Who buys Russian fossil fuels in the first 100 days of the invasion of Ukraine?
By country, China tops the list. By continent, Europe by a long shot (namely Germany & Italy) & more than Asia. China, India & Japan are top Asian buyers.
ASEAN not there.
👇
energyandcleanair.org
By country, China tops the list. By continent, Europe by a long shot (namely Germany & Italy) & more than Asia. China, India & Japan are top Asian buyers.
ASEAN not there.
👇
energyandcleanair.org
The EU bought 61% of the EUR91bn of Russian fossil fuels.
Top buyers of coal:
Japan
Netherlands
China
Taiwan
South Korea
India
Turkey
Germany
Poland
Japan
Netherlands
China
Taiwan
South Korea
India
Turkey
Germany
Poland
Top buyers of Russian LNG:
France
Belgium
Japan
Spain
Netherlands
China
Taiwan
South Korea
France
Belgium
Japan
Spain
Netherlands
China
Taiwan
South Korea
Top buyers of oil
China
Netherlands
Italy
Germany
Turkey
India
South Korea
France
Poland
China
Netherlands
Italy
Germany
Turkey
India
South Korea
France
Poland
Top buyers of pipeline gas:
Germany
Italy
Turkey
Poland
Bulgaria
Austria
China
Yes, China is down the list. Of course, the future will change as Europe switches out of pipeline gas, but this is the present.
Btw, what does it switch into? Well, LNG, pushing up prices.
Germany
Italy
Turkey
Poland
Bulgaria
Austria
China
Yes, China is down the list. Of course, the future will change as Europe switches out of pipeline gas, but this is the present.
Btw, what does it switch into? Well, LNG, pushing up prices.
The US has cut down Russia energy imports by 100%, followed by Sweden and Lithuania.
Don't forget that what you are seeing is a price effect:
Europe reduced its volume by 23% but it pays more because PRICES ARE HIGHER.
Meaning, it is TRANSITIONING AWAY from Russian gas but obvs Russians getting more $ from higher valuation even if volume lower.
Europe reduced its volume by 23% but it pays more because PRICES ARE HIGHER.
Meaning, it is TRANSITIONING AWAY from Russian gas but obvs Russians getting more $ from higher valuation even if volume lower.
Read the report here - enjoy your lunch time reading while we wait for the Fed big bazoooka 🤓🤗!!!
Sincerely,
@Trinhnomics
energyandcleanair.org
Sincerely,
@Trinhnomics
energyandcleanair.org
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