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[deleted] t1_j5074pt wrote

Reply to comment by Core2score in Germany says it is no longer reliant on Russian energy by scot816

I heard Russia found more demand for their gas and oil from countries outside Europe who are in for a long term contract and already building infrastructure to allow mass importation of Russian energies, primarily for China and India. How much can the non-European buyers of Russian gas and oil be able to replace Russia's loss of revenue from Europe? Some experts say the demand from these countries cannot completely replace the demand from Europe, while other experts say it's more than enough to replace it. There's so much conflicting info on this issue I don't know which side is telling the truth.

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Janni0007 t1_j50dysa wrote

Oil is easy enough to replace for russia, due to its liquid nature. Gas is another cattle of beast. Pipelines take time to build and those pipelines outside europe do not in fact in anyway replace the volume to europe. (doubly so because of the location of the gas fields in the west instead of siberia)

LNG is expensive to build and maintain. Mostly western expertise as well. So it is rather unlikely that russia is gonna enter that market full force anytime soon.

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Core2score t1_j56f621 wrote

But you're missing the point.

Regardless of who they sell their energy to, and in what form they sell it, they have many less buyers now and delivery will be much more difficult and expensive leading to greatly reduced demand.. and this might prove too much for Russia to overcome.

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Janni0007 t1_j56fxpg wrote

In parts sure. But there are a lot of things that could influence this either way. A global recession and the consequent slowdown of fossil fuel consumption would be a disaster for russia. If the economy booms and there is a ton of demand either way? Then the impact is far less pronounced.

Oil is to easy to trade and too important for the economy. Someone is always going to buy it. 30-40$ is the cut off for profitability for Russian oil. If it is above that then they will be mostly fine. Below that they are fucked.

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