Iran War?

[HVC]

How realistic is it to build up a large enough stockpiles of LNG to ride out storms ( ie americas mood swings)?although I guess at this point you've got a horse and barn door scenario.

[The Minsky Moment]

The EU is currently consuming about 13 billion cubic meters of LNG per month.

I asked Gemini how much it costs to store 1 billion cubic meters (so treat the results with a grain of salt)
Answer is $150 million per month for on the water storage, or about $3 billion to construct permanent storage tanks.   Which translates to about $2 billion in monthly cost for each month of consumption covered or close to $40 billion for a permanent storage solution.  Again, that covers just a single month's usage.

[crazy canuck]

I'm not aware of any long-term LNG storage facilities anywhere in the world. The system is designed to compress the natural gas into a liquid form for transport, and store it temporarily so that it is available when the ships pull in to load it and send it to its destination, or alternatively to send it down a pipeline to end users.

And user storage is similarly short-term in nature.

It's literally a flow through system.

[The Minsky Moment]

It does seem like living with the spot price fluctuations is the only option.  In theory you could try a financial hedge but the scale is so big it would tough to find a reliable counterparty and the costs would be very high.

EU is already pursuing lowering total gas demand because of Russia.  If there is any blame to throw out in terms of preparation it would be not pushing nuclear harder.

[HVC]

I see, thanks. I recall Canada recently started shipping LNG out of BC. Wonder why it took so long, and why we don't ship out to Europe. Probably valid reasons, but I'll bring out the classic and blame Quebec with or without reason . I actually worked for a company that produced portable chilling units to facilitate  the trapping of  gasses from oil extraction instead of burning it off.

I joke with sheilbh, but given the shit going down south of the border we (Canada) really should have invested in our export infrastructure.

[HVC]

If there is any blame to throw out in terms of preparation it would be not pushing nuclear harder.

See Norge, it's always the greens fault

[The Minsky Moment]

See Norge, it's always the greens fault

Except that without the greens, renewable capacity would be much lower, and then you'd really be screwed . . .
You just need more pro-nuclear radical environmentalists.  Surely you can cobble a political majority on that platform.

[HVC]

The Green Party in Ontario has recently changed their tune regarding nuke power I believe. But I don't follow that end of the political spectrum enough to know why and how entrenched the new view is.

[Valmy]

See Norge, it's always the greens fault

Except that without the greens, renewable capacity would be much lower, and then you'd really be screwed . . .
You just need more pro-nuclear radical environmentalists.  Surely you can cobble a political majority on that platform.

Germany led the world in solar panels right up until solar panels became a mainstream and successful technology...when they promptly gave up completely and let the Chinese take over. I never understood that, you subsidize this tech for decades right up until it becomes profitable than just...stop?

[HVC]

See Norge, it's always the greens fault

Except that without the greens, renewable capacity would be much lower, and then you'd really be screwed . . .
You just need more pro-nuclear radical environmentalists.  Surely you can cobble a political majority on that platform.

Germany led the world in solar panels right up until solar panels became a mainstream and successful technology...when they promptly gave up completely and let the Chinese take over. I never understood that, you subsidize this tech for decades right up until it becomes profitable than just...stop?

Russian fossil fuel lobby (bribe) money, maybe ?

[The Minsky Moment]

I never understood that, you subsidize this tech for decades right up until it becomes profitable than just...stop?

it wasn't profitable at the prices charged by the cheap Chinese imports.

[Valmy]

Morale might be kind of low for this war.

[Valmy]

I never understood that, you subsidize this tech for decades right up until it becomes profitable than just...stop?

it wasn't profitable at the prices charged by the cheap Chinese imports.

Seems weird to give up though after decades of subsidies. And for Germany, a country that desperately has needed alternative energy for at least a century. What happened to fortress Europe keeping out the cheap stuff?

[DGuller]

Kuwait shot down...3 F-15's today. Friendly fire.

With friends like these...

[Valmy]

Kuwait shot down...3 F-15's today. Friendly fire.

With friends like these...

Fortunately the crews were all recovered safely.