 (Two) million barrels per day, which drive up the oil price just a month before Midterm Elections causing JOE BIDEN upset and angry.
The Democrats in Washington was accusing Russia Saudi of aligning itself with Russia.
Remarks :
So there are 2(two) Significant Actions made by USA, in releasing50million Oil from its Strategy Petroleum Strategic,andresponded by Saudi Arabia,ledcartel OpecOil Produces,whereSaudi cut 2 Million Barrels of Oil per day,whichsuch SignificantActions were both made to Secure both of its Energy Supplies.
However, sincethis Actions was made due to Shortage of the Global Oil causing Increase Price of the Oil. which emergedue theIncreasing Escalation Geo- Politics Tensions between Russia Versus NATO, EU, Western Countries led byUSA withinthe Ukraine Hemisphere. it isreally impactingthe Global Oil Price in Oil Market.
In the Mainstream Media, Joe Biden, emphasized that Saudi Arabia would bear the consequences.
- GERMANY FLOATING LNG TERMINAL.
FIRST FLOATING LNG TERMINAL COMPLETED
We noticed from the media, that Germany has completed the speedy construction of infrastructure and leasing of The First Floating LNG Terminal which was to receive Liquid Natural Gas (LNG) to secure its energy supplies over the coming winter months.
THE FIRST JETTY COMPLETED IN NORTHERN GERMANY - Wilhelmshaven.
The first jetty for arrival of LNG has been completed in Northern Germany Wilhelmshaven, with first delivery set to arrive in Mid-January 2023.
JETTY ALLOWS MOORING OF THE FIRST COMPLETED FRSU
The Jetty will allow the mooring of a special ship - a floating storage and regasification Unit ("FSRU"), which collects the LNG from the LNG Tankers and regasifies it before feeding it to the pipeline on land.
that prior to the end of 2022, the First FSRU is due to be in operation to regasify LNG, arriving from the LNG Tankers from around the world.
The First FRSU, called the Esperanza is scheduled to arrive with a full load in about a month to be unloaded.
- GERMANY WORKING FOR RENTING 5 (Five) Floating LNG terminals.
The German government is working for renting 5 (Five) Floating LNG Terminals to import Liquid Natural Gas (LNG), so called Floating Storage and Regasification Units (FRSU).
- TWICE THE COST OF THE ESTIMATE BUDGET 2022
It is indicated from our research on the Website, including Reuter, that the whole project is currently budgeted:
at Euro 6.56 billion up from Euro3 billion on the 2022 Budget, which figure was confirmed by the Ministry according to Reuters.
- GERMAN SEEKS ALTERNATIVE LNG SOURCES
This is to seek alternative to Russian Pipeline Nord Stream, where Germany had relied for years until supplies was stopped due to the Russian and Ukrainian War Crisis.
A pier at Wilhelmshaven has been expanded to provide a mooring place for a Floating LNG Storage Facilities and Regasification Unit (FSRU), which is the central component for Transporting LNG vis sea and transferring to the land.
- CAPACITY VOLUME OF EACH FSRU
According to the news, the German government is working to make available:
5 (Five) Floating LNG Terminals in the German Ports, each having capacity of at least 5 (Five) Billion M3 Per Year.
The Terminal at Wilhelmshaven, and another at Brunsbuttel, are scheduled to be operational early Next Year 2023.
The 3rd and 4th Floating LNG Terminal to be opened at the Ports of Stade and Lubmin, are expected operational by the end of 2023.
A green Member in of the German Parliament in the Budgetary Committee said the costs and the risks of the LNG projects needs more clarification.
From our research in the Websites, it indicates there are 60 FSRU existing worldwide, many of them are in a long-term deployment.
- CHINA and Qatar SIGN LNG LONG TERM CONTRACT worth $60bn
- QATAR to send Sinopec 4 (FOUR) million tons of LNG per Year from 2026
- Agreement made as China Seeks to Bolster Energy Security
- QATAR RESPONSE USA UNILATERAL ACTION
- QATAR RESPONSE USA UNILATERAL ACTION
In response to the latest situation as impact arising from the Russian-Ukraine Crisis War, where USA Unilaterally releases 50 million barrels out of its Strategic Oil Reserves, Qatar had signed with China a Long-Term LNG Contract, on November 21, 2022 as reportedly REUTERS.
In this event, Qatar's Energy State Owned Petroleum Company, was represented by the Qatar's Energy Minister and Head of Qatar Energy, and Sinopec was represented by Ma Yongsheng, Sinopec's Chairman.
This Long-Term LNG Supply Contracts is one of the Country's largest in terms of Volume.
