No, if the Ukraine & Turk pipe lines are taken out, that would be devastating for the EU pipe line of gas from Russia. Have a look at the historical volumes that actually go through that pipe line circuit, more so the inability of diversion if they are taken out. The US would quite possibly use all the LNG that they have or required that will be coming online. I have seen it before a few times and I have also gone through where oil drops to ridiculous lows. What was interesting was the LNG tanker that sailed all over the world and could not find a buyer. That exert was in the Fin Times, well worth a read. But if those feed lines are disrupted for long periods of time or if ever come back online, we have some real problems at hand for the EU.The Ukraine war has screwed Germany.
WDS Price at posting:
$25.20 Sentiment: Hold Disclosure: Held
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