RE:RE:CEOThat risk has been pointed out before, and it wasn’t pretty. Europe is leery of relying on Russian anything, especially anything going thu Ukraine. Storage and LNG imports are what they need to rely on, as well as local production. It would be astute to get long-term contracts for the local production as protection from Ruskies trying to monopolize the market if the pipelines can do it.
mnztr wrote: European gas is a big "i dunno" at this point. Nordstream 2 has huge political risk and Gasproms deal with Ukraine ends in Dec. They are pumping record storage right now. If NS2 is completed then there is 55 BCM and Turkstream brings another 15 BCM. + we still have ukranain pipes to move gas. So there is a lot of gas headed to Europe right now, but soem risk attached to it.
DBNORTH wrote: I hope Marino knows what he is talking about when it comes to European gas. I guess the obvious move would be to emphasize US oil production increases if you really wanted to please the market but he is content to shift E& P to Sask and out of Alberta where it is restricted - if necessary. Nice to have so many options but I hope he can manage such a diverse portfolio.