a ticker economic, those numbers of national with flow automated from the loading dissertation, the issue, the facial sleeper solution failures with what we've got to do is identify the threats that we have. it's crazy, even foundation, let it be an arms race who is on often very dramatic, a development only personally, i'm going to resist. i don't see how that strategy will be successful, very difficult time to sit down and talk

with joggers archipelago coma 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 could give a med, geez, i to the u. s. government to make a military base and just deported all of douglas and people from their country. so big college return back on the island. no, no, but we are fighting. that's what i'm fight real fast thing for the right. so i, we do not consider the right to self determination actually applies to the general . since i don't the question of self determination, the legal advice we have received is actually the chic options. we're not at all, not a people for me, it's time to move on and see what we can do for the congress said committee to return back home. there is no support from the united nation. i commission african

united nish. i don't care about chug restaurant people oh, with winter fast approaching the cost of natural gas, a ways to heat a home are becoming a big burden to bear for many european houses. the european natural gas and for prices of 15 and 233 percent during one year ago. so why of a sudden surge and prices? and more importantly, why does natural gas costs so much more in europe than it does in the united states? i'm christy i and you're watching the cost of everything where today will be taking a closer look at natural gas and breaking down the supply chain that is so crucial to our global economy. so why exactly is natural gas so much more expensive in europe then?

basically everywhere else, while surprisingly the natural gas market is not as global as you might think. the european benchmark known as dutch t t f is priced in euro's per megawatt hour, making a hard to see just how much more expensive it is in the u. s. natural gas is priced by henry hub in millions of thermal units. now, after converting it to get apples to apples comparisons, europeans actually pay a staggering $9.00 fold higher cost for natural gas than americans. so what caused this huge increase? well, part of that actually stems from supply and demand. the e u and the u. k. is liquefied natural gas import set an all time historical record high in april of 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 had 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 . now let's bring in one ricardo ortega, president of both high energy group who is at this very moment in germany. one of the places where natural gas is making headlines. so 1st a lot, 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, but they are bringing more picture into the and 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 not 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, unfortunate based on avoidable not just coming from the energy transition, is 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 be forced to break away from the washington agenda and we focus is business and economic ties with russia. given that the you is so reliant on russian gas, i doubt it. the level of to ration and disappointment, what has been going on is pushing. i know that agenda as with significant resources

and economic groups behind it, development of all the source of energy, hydrogen in as many forms, methanol, a, ammonia. they are going to be looking for new alternative views. and they are pushing the occasional economy as one of their main goals. how that burden and that pain might be shared between the budget. so the government and the citizens, i think, is going to be the main discussion regarding shifting the policy a i see that has very unlikely and what you're going to see is so significant strain in the coming years. ready and then the national markets where the weakest economy, something weakest countries, i want to be users. but the energy is going to remain in i didn't know where

to reach powerful gone through. so i'm going to continue finding a new. ready source where they're going to be getting what they need. ready much higher price, and i think everybody's getting used to it, assuming the cost of energy is increasing the country, the medium to long term, want to new 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. going to be prices that could be anywhere around $30.00 to $40.00. it's going to be much higher. and i'm probably, that's what it is. want to facilitate and help that transition. put a new energy sources. and i think 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 would be mostly producing the same european country.

so i don't think they mine that so much if they manage to keep the price for the public in their acceptable level. so the level of subsidies is going to be the main challenge and how they are going to fund those deficits. yes. and 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 that end? this is going to continue on till you find the resolution to your credit institution. and i see that is going to be a lot of pain everywhere, not just between russia and euro 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. you can see that in the market, the viewer audrea and the same in, in food stops, was countryside experience invasion would start substitute 2028 percent. so this is gonna continue until there is a solution for you from your country. 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, china is going to have it again advantage because they probably would this one of the buyers of the receipt. so that may be a lot of it will have to be defined by how the winters behave. if you have a mile winter nation in my winter in europe,

this is going to be by guest. did you have 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 this coming winter. when this push to a glean 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 mainly 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 that is going to be growing consumption of energy efficiency and song. but our little markets i wanted

you got a look, or it could be hydrogen that has significant challenges in the transport. but it could be ammonia is the new technologies for cracking it become cheaper and more efficient. could be math and all. and some of them for sure, going to become significant bayers in transport, mostly shipping, air, fry, drugs, trains, and airplanes. and those markets are gone in are going to cheapest, most likely to lead new sources of energy and industry. you can clearly see germany now, companies looking at the production of steel based on hydrogen bonding, 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. hon. ricardo arcadia 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 is european allies. this quantity is limited because the high transportation process to ship natural gas overseas. now in our, 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, sy, producers, are maxing out the available liquid occasion capacity. and most of our natural gas will be trapped in the us, unavailable for export. such a break it down, estimated little 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 love. mm. so what is the cost of natural gas for countries are less with vast reserves of a fuel? we'll discuss more after the break. ah ah. november 22nd 2020 to outraged orthodox christians confronted ukrainian security service offices looking entrances and exits to keep the oldest monastery. they were looking for, alleged russian spies among the monks. we mean dealer seeming or perform

a reason for the brutal crime down one church. is parishioner said song, a song about russia. ah, it's wrong been reason enough to condemn any orthodox christian attack in prison and even kill them. russia, what i knew russia finance because when you love store and you, when you store a fro offline, you and your total thought i shoot you a new bomb. i used from his dog with a

mm hm. mm. 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 as it 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 of for residential heating and cooking. but as india has faced is worst power crisis in over 6 years earlier in 2022. india is facing mounting pressure to become energy independent. now let's dive a bit deeper with energy economist booty guard at this point. how is india balancing it's true? priorities becoming energy independence versus cutting back on carbon emissions. right, so just to said the contacts, you know,

they didn't find me expanded out to read every point 7 plus them in finance, one 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 come in and the 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, well, we're 90 to make as and as i show you, 3 more have money country tuning into naturally to done in hooked and rely on what is the domestic market. so to address the issue of energy security and also protect against the price. wanted to lift you up in order to use the strategies basically to explore more domestic resources to meet energy demand for yes, even in that is looking at back to sleep. but while in yes, trying to increase domestic production by opening more mines for private production

. but in order to meet the substantial and fees and demand in there also has been non 40000000000 deployment for the updated and which isn't actually form tribunal and which has now kind of enhance and is committed to reducing and mission and density by 45 and by 2030 compared to 2005 levels and also to achieve 50 percent of install capacity from law enforcement sources. so that's why the missions, 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 model need to be lottery numbers and g, but also development across the value. i think that's for those i know trying to reduce and i'm pulling them both. so at the moment has initiated or introduced seems like production. they've been doing pretty domestic manufacturing. analysts and reviews and board dependent on that's what they want to know. you deployment.

why the noun, energy gone deletion? bear the china? the impala thing didn't mean to me down the damping threshold for radius on, for since use and all, it's still kind of and now in carbon trading, that booster will energy deforming. so this just i met several measures have undertaken to per screen and you are the native model near solutions to the carbon eyes. and it doesn't say there was also going to be another factors like the cement, refining, etc. and how does that make 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? yes, india with traction for natural gas. what kind of boy named right? again, the men few months back dated star natural 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 know, has gone ahead and expanded the gas did, and to the gas distribution met. guy. so that spy, how could it be for natural gas and you know, 50 percent domestic wyman from. and so the gas guy search since october 2021 as well as in india situation, the benchmark that which is the japan korea market. the j can, you know, has gone up and more than debate between april 2021 and 3 and 4. that even the domestic gas prices have kind of more than doubled about

it. so you, you better than concern, 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, gas prices goes up. it becomes difficult for the government 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 the for example, in the case of this up to be, which has be holding down to be one trillion or most, which is equal 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. belinda has dollars for this fiscal year due to the high gas prices. the government had stopped energy subsidies in the last

few months, but is now planning to reintroduce them because of crisis. and also for something like that, he goes distribution. the government has mandated that will be domestic as we so as such, the push for gas you does not bode well for the many on the me when current prices that we are missing. now, the minister of petroleum and natural gas hard, deep perry had recently said that the fuel price rise in india had been contained in comparison to the developed countries. and he 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 developed 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 of it for so while the cultural petroleum diesel have is

in the marketing dummies and did not increase the costs of patrol and b, 2 or the finally got to do more. and they have been very subtle. the last says on bad books. so one option for the government was to increase lead even pre bang or cost to 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 just got 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 didn't reach

to maintain it for the the late fee, which meant revenue loss. one of the men and some loss as be owned by the amc. like now would those guys is going down when you have the being able to recover some of those losses because the faces have not been reduced? why lloyd price as the google oil prices, and 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 wants to reduce the state backs, which is the why the bad route. 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 by war from russian food. natalie, the objective that the government said was only based on commercial reason. the and to contain in inflation. so these are the measures that they and the government has

taken many steps towards a glean alternative future. but do you see natural gas as more of a supplemental fuel or a true replacement? as i said, and does not have much of its domestic gas and has been in both 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 a lot so and then g guys is expected to remain above $25.00 a month for the rest of the year. and even the focus is that, so it won't go down below us. and on the claim and we do in 2027. so the gas one to be sion, you know, what the government needs to do has to be the space a new technology can see lap or, and then you know, guys, the non mitch are required because it is adding more and more shadow for

independent. now, due to the grid be can be used as makes a beginner ation. resources that are the next generation for like not getting back to storage is becomes why, but for them and my friends then defy uniform. foster adoption of mason technology such as b hydrogen for those for the lies, and also make bio gas for the transport se. so what i recommend that any transitional use of gas should be limited or to set us with no competitive ortho native's or where gaseous or renewable energy update or hasn't been dealing with that. as i mentioned earlier or as government, when should kind of renews. it's relying on using gas as a time that treat to the 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,

country, 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 futures by year end. as we keep bumped this current pace of things. thank you for watching. we'll see you next time right here on the cost of everything. ah ah, what else? truth seem wrong, i just don't. i mean you move to sheep out because out to kid and engagement equals the trail. when so

many find themselves will support. we choose to look for common ground. oh is your media a reflection of reality? in the world transformed what will make you feel safer? isolation, whole community. are you going the right way or are you being led to some with direct? what is true, what is great? in the world corrupted, you need to descend a join us in the depths or remain in the shallows.

the joggers archipelago, homer, the to go. san diego garcia, the largest island in the archipelago is now the location of a very large u. s. military base. you get given med, dees, i to the u. s. government to make the military base and just deported all of the juggle. send people from their country. so big caught return back on the island . no, but we are fighting. that's why i'm fight. we'll fighting for the right. so i, we do not consider that the right to self determination actually applies to the trickle. since i don't the question, no self determination, the legal advice we've received is actually the trickle. since we're not, i'm not a people for me, it's time to move on and see what we can do for the color said community to return back home. knowledge support from the united nation high commission,

african united, michelle. i don't care about checklists and people ah, ah hello and welcome to cross stock where all things are considered. i'm peter lavelle . russia in the west survived the cold war because both recognized and practice the concept of indivisibility of security. one country should not attempt to attain security at the expense of another country. this is exactly what the west has done against russia to the point of claiming russia has no right to any security guarantees. ah.