China secures long-term supplies while the EU plans fleeting power
Tom KirkmanIndependent Project Manager
China continues to plan for securing long term supplies of natural gas from direct pipelines, and also securing long supplies of other hydrocarbons, including oil, LNG, and coal.
Meanwhile, EU plans to increase fleeting, not-really-storable electricity from sunshine and breezes, which are supposed to replace reliable and storable hydrocarbons by some arbitrary date in less than a decade.
The EU energy planners are clearly delusional.
Greta and her parents should stick to proudly wearing their Antifa t-shirts (those photos were mostly erased from the internet) rather than try to impose their totalitarian, socialist energy views onto policy makers.
China’s voracious appetite for hydrocarbons will continue to grow long term, while EU wants to depend on ephemeral energy rainbows and unicorns.
Not hard to see who will have more energy security in the near future.
=====================
“China is signaling that it wants to move forward with a Central Asian natural gas pipeline project that’s been discussed for decades.
But does Central Asia have gas to fill the pipeline, known as Line D?
The region is facing its own increasingly undeniable gas shortages, as well as competition from Russia and liquefied natural gas (LNG) suppliers.
So, the long-planned construction of Line D of the Central Asia-to-China pipeline, while increasingly likely, is not yet clinched.
● China’s total natural gas consumption jumped more than 1000 percent in the first two decades of this century as it became the world’s largest importer.
It imported about 42 percent of its total natural gas consumption in 2021, receiving supplies via LNG, Central Asia pipeline natural gas, Russia, and Myanmar.
Flows from Turkmenistan accounted for about 75 percent of all import volumes from Central Asia in the same year (China has not released volumes for 2022 imports).
… While the proposed Line D and PoS-2 pipelines are both directed at Chinese markets, the two do not compete with one another – necessarily.
The PoS-2 would supply north China, especially Beijing, complimenting flows on Gazprom’s existing pipeline.
Chinese policymakers, conversely, appear to be planning for Line D to service southern and central China.
… China’s maritime LNG import capacity competes with overland pipeline routes and is also expanding this year, leaving Beijing with greater sway over both Ashgabat and Moscow.
● In other words, Beijing is in the driver’s seat: It can leverage supplier competition to secure favorable terms from Central Asia, Russia, and LNG producers further afield. …”