RUSSIAN Gas & LNG Revenue Collapses & Sanctions Threaten Future of $10 Billion Arctic LNG 2 Project
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Prior to the Invasion of Ukraine Natural Gas exports provided Russia's second largest revenue stream after Oil. However as a result of the war European countries stopped buying Russian Gas and this lead to the loss of the majority of this income. Russia was unable to export this gas to countries such as India as it does not have the LNG facilities to convert the gas. In this video I look at Russia's loss of income, the impact of the recent SANCTIONS against the new $10 Billion LNF facility called Arctic LNG 2 and discuss the problems that Russia and the Russian Economy are now facing.
For specific details please check out the CHAPTER list below.
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Chapters:
0:00 Intro
3:37 NATURAL GAS
5:17 GLOBAL SUPPLY
8:25 RUSSIAN DISTRIBUTION
9:57 RUSSIAN REVENUE
14:24 LNG
16:57 ARCTIC LNG 2
21:41 SUMMARY & CONCLUSION
#UKRAINE
#russia
#naturalgas
#uk
#pricecap
#GLOBALFINANCIALCRISIS
#RUBLE
#SWIFT
#RECESSION
#CHINA
#USA
#NATO
#WW3
#WORLDWAR3