n g. we do need to recall that the l n g market is truly global. and there are major economist, most notably japan and south korea. those are dependent 100 percent for the natural gas from l n g. so your is competing for that supply from other sources and it will take 4 or 5 years to get a supply response for new projects or up to meet to meet the required demand. but l n g will be one of the critical elements for diversifying the european gas supply slate. that was michael stopper from h as market. now it's a common problem for, for some of the most beautiful places in the world. everyone wants to see them, but the more people come to less attractive it is. the trend of the citizens of key west have long been familiar with. and now they've put a stop to it. palm trees on beaches. pastel colored victorians and memories of hemingway. that's what key west over run by masses of tourist spit out of giant cruise ships. big ships do tremendous damage to our ecosystem. his ships are too large for our long, narrow ship channel and they come through and they

ready no way and from l n g. the 2nd point that's very important, remembers the winter is now behind us. we're well into spring and gas demand across here is declining very sharply. so the key issue now becomes preparing the storage bill that's required over the next 6 months to prepare for winter. and indeed getting those re gas terminals in place to prepare ourselves for winter. so we have a 6 month preparation period. it's very important to make maximum use of i mean, given how expensive l n g is, how realistic is that? that will play a major role in the energy supply going forward. and she will play a critical role. i mean, the entire energy complex is extremely stretch, so price is the very high. but the cost structure of l n g is well below the car, very high levels. if we get more investment, we can see competitive price is emerging, but that will take some years as we adjust from this very high level of use of russian pipeline. and we move to great use of alan. gee, we do need to recall that the n g marke

but since then, a lot of these projects have kind of sputtered one example in 2020 and l n g port and l n g porch just said that they were going to shelf the plan, the utility trying to build this port that they're going to show the plan because of a lack of interest from quote, market players. so things have kind of sputtered out. and part of this is the financial incentives. why would you invest hundreds of millions of euro's into l. n g terminal ports and you've already invested hundreds of millions of euros in other projects including are extreme to. so if you're just looking at the bottom line here at that time, the incentives were clear, fast forward to 2022 though. the high of chief russian class gas has firmly worn off and we are now very clearly in the hangover period because of the warren crane and the subsequent sanctions were to much, much different place. so after the invasion directly after the invasion of ukraine, chancellor, olaf sholtes said that they were going to resume some of these projects. in total, there are 3 german cities that could be the home for potential

the united states has a limited capacity in terms of its l. n. g exports. there are fixed number of liquid faction facilities that oil and gas industry will have to really up its production. after having been told for the past year of the bided administration, that they are public enemy number lines and they should have been treated with all kinds of regulatory barriers that prevented them from increasing production. so i don't see how the industry will respond to an administration that has been so anti oil and anti gas and anti fracking by simply immediately ramping up production and investing billions and billions of dollars in new capacity. i just don't see it happening. i question to richard place europe is basically cutting itself off from the resources it depends on will it be able to find alternative supply that similar price is low and if not, it's then who's going to buy the burden of the new cost. right, well the answer is no. i mean, opec today came out with a statement saying that it's impossible to replace a russian production. and it's true al

in the shipping of l n. g. as you point out the united states, we're to peak last month about the problem. 14000000000 cubic feet a day of send out. there are other projects that are being commissioned, but yes, it will be slow going, but i would, i would not necessarily see that anyone has additional capacity at the present time . we would certainly think that we are producing all the elegy we could globally, tom in reality then. so what sort of help can washington give to the europeans in the short term? if any i'll be honest with you. i don't think that they can. i, you know, i don't mean to talk negatively about the administration wanting to help you work, but it's, it's going to be a long process. no, we're going to expedite some of these projects that are sitting on the table. you can, you know, you cannot build an l, n, g liquefaction plant overnight, so that, you know, again there's, there's no way to sort of in the short term increase supply. we're, we're doing what we can, we're maxed out as you menti

but since then, a lot of these projects have kind of sputtered one example in 2020 and l n g port and l n g porch just said that they were going to shelf the plan, the utility trying to build the support. so they're going to show the plan because of a lack of interest from quote, market players. so things have kind of sputtered out. and part of this is the financial incentives. why would you invest hundreds of millions of euro's into l n, g terminal ports, and you've already invested hundreds of millions of euros in other projects including north stream too. so if you're just looking at the bottom line here at that time, the incentives were clear, fast forward to 2022 though the high of cheap russian class gas has firmly worn off . and we are now very clearly in the hangover period because of the warrant crane and the subsequent sanctions were at a much, much different place. so after the invasion directly after the invasion of ukraine, chancellor, olaf sholtes said that they were going to resume some of these projects. in total, there are 3 german cities that could be the home for po

as germany is urged to stop in boating, russian gas will visit to region banking on l. n g being the future. as the state of your business on robots in berlin, welcome to the program. inflation has become a global problem up while european and north american countries are battling annual rates in the single figures in latin america, it is a different story. prices in argentina rose by 6.7 percent in march alone, putting the country on cost or inflation of over 60 percent this year. as their spending power plummets, argentinians are taking to the streets. they are sharing their meals and their concerns. demonstrate a sienna gen. tina's capital bonus iris are demanding more support from the government as inflation and constantly arising food prices drive people to despair . but never forget, but oh, no matter how much we produce, we're still poor poorer and poorer because inflation is eating away. polarizing the salaries, weight of a linear were you that in 2021 inflation was over 50 percent. the central bank has already raised the key interest rate 3 times this year. but eve

but since then, a lot of these projects have kind of sputtered one example in 2020 and l n g port and l n g porch just said that they were going to shelf the plan, the utility trying to build this port that they're going to show the plan because of a lack of interest from quote, market players. so things have kind of sputtered out. and part of this is the financial incentives. why would you invest hundreds of millions of euro's into l. n g terminal ports and you've already invested hundreds of millions of euros in other projects including are extreme to. so if you're just looking at the bottom line here at that time, the incentives were clear, fast forward to 2022 though. the high of cheap brushing class gas has firmly worn off and we are now very clearly in the hangover period because of the warrant crane and the subsequent sanctions were to much, much different place. so after the invasion directly after the invasion of ukraine, chancellor, olaf schultz said that they were going to resume some of these projects. in total, there are 3 german cities that could be the home for potentia

all the other alternatives, like for example or more l n g. well, that requires a dedicated infrastructure, rigorous, if occasion, facilities, most countries don't even have access to the c. so they cannot be even receive l n g. so these are long term processes. they cost a lot of money. so yes, over the near term, europe will have to import rush and gas. whether they like it or not, they are going to do is always to commit because i'm a suicide. but i don't think this is what your wants to see. do you think it could be a case if you can all make interests prevailing over politics? eventually? i think that you cannot cheat the laws of economics. you cannot, you know, run what i call a faith based energy policy. and the end of the day there is a trickle down effect. everybody will believe in their pockets. everybody will feel that in the standard of living, let's not forget that when an industry shuts down, because it's no longer competitive, it's very difficult to bring it back online. it's very difficult to restart factories that have shut dow

the core of what i'm offering is a long term strategic relationship that starts with l. n. g. then quickly moves also into renewables, especially hydrogen shipping american, alan g across the atlantic to save the environment really with the environmental harm caused by chilling shipping and re gas defying natural gas. these countries might as well just use coal. just ask the experts building even more l n g export terminals would lock in fossil fuel infrastructure and pollution for decades to come. so who wins out from the west? stubborn attempt at spiting moscow. the fossil fuel executives who progressives have hated for the past several decades. cold prices are likely to rise further, as demand increases. oh, how quickly principals are gone with the wind when the west doesn't get its way. let's turn attention to the u. k. the new report suggests the energy crisis is pushing inflation up towards 9 percent, which would be the eyes figuring 40 years. coupled with a forecast dropping income, many u. k. households are expected to be pushed to the brink. we spoke with economist mum

it processes the l. n, g and pipes? it into the countries network. the most significant change happened there before the terminal. and after the terminal, before the terminal lithuania and the baltic states have been paying the highest price in the whole europe, approximately up to 40 percent more, just because we did not have an alternative. after the independence started the variation of the region, the natural gas prices became just the same. as in the western europe, the decision to name the terminal independence is telling. it means the 3 area no longer needs rush and gas, which used to arrive violent based pipelines. unfortunately, the ship itself and many of the port facilities on close to farming because of the ukraine, walks out of fear of possible russians. somewhat tosh. the rat tanker that delivers the liquid gas bring supplies from norway, u. s. and the iranian peninsula at then transfers the l. n g to the independence. the freezing liquid has a temperature of minus 160 degrees celsius. the terminal, it converts it back into gas form. be

from here, l n g flows to lift the wing as neighbors. the operator is preparing for increased demand. this place actually is connected to the new gas pipeline that this sir, being ker, under a very finishing could touches center, we will start did the on the 1st of may, head towards poland and gas interconnection between pond and athena. it's now easy for lithuania, poland, estonia, latvia, and finland to swap the gas reserves. so they have much better chances of making it through a russian gas embargo. now to some of the other global business stories making news stain with gas, the price of u. s. natural gas associates, highest level since september 2008. the rise was driven by a global energy crunch over russia's war in ukraine, as we've heard, as well as forecast for an extended spell of cold weather. french court has given to form a delivery executive suspended one year prison sentences that on top of a 30000 euro fine for abusing the free lunch status of its delivery drivers. the court also find the british food delivery company its

month, townships filled with liquefied natural gas, had to lithuania phi, the baltic, c one full l n. g, korea is all it takes to supply the countries $2800000.00 people with gas for half a month. we've been invited to take a peek at the high tech floating ellen g terminal that makes it possible in the port city of chi pita. before the terminal lithuania and the baltic states have been paying the highest price in whole europe, approximately up to 40 percent more just because we did not have enough time to do . after vien defendants started the variation of the region, the natural gas prices became just the same. as in the western europe, the terminal was cold independence because it makes lithuania completely independent of russian gas, which until recently was delivered via pipelines foaming in the terminal. and the port is prohibited due to fears of russian sabotaged. the ellen g comes from norway, the u. s and the gulf states, the gas which has cooled down to minus 160 degrees celsius for shipping, is converted back to gas and fed into lithuanians grid through underground pipelines.

it then transfers the l. n g to the independence. the freezing liquid has a temperature of minus 160 degrees celsius. the terminal it converts it back into gas form. before feeding it into lithuania is under ground pipeline network. i think i asked if germany could also use a terminal like this 2 units have off brush and gas. i don't see any reason why it would not be feasible. for example, the fe in the a natural gas consumption. annual consumption is approximately 2000000000 cubic meters. and this specific vessel has a capacity of free boy and 75. so that means that it can supply lithuania and neighboring country as a with natural gas. so latrina has a guest surplus which can be redistributed elsewhere. the type header terminal only took 2 years to build and our plans to expand it, while it and shortly to indian independence from russian guess it also benefits other countries called to find out how that works. i travel inland this gas distribution have is 300 kilometers from flight header. close to that if union, capital 1000000000

but since then, a lot of these projects have kind of sputtered one example in 2020 and l n g port and g porch just said that they were going to shelf the plan, the utility trying to build this port. so they're going to show the plan because of a lack of interest from quote, market players. so things have kind of sputtered out. and part of this is the financial incentives. why would you invest hundreds of millions of euro's into l n g terminal ports. when you've already invested hundreds of millions of euros in other projects, including nordstrom too. so if you're just looking at the bottom line here at that time, the incentives were clear, fast forward to 2022 though the high of cheap russian class gas has firmly worn off . and we are now very clearly in the hangover period because of the warrant crane and the subsequent sanctions were to much, much different place. so after the invasion directly after the invasion of ukraine, chancellor, olaf schultz said that they were going to resume some of these projects. in total, there are 3 german cities that could be the home for potential en

but since then, a lot of these projects have kind of sputtered one example in 2020 and l n g port and g porch just said that they were going to shelf the plan, the utility trying to build this port. so they're going to show the plan because of a lack of interest from quote, market players. so things have kind of sputtered out. and part of this is the financial incentives. why would you invest hundreds of millions of euro's into l n g terminal ports. when you've already invested hundreds of millions of euros in other projects, including nordstrom too. so if you're just looking at the bottom line here at that time, the incentives were clear, fast forward to 2022 though the high of cheap russian class gas has firmly worn off . and we are now very clearly in the hangover period because of the warrant crane and the subsequent sanctions were to much, much different place. so after the invasion directly after the invasion of ukraine, chancellor, olaf schultz said that they were going to resume some of these projects. in total, there are 3 german cities that could be the home for potential en

why would you invest hundreds of millions of euro's into l n. g terminal ports, when you've already invested hundreds of millions of euros in other projects including nordstrom to. so if you're just looking at the bottom line here at that time, the incentives were clear, fast forward to 2022 though the high of cheap brushing car gas has firmly worn off . and we are now very clearly in the hangover period because of the warrant crane and the subsequent sanctions were to much, much different place. so after the invasion directly after the invasion of ukraine, chancellor, olaf schultz said that they were going to resume some of these projects. in total, there are 3 german cities that could be the home for potential n g ports and they're all in the kind of the northwestern part of the country, i think in the neighborhood of homburg. and one that was moving along the permitting process was in shotwell and analysts say that that project could get the green light could get a building permit in the next few weeks. but best case situation that would be com

it has to rush and gas. expanding the l. n. g network offers all involved the means of surviving even the threat of a complete russian gas embargo. ah, perhaps you've heard the saying, the 1st casualty and war is truth. but modern technology has also made hiding the truth more difficult. take rushes claims that ukraine is faking evidence of war crimes committed by russian troops. higher solutions satellite images have disproved moscow's allegations. this has put the spotlight on the already booming satellite business investment bank. you be asked? estimates that global space industry revenue from commercial services will almost quadruple between 201620. 30. the harrowing satellite images from ukraine have only emphasized how important satellites can be satellite images that provide evidence of the massacre in the ukrainian town of butcher that came from a private satellite operator whose image is detailing the will have drawn lots of attention. anyone can order their photos and business is booming. to why new satellites are launc

then quickly moves also into renewables, especially really hydrogen shipping american l n g, across the atlantic to save the environment really with the environmental harm caused by chilling shipping and re gas defying natural gas. these countries might as well just use coal. just ask the experts building even more l n g export terminals would lock in fossil fuel infrastructure and pollution for decades to come. so who wins out from the west? stubborn attempt that spiting moscow. the fossil fuel executives who progressives have hated for the past several decades. cold prices are likely to rise further, as demand increases. oh, how quickly principals are gone with the wind when the west doesn't get its way. the can other story to bring you today. russia's finance ministry has denied allegations of the country has officially defaulted on its foreign dead. moscow insists it has enough reserves to meet the obligations and is willing to pay. it's ready to prove it. and course, of course, we will sue because we have taken all the necessary steps to ensure that invest is received their payment

this gives us the opportunity to replace the russian l n g this year . second, for the coming years, we're aiming for at least an additional 50000000000 cubic meters annually. this will give us the opportunity to replace at least one 3rd of the russian pipeline gas arriving in europe. spawn tuesday was in a funder lion proposed an import ban on coal worth 4000000000 euros a year. cement would, in vodka from russia are also on the new sanctions list. half of the use imports of lig night and hard coal stem from russia, which it needs for steel and electricity production. those supplies would need to come from elsewhere, such as the usa, columbia, and south africa. the dependence on russian gas is similarly high. 45 percent of the use gas comes from russian. it's far harder to replace than coal. so far, germany has stood in the way of a complete gas shut off, claiming the economic impact on europe would be too high. let's get more of this from the w's ashtosh pan day. he is our expert for commodities ashtosh. the e. o is russia's biggest oil buyer. what wou

that's roughly 22 percent of the world's demand for l. n. g. o must double its share of the global market in 2020 an added bonus is that it will overtake the australians in guitar, eas, another added bonus. it's brought the fossil fuel industry, some breathing room. europe had been moving away from fossil fuels while state side, the coals to go green, grew daily, the oil and gas execs thought that time was up, but not enable. we commend the administration's focus on addressing climate change and share the goal of reducing emissions across the economy. but we cannot let that objective detract from the clear and present need for continued responsible investment in oil and natural gas development. the only people who won't be so pleased, the ones picking up the tab. we have to be aware that the companies who have signed long term contracts with gas prom do receive gas at significantly lower prices than we have to pay in the l. n. g market said there will be impact on our energy prices for the u. s. t o a win win. not only when it rake in the dolla

and e u announced a deal to boost l. n. g supplies to europe by the end of the year, and the mid wave after wave of sanctions on russia. so you members have been forced to reconsider the green agenda revert to using coal as they work their alliance on brushing gothic are these donald quarter explains fear p and union painful losses for the green agenda and frances recent presidential election, the greens didn't even get the 5 percent needed to reimburse campaigning costs. and in germany, a choice between harming vladimir putin and sticking to sacred green principles. spoiler alert, berlin chose the 1st one and decided to return to call so much for what world leaders were saying just a few months ago. countries are turning their back on coal. the end of coal is in sight. on the contrary, coal is returning with a vengeance. why? the west is willing to go to any lengths to heart russia over its special operation in ukraine, even if it means playing dirty and replacing russia natural gas, not with solar panels, not with wind mill

the united states has a limited capacity in terms of it, l. n, g exports. there are fixed number of liquid action facilities that oil and gas industry will have to really up its production. after having been told for the past year of the byte in administration, that they are public enemy number lines and they should be treated with all for regulatory barriers that prevent them from increasing production. so i don't see how the industry will respond to an administration that has been so anti oil and anti gas and anti fracking. they have not a clue how they will manage. this is just the way should the reality now already shows that these are strategies to do not work, who are not thought through. and it will come to time when the people realize and this time will be very, very shocked me. especially when the jeff, when the energy supply doesn't re, doesn't last anymore. when they need to reach change, they enter program and return to rush are and suppliers to get the gothic. but despite the stock warnings over its energy reserves, berlin is still seeking for

are diversifying our sources and we'll do so in the coming month celtic, we will use the existing l. n. g terminals on the west european coast. i'm a builder own elijah terminals much faster than before. that's ball building new l n g or liquid natural gas terminals cannot cover all of germany's energy needs. it's thought the terminals will not be on stream for several years. and in the meantime, gas will still be needed. this is the hides craft back in central berlin here natural gas is turned into heat and light, the thousands of homes for industry and the public sector in this city. it's one of many such installations all across the country. much of the power use in these stations comes from russian natural gas and cost this country every year, billions of dollars. for many years, the political elite here tolerated such a dependence on russian fossil fuels long after crimea was annexed in 2014. germany's previous chancellor angle america did not stop the now shelved an old stream to pipeline which connects russia to germany by the baltic c. l. deutschland huts in as for germany, wants

so before the new heating season stars, so m l n g and norwegian gas of course, is quite more expensive than siberian gas m. and this maybe could be the challenge more than the question of delivery here. and the question of maybe even higher inflation numbers, and we have already problems was that he and paul and like in other countries as well, they and most european countries refused to pay in roubles for russian gas. what does this move mean for them? do they have to have to be afraid? now what might come next to my mind, this is exactly the point here. i think putting it tried to give a kind of warning signal to other countries that are left prepared. that is hungry, that is austria. and 1st of all, it is a germany, they don't have so many alternatives. their reserves are not the whole, like in poland. and poland was about to any way to stop gas cooperation with russia and the contract are about to exceed at the end of the year . so this is a process that has now been passed and ad, but poland was any way ready to go away from russia. so they are hitting a client here that would not

s. provides us with at least additional 15000000000 cubic meters of l. n. g gas. this year. this gives us the opportunity to replace the russian elegy this year. second, for the coming years we're aiming for at least an additional 50000000000 cubic meters annually. this will give us the opportunity to replace at least one 3rd of the russian pipeline gas arriving in europe. the head of the commission or is along the lines speaking there. now, more than 4000000 people have so far fled the war in ukraine, according to the united nations, the people forced to leave family, friends and homes, are also leaving behind their jobs. and what they have worked hard for to achieve one refugee is trying to bring his business with him and build back what he has lost. it's hard to understand what, what feelings are connected to arrive in berlin and what feelings are just connected with all the situation with a ward in general. so yeah, that's why i'm happy my family's safe. i'm safe. my parents are safe, so yeah, i'm happy at the same time, the lot of my friends and again, my brother's in l

a gas pipeline, plus its complimentary words is to substitute importance of the to replace all the l n g and stop burning liquids in argentina to generate energy and also for environmental reasons. secondly, we can generate the amount necessary to export after being an energy import for years, the pipeline project is set to make argentina an exporter, supplying neighbors such as brazil. and sheila i said you're up to date with d. w. business, but if you want more, you can check us out on youtube of course in a d, w, use youtube channel and also on facebook. and don't forget our website, d, w dot com slash business. and daniel winter from me and the business team here in berlin. thanks for watching and have a great weekend. what making the headlights and what's behind them? dw news africa. the show the faculty issues have been the continent. life is slowly getting back to normally where on the street to give you enough reports on the inside. our correspondence is on the ground reporting from across the continent. all the trends doesn't matter to you. next on d, w to india, monkeys on the

and there is no l n g terminal. there's no infrastructure to start and importing gas from somewhere else . so oil is the place is done, oil is easier to know, substitute from the middle east. let's say there's terminal there is infrastructure for it to be transported so that you know, that's the obvious thing. but of course, as you say, so you know that there is also the other 40 or 45 percent of exports that are coming from russia. and those could be targeted like metals, chemicals, other things. it's important to target exports, not just important to russia, because that was going to devalue the rubel. that's what's going to depreciate the ruble. that's what can drive up inflation in russia and really drive home the message to the russian population that this war need to stop. so this is what we're, this will what we're encouraging enough to do alex center. i want to talk to you about the situation in ukraine despite the fighting the war, the hardship, the death. is there still economic activity? yes, there is sti

plus its complimentary works is to substitute imports of the to replace all the l n g and stop burning liquids in argentina to generate energy and also for environmental reasons. secondly, we can generate the amount necessary to export our list. after being an energy import for years, the pipeline project is set to make argentina an exporter, supplying neighbors such as brazil and chile. unless it you're up to date with d w business. but if you want more, you can check us out on the future. of course, and d, w. music channel, and also on facebook. and don't forget our website, d, w dot com slash business on daniel winter from me and the business team here in berlin. thanks for watching and have a great weekend with a joy ride through fascinating worlds. into uncharted depths, our guides know their way around with a strictly scientific trip to some pretty wacky places. curiosity is required to borrow to day, ah, on d, w. bank to me to in the city. the florida exclude 2022 in the motherland shows how to deal with green, living and innovative world exhibition for the cities of the future.

cation or gas pipeline, plus it's complimentary words is to substitute importantly to replace all the l n g, and stop burning liquids in argentina, to generate energy and also for environmental reasons. secondly, we can generate the amount necessary to export after being an energy importer for years, the pipeline project is set to make argentina an exporter, supplying neighbors such as brazil. and sheila, i say you're up to date with d, w business, but if you want more, you can check us out on the future. of course, no d, w, use youtube channel and also on facebook. and don't forget our website, d, w dot com slash business on daniel winter from me and the business team here in berlin. thanks for watching and have a great weekend with blue, be loud, be visible and help others with your story. every 3rd woman is a victim of gender violence. they have experienced it 1st hand in demand that you look and act stop violence against women. ringback ringback ah, next on d, w the fate of the nation. the history of the red army. in part one of our documentary founded in 1918 to defend the young, the s