l. n g a. i gave you an example of the a 1st arctic i as b d, it is an l. i of this, ellen g, a project. the 1st tanker has been delivered already. everybody buys and if for european countries would like to wish to reject their center, they don't need these competitive advantages. that is fine. what about restrictions on the gas prices? well, this is another silly thing. this has nothing to do with the market relations and this decision will have no future, all administrative restrictions in that they see of world trade, they will lead only to a disproportionate and a higher prices. what is happening now into european markets? what did this is the result of the european specialist and european commission, our work we have been always insisting on forming the prices on the basis of long term contracts. and this should lead with you to linked to your market category oral and oil products. and they are usually determined by the market and a gas prices. they are linked to this in a long term perspective. why is that? because the production of oil and gas requir

a lot of l n g essentially came in to replace the molecules that have been lost from russia and cut tar has been playing in a role here. and now germany hopes to get us a sheer out of the expanding production in katara, notably the northfield, which comes on line around $252627.00. and although this lies in the future, it will be important for germany and europe to secure part of that simply because the russian molecules are not going to come back. so a lot of what shoals is trying to do at the moment is forward looking. policy is certainly not about the upcoming winter, and striking a deal for that. and my job is away. what are the gulf countries get out of this? the united arab emirates, saudi arabia and cuts are obviously, they're going to get more business and they going to get so more energy. but beyond that, in terms of the, of the geo politics, what do they gain from this? you know, hasn't been very interesting debate going on now about what's happening between europe, jeremy or other countries and those states. the nature of the debate basically is but interesting because what t

so whoever is producing gas and exporting it to europe either be a pipeline or l n g is now making a lot of money. and this is why we start to see also conversations. for example, we have recently seen an interview by den or regional prime minister saying we are aware of the difficult situation right of europe and the betty i gas price we. we are open to discuss the price caps in order to lower our own gas supply. to, to europe, the price of our own got supplies to europe if we buy our long term contract seen in such a manner. so i think there is a clear condition that some countries, the gas producers, the producers, are making a lot of money in the moment. and this certainly represents an international trade distribution issue. russia also, of course, facing a long cold winter just how much have western sanctions against russia hurt its economy. president putin says that the sanctions of backfired is, is he right or the people of russia going to feel it hard this winter to? well, the better reason that the moscow as being rushing in clothing north stream in september, rather than a

l. n. g. to fill much of the need on tuesday, it's efforts took another step forward. construction on a new 40 kilometer pipeline is set to begin at this facility. and lube mean this pipeline will be in the middle of the baltic sea. it's a key piece of infrastructure to get elegy off of ships via future terminal and sent to the rest of germany. lube mean will be germany 2nd, ellen g terminal. it's 1st is in vill helms hoffen. it's anticipated to go online this winter. them. the project will open the doors for liquefied natural gas to be delivered through existing networks. germany's climate, an economy minister, robert high back toward the site, which is expected to start delivering about 4500000000 cubic meters of gas per year starting in 2023. you rosa is gospel. honestly, the aim is to get gas elsewhere and then to import it into the country. this import is what is germany's biggest problem. as mentioned, we have the possibility to buy gas, but we don't have the infrastructure to import it responsibly apart from mood mean and nord stream one. we are working at high pressure to create this i

ok, we just heard a little bit about this l. n. g terminal construction, beginning on it's on the, on the, on the baltic sea. but are utilities here in closer to signing deals for regular l n. g deliveries, right now they've just been buying on the spot market. yeah, i think that of course, but the critical issue is there have been some medium term contracts, smaller contracts that have recently be signed, you know, to sign a contract or e sign the contract. that means the bid is going on. but what will be happening over the winter that the company is a promising that the gas will deliver gas from their existing portfolio? and what i want to be honest, i'm a little bit scared. that was part of will happen, that it will shift simply there. it is from china's and belgium, a may, will not help really are the balance. utilities in germany are in negotiations with carter, for example, about l n. g deliveries is any deal likely to be in germany's favor if carter has been insisting on long term agreements. i think 25 years has been the talk

belgium is one of at least 10 you countries that wants to take that idea even further with a price cap on l n, g imported from all suppliers and notches singling out russia politically, as you mentioned in the initial clip. so basically, now that b u has made a total mess of its energy market. some block officials believe that they should be demand discounts. it's a bit like walking into his store and demanding to get things for a lower price than ever. when else comes into the store, just because you mismanaged your own finances, it's hard to imagine the u. s. a major supplier of l n. g agreeing to provide it to the you at whatever price the chooses. what happened to this whole price cap idea being about denying putin revenues? now these politicians are basically admitting that it's just about saving themselves from the mass that they've made of their formerly free market by considering it for all countries. now the eas sanctions policy has been a bit like when you try to cut your own hair, you know, you give it a 1st shot, it comes a little bit crooked out, you realize you messed up. so you cu

a l as in bravo and is easy morgan? and i, jim i will come and check in less ink or 911 g a l m a n n. as in i'm old, this was abused, some of them are in use. believe me out played my role in did during the construction setting from the initial plenty of stage to even to making it. in reality, provenance lights on, i saw a light bill rocha even b. s. yes. man. or do any and very safely put on generator or degenerate or is it a lot of good point? unless you had a lot of money, but in a 2700, it won't get warranty. other funded to told us to put on $700.00 us and then that i did you put us total? yeah. under that 3000. no, we'll number bama. martha manguno done. my suck for bar. got more technical than what we're casey one. tv a. oh no, it will. oh no, no. i love you. i'm. i'm want to add a camera garden to that job, which doesn't watch it as well as a more semester because well, amazon content, since i was out on my way, then they go on when i look at some level wanting to, oh, then i live in. oh, glad i'm glad you asked. who? sorry, no united fed your mouth, punky. i'm. i'm going to l

is the biggest exporter of l n g worldwide. jens, i want to know about the a how the hero is playing to balance. you know that the sheer amount of energy is going to start sending to you, or if it would appear with the, the amount that it sends to, to other markets or up. that is very tricky. and because i don't not look so much into other countries, but actually with in the united states, there is some opposition coming against those exporting plans. we had a pretty hot summer saw a gas consumption was higher than usual. inventories are rather low. and now for example, some governors are in some of the states in the new england area. they have complained an open letter saying, well, we need some gas to so to have a hot or, or good winter coming for us. so it was of the united states, there are some complaints that exporting guys to europe is tricky. ok, and go to new york. thanks for giving that across across the 4th. now to some of the other global business stories making the news you k government has lifted england's moratorium on fracking. prime minister list trust signal at the

a lot for being with us. emily. how do you assess the pace of germany's shift to l . n. g. because things seem to be moving quite fast. yes, you're correct. they are moving fast and germany is really at the center of the race or at the front of the race. you will really, since the beginning of the russian invasion, we've seen more than 20 new l and g in port terminals being proposed. that's in europe. of that, almost a 3rd of those projects are in germany. so about 31 percent. now the bill homes office are you, that's about 7 and a half 1000000. tons. that project still under construction, but it's 1st f s r u is on track to start later this year. and that'll add, you know, incremental capacity to, to germany. yeah. the key thing there is that it can come in the winter at least if not to, to help with the winter itself. so how far can ellen g actually go towards fulfilling? germany's natural gas, you will because l n g has to be transported, transported, obviously by back to congress center by the, you know, the, the 1000000000 barrels that down the pipeline. so i can germa

l. n g look set to come from over the atlantic, germany a scrambling to find a way out of its gas crisis. so help from the u. s. might end up being a big part of a solution. the u. s. is likely to be the most important supplier of liquefied natural gas to germany in the coming years. that's according to a new study by the university of cologne's institute of energy economics. the study estimates the u. s. will account for 39 percent of allergy imports to europe. that's assuming, imports from russia don't return to their previous levels. and that enough liquid occasion plants are built to handle that amount. germany's future relies on it adult him to these we need to find a bridge to get this normalized market. because otherwise, during this time too many livelihoods to many businesses and to many jobs will be lost on the wall. if the plan as the success, the e will join asia as one of the most important markets for natural gas coming from the u. s. this will relieve some of the pressure on germany, define alternative gas sources, but prices aren't expected to ease for consumers until 202

a u. e 100. 37000 cubic meters of l. n. g. arriving in germany at the end of this year, put that into context for us is that a significant amount? and unfortunately it really isn't. we're talking about one alan g cargo of 130 some 1000 cubic meters. but when you look at the overall consumption of gas in germany, you are looking on an annualized basis that are on between 80 to 90000000000 cubic meters a year. saw what this really signals just more generally of a, towards other suppliers. in particular, also in the medium term, when you're looking at a potential ramp up analogy, exports from the you eat. but when r w and not have sun is merely a relative, you take my random understanding for potentially more and then g supplies into europe and into germany in particular, over the coming year. and really it's going to be a medium term story in the short term. high prices are just going to be needed for the european market to just signal that every available spot. and then g carger needs to come to europe. and also that europe ne

some there's a lot of, there's a lot of planned l n g production in america, which is not permitted yet. so if we bring forward to permit thing of that, we can see very quickly, quite term large m m l n g supplies coming on my when i say very quickly, it's will still take 5 years but, but, but in terms of building l n t trains and, and getting that going, that is quite quickly. alright, versus lavin moscow. i'll give you the last word. where do you see this heading caught, cornelia talked about america becoming a big player very soon. where would that leave moscow and is ambitious so it's all about the, as i mentioned, and i started with my art to a point bird. it's about the change in the and the gym and global energy map that's, that's the, the core issue actually. yes. american williams with alan g will come more to european trans atlantic actually routes. and so europe ian customers will, will buy more and more american gas actually buy resuming bill. well and g plan circular, their bud, russian williams, we believe will be day war totes to easton and southam saw them mar dust desti

l n, g. you at that you have to have the market and then find the gas. so gas is a bit more complicated versus lab. let me ask you. so alternative buyers for russia's oil and gas, right, 9 to china and india, as we've mentioned. but it is that enough in terms of the revenue that moscow needs to power aged economy and continue the war. yeah, actually we're not talking about just the financial side. so we're talking about, as i mentioned, changing the vantage of map and for russia it's not just only going exports, but actually doing gives us occasion so called this occasion on the domestic market . so i would just for that half of russia actually has been bigger, bigger, bigger part the frush a it's not gives if i, i mean, there are no pipelines and distribution that works. so that the way the government and the get from go now. so they trying to get to the new customer is actually on the western. so western side is much more developed than eastern side. so the other one is the actually more to who. so gas is, has been used as a methane actually, and the engine sounds

however, l n g originally came from russia, a british broadcaster action returns, he gives us his take on brussels. and edgy woes while they may be canceling, lisa plan is because of the austerity. they've enforced on themselves after sanctioning russia. we have information that under 20 dutch counsels may not hit the deadline of 10th of october, and we'll have to we sanction sanctions are a terrible, terrible thing that kills so many tens of thousands of people. what was it? 40000 in venezuela by us sanctions. the fact that the german foreign minister believes that it doesn't matter what german voters think, shows that in the washing of both must head motto, democracy dies in darkness. well, democracy died in europe a long time ago. it dies with the sanctions, it dies with the lack of breast freedom and as a cancel, these multi 1000000 euro deals for air conditioning, gardens and bars. the people of europe are suffering boy caught bollywood. that's a trending hash tag among indian social media users saying that growing to satisfied with the traditional hindi film industry, the movemen

not only will l n g supplies from america come at a very hefty price with brussels reportedly paying get this up to $200000000.00 for every tanker delivery experts of res concerns of whether or not america actually has the capacity and infrastructure to fulfill all of europe's energy needs. i mean, take oil, for example, america, strategic reserves have now hit a 40 year lo crossing life. now i can have an economist on geopolitical strata is joining us live here on our t international a very good afternoon to you. so you've been hearing the reports, you know, the scoop. i mean, look, in very, very recent years, washington was telling europe, you're going to want to get off your russian energy. you're going to want to get on american l n g. don't worry that it's 3 times or more, the price, don't worry. we haven't got the infrastructure to set it up, but you will be happy, i can. what do you think? this is a dramatic situation for the german economy, especially the middle of that. if the energy is too expensive and we have the highest energy cost in germany at the minute in the world,

i'm promised a surgeon supplies with eyes liquefied natural gas. working to continue to search l. n. g supplies to europe in cooperation with global partners, including, i mean a pacific towards noting that our own oil production is up by more than $500000.00 barrels per day. this year. our l. g exports are up more than 20 percent since last year. in fact, we became the largest elegy supplier to the european union in the u. k. this year senior research fellow of the global policy institute of london, george mooney, says, washington may be responsible for the fact, especially taking into consideration of the statements that joe biden made about. the knolls pipeline. you have to ask bono, who benefits? and it's clear the $31.00 or several beneficiaries, but that would be the russians on the beneficiaries. the united states, as of course, from the beginning, been very hostile to stream pipelines, particularly not st to and have thought to close it down. and of course, we will seen, and then in the last few days, the footage of president by them on february the 7th saying if russia invade

i want to ask mr. mohammed a g, he is a commandant of n d l e a. this is the national drug or legislative body here in the country. about 14000000 people have used drugs at some point. why do you think this number is so high compared to the rest of the world? look, are decisive. nat geo, cuba mission was were over 200 and some to 1000000 people. so 14 is what the fraction then what steve, it is too high. so the local factors are, can be a deuce as to whether or why they are using these drugs. lack of employment into society. will it be ah luck with parental chia? will it be broken? who so a lot of factors can be a deuced, why a lot of use artic in his room. so let me introduce half. so who is an investigative journalist? tell us what the biggest challenge is, what are people consuming? how are they getting access to it? most drug abusers do it as a try for help is not that they just woke up and decided to start doing drugs, but rather there's always some sort of stemming reason why they chose to do it as a, as a foot belief. yeah. he mentioned unem

l n. g will be vital in meeting germany's energy needs. cattle has plenty, but there's a problem. cutter in particular, is a country that is known to be mostly interested in reliable and profitable business relations at or is less interested in being the guy to fill the gap. but eventually, cutter is interested to become a long term supplier for germany. committing to long term contracts is unattractive because germany is transitioning away from fossil fuels. for that reason, saudi arabia might be a more promising partner. at the moment, it requires gas mainly for its own domestic use, but the saudi government has set a target of dublin gas production by 2030. yet political sensitivities could prevent a deal. saudi arabia maya demand germany to add to, to loosen, or perhaps even to remove it it's, it's arms expand that germany introduced a particular with regard to the yemen. or that could leave the united arab emirates as the most likely partner for a gas deal. the u. e might be willing to offer germany short term gas contracts. here the difficulty is that the infrastructure to export l. n

l. n. g supplies to europe. and from a political standpoint, the last thread, ensuring the energy independence of the e. u has been ruptured. do that he energy crisis. european production has been hastily transferred to the us. they are receiving top personnel, advanced technologies, production resources, things that europe has been accumulating and developing for decades. the residents of europe have been left to face their problems alone. and across the ocean. no one cares that europe is in for a very dark, cold, and long winter in connection with these very simple and logical questions and want to ask the u. s. representative. can you confirm right now in this room that your country is not involved and has nothing to do with a sabotage? to find out more or less cross live now to our correspondent caleb mop and who joined us from new york. now caleb, you followed this session closely. so what were some of the key points that were brought to the table? well, we saw 2 high level un security council meetings that took place

not only will l n g supplies from the united states come at a very hefty price with brussels. get this report li, paying up to $200000000.00 for every tanka delivery experts of raise, serious concerns over whether america actually has the compact. the capacity at all to fulfill all of europe's energy needs. for example, take oil. it's strategic reserves in america. have now hit a 40 year low. that is down 28 percent since january i just have to throw that on archie international crossing live now to george zamarelli, a senior research fellow with the global policy institute of london, a very good evening to you. what. what is your take on the news that the us now benefits from high l n g prices and the e u companies the well, i guess the shifting to america at the moment to be expected. this whole case to go all the way where you crane was advantageous to the united states profoundly this wednesday just to europe in europe, which had to shoulder the burden of this energy mess and the united states is benefiting. so with jobs, all i've sho, cancel the north stream to which was

and is also potentially a problem and she is going to very mind that the current supply cos break even for l n g and no c, gas is less than half the full retail price for wholesale gas. now, i'm going to economists and i've been around many well that you sent you a long time and you can expect that there will be. and i'm not the only one who thinks there's some form of correction. despite the de, the speculation in the market about whether putin will turn off all not free. so i think we have to look at that and say, well, if we go in and intervene in the market the way that there's crash as well. there's a danger we preclude the adjustment that might take place certainly by the 1st quarter of next year in terms of both feel prices. so i can understand ministers in europe reacting in the way that they have. and i think they are quite rightly concerned because one of the biggest stretch of trying to pay wholesale gas is if you run short of gas say, and then you have to huge, you huge him back on industry and assume as seen all of us debate. there's been a lot of too much emphasis on price and not

i'm promised a surgeon supplies of liquefied natural gas. we're working to continue to search l n. g supplies to europe in cooperation with global partners, including i need a pacific towards noting that our own oil production is up by more than $500000.00 barrels per day. this year. our energy exports are up more than 20 percent since last year. in fact, we became the largest elegy supplier to the european union in the u. k. this year. scott ritter, a former us marine cool intelligence officer, says washington is responsible for the attack on the pipelines based on the quiz statements, joe biden made about the us shutting them down. i think in this case, we just go to the one party you actually made a confession. that's the united states president joe biden february, 8th of this year, stating very clearly that if russia were to send forces into ukraine, that united states would shut down the north stream to pipeline. and when asked why he could do, how we could do that, it wasn't as a german now, et cetera. he said, we'll shut it down. it appears that joe biden is, in this case, at

desire to end the use dependent on russian energy and promised a search and supplies of liquefied natural gas, working to continue to search l n, g supplies to europe in cooperation with global partners. including, i mean a pacific towards noting that our own oil production is up by more than $500000.00 barrels per day. this year. our energy exports are up more than 20 percent since last year. in fact, we became the largest elegy supplier to the european union in the u. k. this year. now notably, this emergency meeting of the un security council that we've been following was called by russia, specifically about the ledge sabotaged other than ord stream pipelines. all of this as former us marine corps intelligence officer, scott ritter, says he believes that the deleted tweet of the former polish foreign minister reveals washington had a hand in what happened. i don't think sikorsky sat in on any meetings. i don't think sikorsky at any insider knowledge. i think of course you're just stating the obvious with the pipeline was blown up. he knew it was the united states. well, i think in this case we just go to the one party. you act

on russian energy. meantime, washington promised a surge and readily available, super expensive liquefied natural gas. working to continue to search l n. g supplies to europe in cooperation with global partners, including, i mean a pacific towards noting that our own oil production is up by more than $500000.00 barrels per day. this year. our energy exports are up more than 20 percent since last year. in fact, we became the largest energy supplier to the european union in the u. k. this year . so russia will be holding an emergency meeting of the un security council on friday regarding be alleged sabotage of the nor stream pipelines. and former us marine corps intelligence office of scott ritter. he believes that deleted tweet of the former polish foreign minister was only saying the truth. i don't think sikorsky sat in on any meetings, i don't think so. of course, yet any insider knowledge. i think of course, you're just stating the obvious with the pipeline was blown up. he knew it was the united states. i think in this case we just go to the one party you actually made a confession. that's the united states president joe biden februar