Quote (Malopox @ 16 Aug 2024 11:20)
Germans threatened Russians with economic war to get spot deliveries instead of long term take or pay contracts around 2008 and they got them. Germany was importing ca 55cbm of gas from Russians combined yearly before the outbreak of the war. Rest was supplied to other countries. Hence capacity comparisons need to take total import to Europe. Import from Russia declined from over 150 billion cubic meters (bcm) in 2021 to less than 43 bcm in 2023.
It’s strange to blame Russians for “spot market” deliveries - it was Germans who wanted them - not Russians. If you don’t sign long term contracts, you can’t complain supply is not 100% readily available. Gazprom has delivered exactly what was contracted to the dot [...]
This is only true until early 2022. Also note that it was unusual for Russia to not agree to more deliveries in 2021. Normally, a supplier is willing to send more than contractually obligated if the price is right; the Germans were willing to pay spot market prices in 2021, but Russia still didn't send more. I've posted the charts about the filling level of German gas storages many times in this thread; the Russians spent all of 2021 deliberately making it impossible to fill them up, deliberately made sure that Germany was going into the winter of 21/22 with dangerously low filling levels.
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Gazprom has delivered exactly what was contracted to the dot before Nord Stream was blown up
This is a brazen lie. Russia had already cut off the gas supplies through Nord Stream 1 months before it was blown up, using the flimsiest of excuses.
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Now Germans have turned around 180 degrees and signed long term take or pay multidecade contracts with Americans and Qatar. The same take-or-pay contacts they fought Russians so hard for. Not to mention they are now paying higher LNG price instead of cheap piped gas - making a lot of energy intensive industries uncompetitive.
There is no denying that the German/European energy policies from the mid-2000s through 2022 were a disaster. It was a mistake to bet on spot market prices remaining below the prices which long-term contracts with Russia would have enshrined. It was a mistake to run headfirst into a strategic dependence on a single supplier. It was a mistake for the country's industry to rest its entire business model on the perpetual availability of cheap energy while falling behind on innovation and competitiveness.
But just for the record: multidecade contracts with Americans and Qatar, while more expensive, still offer a strategic advantage. The Americans are allies, Qatar is no military threat to Europe.
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Germans need to wake up and realize they have been royally fucked and finally stand up for themselves.
And do what? German arms supplies aren't vital to Ukraine; the war will go on even if Germany wanted Ukraine to surrender. A resumption of normal pipeline shipments is completely unthinkable while the war rages on. And even if it ended, Russia's infrastructure has taken damage from lying idle for years. Some LNG is already being shipped to Germany/Europe today (after being relabeled in India or w/e). Also, why would Russia agree to favorable terms after everything that happened? If Germany folded now and came crawling back to Putin, he would have all the leverage in the world and fuck them in the ass during the negotiations.
This is a classical example of the concept of path dependency. It would have been far and away the best solution to prevent this war from ever breaking out, but now that it has happened, there is no easy or quick way back. The best Germany/Europe can hope for is that some kind of "fair" peace can be negotiated and economic relations with Russia can be strengthened again, some 5-10 years down the road. They will, of course, never go back to pre-war levels of dependence on Russia, though. And a peace treaty isn't realistic right now, either, since both sides show no intentions of letting up.