he has actually pay a staggering $9.00 full higher cost for natural gas than americans. so what caused this huge increase while part of that actually stems from supply and demand? the e u and the u. k. liquefied natural gas import sent an all time historical record high in april, 2022, averaging 16500000000 cubic feet per day. europe had an unusually cold winter last year, and then russia started curtailing supplies through the pipeline. and then on top of that, you have the green agenda is pushed to reduce coal consumption there by lowering greenhouse gas emissions pushing for even higher demand for natural gas to replace them. now let's bring in one ricardo ortega, president of bobo time energy group, who is at this very moment in germany, one of the places where natural gas is making headlines. so for us, the law is it wise for europe to continue to push the screen agenda? so heavily when it is hurting so many citizens during the transition phase,

as natural gas applies, are unable to plug up the shortfalls of other fossil fuel energy sources. you can clearly build that they are bringing more picture into the ad, the transition process. they had already considered impersonal call. they are looking for sources. so liquefied gas. unfortunately, they level of the crisis is so large. they're talking about one 3rd of the worlds of bio l n g. that would need to be china doors in europe or the gravity, germany, that they literally are not that much room for minority. they're talking about some of the largest economies on the world and some of the large consumer standards. so the bane version of these on the boiler will not just come from the energy transition is is there the fact that they lost their main source of natural gas

that this whole mess is out of control? and do you think, well, germany and the you eventually a force to break away from the washington agenda and re focus is business and economic ties with russia. given that the you is so reliant on rush and gas, i doubt it. deliver low to ration and disappointment on what has been going on is pushing. i know it does with significant resources and economic groups behind it. development of all sorts of energy, either in as many forms, methanol, a ammonia, they are going to be looking for new alternatives, and they are pushing the occasion of the economy as one of their main goals. how that burden and that pain might be shared between the budget. something gorman's

and the citizens, i think, is going to be the main discussion regarding shifting their policy a i see that as very likely and what you're going to see is so significant strain in the coming years and international markets where the weakest economy, something weakest, countries want to be losers, but the energy is funded, remain in i didn't know where to reach powerful gone through. so i'm going to continue finding a new source where they're going to be getting what they need at a much higher price. and i think everybody's getting used to assuming the cost of energy when increasing it come to the minimum long term. what do you alternate? these are brought to market. and now how high do you think natural gas price will go in euro, by the end of the year? oh, definitely. the price is not going to be much higher. it's $356.00. it

for me. and i'll be to use that. that's history. you're going to be prices that could be anywhere around $30.00 to $40.00 is going to be much higher. and i'm probably, that's what it is. want to facilitate and help that transition for them. new energy sources. i know that many people are bidding on that, and this is what is going to make it economically feasible for companies to invest in all day infrastructure. they need that it would be mostly producing the same european country. so i don't think they mind so much if they manage to keep the prize for the public in their acceptable level. and so the level of subsidies is going to be the main challenge and how they warmer i'm going to find those deficits. yes. what is the situation with russia? they have reduced natural gas supplies to europe as

a means to put pressure on them. but at the same time, it hurts rushes profitability as well to cut down on exports. so where is this still may going? and when does it end? this is going to continue until you find the resolution to your credit in situation . and i see that is going to be a lot of pain everywhere, not just between russia and europe or the us, but the countries that require natural gas in the international market. they don't want to be suffering because the scarcity is going to affect everybody. or you can see that in the market, the viewer audrea on the same in, in food stamps was countryside expansion, patient would start substitute 2028 percent. so this is gonna continue on, feel that he's a solution for the president conflict. and while russia be able to long term pivot,

has asian partners for natural gas exports to shore up its markets and profits. and how long would that take? most likely a china is going to have to meet again advantage because they probably would be se one of the buyers under received them. so that may be a lot of it will have to be defined by how the winters behave, please. you have a mile winter in asia, in mild winter in europe. this is going to be like just if you have a horrible winters in asia, europe, this is going to be a nightmare. so it is hard to tell it will be played out in the next months depending how nature chooses to bring these commie winter when this push to a green economy, how long do you think human society will be using natural gas for and how long will be this transition,

or do you think the push to green economy will eventually fizzle out? natural gas is going to be and maybe stay during the whole transition. no country can just get rid of guys right away and it will be a significant source of energy for the common decades. but there is going to be growing consumption of energy and song parallel market. so i wanted to go look, i could be hydrogen that has significant challenges to transport, but it could be ammonia is the new technologies for cracking it become cheaper and more efficient to be mental. and some of them for sure, going to become significant bayers in transport, mostly shipping, air, fry, and drugs, trains, and airplanes. and those markets are gone in are going to cheaper most likely to

believe new sources better the, an industry. you can clearly see germany now the company is looking at the promotional steel base on hydrogen. i want to happen because of what these crisis brought to europe more likely quicker than later. so you can expect significant changes within the next 5 to 7 years. thank you. so much juan ricardo ortea for joining us today. now, compare to europe. the u. s. has plenty of natural gas resources to tap into. it is a net exporter of natural gas and exports quite a bit to europe. but now, there is a limit to how much us production can help us european allies. this quantity is limited because the high transportation process to ship natural gas overseas. now in order to ship it, natural gas has to be liquified. and this is a very complex,

inexpensive process, and the facilities that transform gas into liquid is a costly endeavor. and it's relatively new thing born out of the recent shell boom, that means most states die, producers are maxing out the available liquid occasion capacity. and most of our natural gas will be trapped in the us, unavailable for export. does break it down. estimated like of vacation fees range from $2.00 to $3.00 per pillion thermal units, which is a 15 percent markup. then you have shipping where costs very by destination and market conditions. this can range anywhere between a 15 percent mark up to a 40 percent markup in prices before it reaches the destination where there are also duties and taxes lend. mm. so what is the cost of natural gas or countries are less with vast reserves of the fuel or discuss more after the break? ah

ah. mobile is this the best for both small issue? my good mobile when you vision annual g d. p per capita is about $4000.00 euros. last does that. we've got drug calling in a mold or mildew with wants to, to sleep on a primary consti seal from corpus really into new prison, which was born them all belong to commodity, mature laws thought there. the single thought of unemployment is off the charts, moldova territorial integrity and sovereignty. we respect of the country which enjoys financial support from the u. s. and it is constantly roth, by political and corruption scandals. oh, but over didn't scott mo,

google obtaining you turn to the street is in 2022. ah ah, ah! by the middle of the 19th century, practically, the whole of india had been under the rule of the british empire. the colonial authorities had imposed that heavy death bringing the people into poverty and were exporting natural resources. and moreover, these authorities absolutely had no consideration for the provisions of the local population, treating them like 2nd class citizens. the british were showing signs of disrespect even to those who cooperated with them. the fact of ignoring the religious beliefs of the hindus led to the mutiny of the sea boys,

mercenary soldiers serving under the british crown. rebellion began on the 10th of may 1857 in the garrison town of may road north of india. in the form of a mutiny. the rebels quickly took over daily. the heroic resistance of the indian people lasted for one and a half years. however, the forces were not equal. the colonial authorities dealt with the rebels cruelly, the enslaves, the boys were tied to the mouth of the cannon and were shot right through their bodies for the amusement of the public. these type of execution was called the devil's with the obliteration of the mutiny resulted in the death of 800000 inhabitants of india. however, the british empire never broke the free spirit of the indians and their will for resistance. november 22nd 2022 outraged orthodox christians confronted ukrainian security service offices

looking entrances and exits to keep the oldest monastery were looking for alleged russian spies among the monks. we mean dealer seeming or from a reason for the brutal crime down one church. his parishioners had sung a song about, oh oh, it's wrong been reason enough to condemn any old adult christian attack in prison and even kill them. russia, what i knew, rush up, i need to pick grass when you love store new when your store grow offline, you and your store as you used to stop a new phone i use from this dog with

the the news ah ah, welcome back. we are talking today about the cost of natural gas. so let's look at india, where the share of natural gas consumption has increased to 6.7 percent. and the aims to have 15 percent gas in its energy mixed by 2030. currently, coal is the primary fuel source used for power generation. oil is used for the transport and industry and bio mass for residential heating and cooking. but as india has face is worst power crisis in over 6 years earlier in 2022. india is facing mounting pressure to become energy independence. now let's dive deeper with energy economist the booty garg at this point. how is india balancing is to

priorities becoming energy independence versus cutting back on carbon emissions. right, so just to said the contacts, you know, they didn't find the me expanded out the read every point 7 plus and in finance. 122. and we are expected to demonstrate strong growth in the coming years. and this revival of nomic activity is for the leading to a surgeon and you can and mom, this is expected to kind of go at $3.00 to $5.00 to $6.00 pleasant every year. lease, and then so then says like forward 19, make as well as that i showed you 3 more have lead money, time tuning into naturally to done in watson in july on what is the lead them in the domestic market. so to address the issue of security and also protect against the price will be open to the strategy basically to explore more domestic resources to meet to the months or yes,

even in that is looking at that very easy to sleep. but while in yes, trying to increase domestic production by opening more minds for private production, but in order to meet the substantial and fees and demand in there also has non foreigner but in the deployment for the updated. and it doesn't actually move on to beautician, which has now kind of enhance and is committed to reducing admission and density by 45 percent off by 2030 compared to 2005 levels. and also to achieve 50 percent of install capacity from law enforcement sources. so that's why the mission, but at the same time it's quite achievement. but given the kind of demand growth that the note is likely to witness, there's not a push, not me too bad luck. you never know g, but also deadlock meant it was the value i think that's for those i know trying to reduce and i'm pulling them both. so the domain has any shape or introduce games

like production. they've been doing pre domestic manufacturing and also reviews and board dependent on products for the know you deployment for the noun, energy con, deletion china policy. they meant to lay down different options thresholds for radius one for use and also kind and now in carbon trading that booster and will energy deforming. so just as i met several measures have undertaken to push green and you are to need this model. yes. well, you should to d carbonite and they also will be another see to see men to the finding, etc. and how that makes sense for india to transition to natural gas and l n. g. when it is so much more expensive than coal, and what in high gas subsidies does burden the economy on? yes and yeah, good traction for natural gas. what kind of boy named right?

again, the man few months back dated star gas share. and they know you makes 215 plus then you know why the current is about 6 plus and, and this should have, we just raise from 6 plus and in 2016 to about 6.3 wasn't today. so this says despite you, knowing that has gone ahead and expanded, the guys didn't put the gas distribution that was guy says that sky, how could it be for natural gas? and you know, as being 50 percent of its domestic wyman from both for the gas guy search since october 2021 as wilson and death situation. the benchmark that which is the japan korea market. the j can, you know, has gone up and more than that between april 20, 21 and $3.00 and $4.00 that even the domestic gas prices have kind of

more than doubled as bad as that. and then you guys isn't concerned more than sure . so i think that's where it does hitting the use of gas quite substantially. the government is for the in fact, so on the boat was likely to announce another guy's your vision. you know, where prices are expected to rise for their buy one and a half time. and yes, the gas prices are goes up. it becomes difficult for the middleman because it means high, it's up to these. and given that the government cannot form these high cost, you can do multiple searches for this up to be bought and has in fees. for example, in the case of the subsidy, which has been going around to be one trillion almost, which is equivalent to us dollars for the bill then for 2 years is likely to go up to 2 trillion and then to be which is renewed. but anyways,

dollars for this fiscal year, due to the high gas prices, the government had stopped and could use up to be in the last few months, but is now planning to reintroduce them because the fired crisis and also for something like that, he goes distribution, but woman has mandated that will be domestic as we so as such, the push for gas, you does not boot ready for the minute on the me. current prices that we are missing. now, the minister of petroleum and natural gas hard, deep perry had recently said that fuel price rise in india had been contained in comparison to the developed countries. and his side is that the indian government has taken several measures to minimize the volatility of global crude and gas prices. so the indian gasoline prices were down, 2 percent drain july and august. while the rest of the develop nations saw gas prices jumped to 40 percent. now,

what exactly are those measures that they've put into place? and then boards 80 percent over 4. so while the partial petroleum diesel have been in the marketing dummies and did not increase the costs of petrol, n b, or the finally got to do more and they have been better in the last says on bad books. so one option for the government was to increase lead increase or diet cos. so the end can do monday without my child inflation, which the government did not allow, but there is some portion of losses that are sitting on the book and the loss of that kind of gone substantially in the last few months with the rise and prices. so what the new government has done for the head, you know, some of this type guys rise has to cut down some of the facts in which the, the mentors wine on both patrol

n b. and that's how they have tried to be the prices in range to maintain it for the ability which meant revenue last one of the men and some north i'd be owned by the mc. like now the guys is going down or, and he's had to being able to recover some of those losses because the faces had not been reduced. why boy prices the prices of bonds. but that's how it's one of the ways that the government has ensured that the prices are in the more affordable range state. southern states also reduce the state backs, which is why the rad it backs and then now on the patrol indies. and so that was one aspect and the other was and yes, started scouting for cheaper options. so it started buying more from russian food. natalie,

the objective that the government said was only based on commercial reasons and granting and inflation. so these are the measures that they've been and the government has taken many steps towards a glean alternative future. but do you say natural gas as more of a supplemental fuel or a true replacement? as i said, it does not have much of its domestic gas and has been bought being 50 percent of its gas requirements, the softening of gas prices. i'm not inside global, you just indicate that the prices will remain upward so, and then you guys are expected to remain above $25.00 for the rest of the and even the forecast says that so it won't go down below us. and on this claim, and we do in 2027. so the gas one commission, you know, what the government needs to do has to be the new technology can scale up for. and

then you guys, the non mich, why it wasn't as adding more and more sheriff independent energy to the grid be can be use us, makes a beginner ation resources. then the next we're going to ration like not get back to storage is becomes why, but for that them and my son's. and if i, if you know, for foster adoption of mason technology such as b hydrogen for sake, those for the lies and also make bio gas for the john for. so what i would recommend that any transitional use a gas should be limited or to set does with no competitive ortho made. that's weird gaseous or renewable energy update or hasn't been dealing with that. as i mentioned earlier, or as government should kind of renews, it's relying on using gas as the treaty booty guard. thank you so much for coming

on today. it's easy to spot the winners here on the natural gas playing field. us russia. countries blessed with vast quantities of precious natural resources to power the nation. and one can argue that while europe is paying for the higher cost of natural gas in the interim, it is winning and the long term goal towards sustainability and becoming carbon neutral. but is that really the case? perhaps the greatest hypocrisy in europe to coupling from russian gas relates to the environment. the carbon footprint of american l. n. g shipped to france is twice that of conventional russian gas. so we are witnessing a vicious circle sanctions against russia has increased international demand for fossil fuel, renewables account for less than one 3rd of all electricity generated. but at the same time, governments are reluctant to fund major extraction projects because of their

climate commitments. so the biggest, when are here is actually going to be big oil. but rather than reinvesting profits into new production to help displace russian oil and gas execs are rewarding shareholders. this sets us up for an even tighter energy market in the years ahead . and i'm thinking we go over $300.00 euros per megawatt hour on the dutch t t of gas uterus by year end, as we keep up this current pace of things. thank you for watching. we'll see you next time right here on the cost of everything. ah, oh oh oh, most mostly what you wanna give easy while for miss

out here with the large yet if so rush. so with that then you go cause them for a small watch. up all mutable apart is emiliano full of getty, of, from sheila, this is kim sylium, sort city of states, the y fi, ela a bill come? yes, my thought, or janine did it again, the audio fortune, very up. my, be a lot about this morning. it's are search financially

in 1898 the island of plenty to reach her became a u. s. colony, but still retain its own cultural identity. we can speak in favor of in the pantry, be thrown into prison today, close to half its population with moreover, residence in puerto rico, have new representation in congress and con, vote and u. s. presidential elections like okay, we're gonna make you american citizens, which you didn't ask for, even if we were offered citizenship with her, that we would prefer or wrong. if i want to get a who's in his twenties, he chose to fight for his homelands independence. we felt that we could generate more of a spirit of resistance rather than of submissive, accept a reality. the windfall was like shockingly unfair. my sorry that i decided to fight for my country. no, no. could i have done things differently? yes, absolutely. do i now think that violence is not the means to achieve anything with

the joggers archipelago roma that she goes to san diego garcia, the largest island in the archipelago is now the location of a very large u. s. military base. you get government, give our i to the u. s. government to make a military base and just defaulted, or douglas and people from their country. so they call return back on the island. no, but we are fighting. that's why i'm fat. we are fighting for the right so i . c we do not consider the right to self determination actually applies to the trickle. since i don't the question, no self determination of the legal advice we have received is actually that should go, since we're not and are not a people for me, it's done to move on and see what we can do for the child. said community to return

back home. there is no support from the united nation high commissioner again, united nish. i don't care about cognition people ah, violation of free speech and the rights of journalists. that's what russia foreign minister calls the detention not the chief expert. make lithuania news agency by authorities in last year we heard from the communications director of could next parent company devote to close, you know, the baltic states or rec, testing ground for lawlessness. the act either on direct instructions, more in coordination for superiors and the european union. and in the you were a refuses to stop shooting for orthodox christmas. after vladimir putin old is a 36 hour russian sci fi to begin on friday with the un chief scraps, a fruitless mission to investigate the mass killing of you.