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View Diary: The Best way to stand up to Putin (17 comments)

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  •  Agreed. (1+ / 0-)
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    And a part of the loans for Ukraine should be reserved for the construction of renewable energy power plants.

    "A candle loses nothing by lighting another candle" - Mohammed Nabbous, R.I.P.

    by Lawrence on Sun Mar 02, 2014 at 05:23:19 PM PST

    •  The US has no intention of allowing loans to be (2+ / 0-)
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      Lawrence, unfangus

      used in such a fashion. The first billion will go to a new LNG re-gasification terminal. It is interesting that the Ukraine, right next to one of the greatest gas producing nations in the world and having extensive gas pipelines in every corner of the nation, should look to other sources such as shipping in LNG by tanker.

      Ukraine LNG Terminal, Ukraine

      A new LNG terminal is being built in the Ukraine on the coast of the Black Sea to re-gasify the liquefied natural gas (LNG) imported from various sources. The Ukrainian Government considers the terminal as one of the top five projects of national importance and part of the government's National Energy Strategy.

      The LNG terminal will have a total capacity of 10 billion cubic metres (bcm) of gas a year and is estimated to cost €969m ($1.3bn). The facility is expected to begin production by 2018.

      Now where in the world will this cheap LNG come from?
      US LNG Export Terminals: An Update With Map Of US LNG Facilities

      The U.S. is producing more natural gas than ever and aims to export the commodity as liquefied natural gas, or LNG. But some companies are facing an increasingly long wait for the Energy Department to finish reviewing their proposed LNG export projects.
      Thanks to hydraulic fracturing, or fracking, and the ability to drill horizontally, oil and gas production in the U.S. has skyrocketed. Fracking is a drilling technique that blasts millions of gallons of water and chemicals to fracture rock formations deep beneath the surface and release petroleum. The drilling technique has been heavily criticized, and some environmentalists contend that fracking contaminates groundwater.

      Delays in the approval process stem from the debate within the U.S. administration on how much natural gas should be exported without raising natural gas prices and reducing supplies in the U.S.

      Keep in mind that LNG is a fungible commodity. If the Ukraine takes from one source, the US can make up the difference.

      This aught to put Putin in his place.

      •  The good thing about having a LNG terminal (0+ / 0-)

        is that it allows the country to get natural gas from anywhere.

        Since Russia often uses natural gas as a cudgel, it's not a bad idea.

        Germany should have built some by now, too... it is far too dependent on Russian natural gas and thus needlessly throws money at Russian oligarchs by paying inflated natural gas prices.

        The Ukraine actually could cover ten percent of its total energy costs with biogas from agricultural waste, as well, and I am sure they will now renew efforts to expand that, as well as solar and wind.

        "A candle loses nothing by lighting another candle" - Mohammed Nabbous, R.I.P.

        by Lawrence on Mon Mar 03, 2014 at 02:01:20 AM PST

        [ Parent ]

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