over the winter in particular, when it becomes a code of 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 the critical issue is there have been some medium term contract, smaller contracts that recently be signed. you know, to sign a contract or e sign a contract, that means that it is going on. but what will be happening over the winter with the company is a promising that they will guess will deliver guess from their existing portfolio. so what i want to be honest, i'm a little bit scared. that was part of will happen, that there will shift simply, there it is from a may, will not help really. you're in the balance. utilities and 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, at least at t

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, at least at the beginning. yeah, i think i think that's one of the groups of one of the issues it's for germany, utilities ration of 20 to 25 years will be hard to stop because basically due to phase of natural gas and that that's not really fit, was these non kind of long term contracts, we really have to see how this will at the end of the day, was that all that will be balanced on? that's one word to mr. charles, who is going now to the guy ever arabs and to saudi arabia castle this weekend at the end of the day. that is what, as you said, the utilities have to sign contracts. i've seen political politics. mason court will not. it's, you know, they signed contract. it's also been said that of course, energy savings will play a major role in getting the country through the winter. from your perspective, our households and businesses poised

and now the us is the biggest exporter of l. n. g worldwide. jens, i want to know about the how the hero is flying to balance. you know, the, the sheer amount of energy is going to start sending to europe. it would appear with the amount that it sends to, to other markets or up. that is very tricky. um, 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 in some of the states in the new england area, they have complained in an open letter saying, well, we need some gas to so to have a hot or, or a good winter coming for us. so it was of the united states, there are some complaints that export in gas to europe is tricky. ok ends quarter in new york. thanks for giving that across across the force. now to some of the other global business stories making the news you can't government has lifted englan

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 germany rely on ellen g as an alternative. so to answer the question, yes, absolutely. germany can rely on elegy and it will have to the country will have to going forward, not just this year, but in the coming years, i would say it had to start with looking back at last year, looking back at this year. and really just seeing how germany has imported, it's gas in the past. so this past year 2021. we're looking around $4850.00 b, c. m a piped gas. now that's not including al and g. and that's really made up about 50 percent of germany's gas and ports of that, about 12 to 13 percent are coming from russia, pipe gas alone. so germany still bringing in piped gas from the non russian sources . those are holding steady. but what we've really seen in terms of the changes in the landscape and, and imports this year, is that additional energy imports that have really been a requirement to meet demand

here the difficulty is that the infrastructure to export l. n g does not yet exist . this energy expo plants venita bell at 3 to 5. yes, to be paid. so we know how the market is going to look like up to 2025. and the problem is that that is not that much additional energy export capacity, which is going to come to the market. so the market is going to limit that germany currently has no l n g terminals, 5 are planned, but until they're ready it will be dependent on european neighbors with that prices are likely to stay high. and germany might find itself making political concessions to others in order to satisfy its energy needs. for more, i'm joined by d. w. political correspondent, benyamin alvarez gruber. ben, how difficult a political balancing act is the chancellor facing and saudi arabia. it is indeed a very difficult thing that they have to somehow manage. of course, government officials have been telling us that human rights issues will be addressed during this trip in the 3 countries. but it's still striking to see the german chancellor shaking hands with a s

and germany does not necessarily import the l n g. it import elegy through a belgium while the netherlands and wouldn't for those elegy in port terminals, the germans wouldn't have any gas. and so this, it is important to acknowledge that it is not only about one country. it's about an integrated system where storage plays a role not only for one country, but for various countries. and, and i think here the efforts of the european integration and particularly integration of the europe, unanimous market for last 25 years deaf and re paying off the magic wary the issue of human rights is something like that that's come up in, in this trip. we're not sure how much these discussions there were discussions about this. the took place between all of schultz and the, and the various leaders. but if you look at saudi arabia, in particular, the crown prince, me, how much been said, man, who was, you know, persona non grata up until the beginning of this year because of the, the murder of the saudi journalist jamal i shogi there a sense he's, he

first of all, it puts the strain on already very tight l n g markets and those selling g markets in terms of supply to move sideways for the next one or 2 years, maybe 3 years until situations change again in the us and cuts are additional supplies but there is also a big shift in oil because the europeans are embargoed russian oil. there is a g 7 embargo and rational, including a price cap. and not all of that will be re delivered and, and redirected to other was region, which means you will take some off the market and that will probably have an impact on, on the market as well. we also have a similar situation with coal, coal guts, sanctioned by august this year by the new russian coal. that is and that also many markets got more tighter than they were. not the one thing that it's important to see is that when we're talking about the gulf and europe at the moment, this in fact has an implication and an impact mainly on nano issa d countries in the global south that is southeast asia, africa, and elsewhere. because that's where people feel high prices the most. those are economies that

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 destinations, as i mentioned. and on top of that, as i mention, russia will devour the domestic infrastructure to c

along europe coast lines to receive liquefied natural gas from alternative suppliers. much of that 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 g

but are utilities here any 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, the critical issue is there have been some medium term contracts, smaller contracts that have recently signed, you know, to sign a contract or e sign a contract. that means that it is going on. but what will be happening over the winter that what the company's promising that they will guess will deliver guess from their existing portfolio. so what i, what i'm going to be honest, i'm a little bit scared. that was partly will happen, that it will shift simply or it is from a may, will not help really, your balance. utilities and germany are in negotiations with carter. for example, about l and 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, at least at the beginning. yeah. and so i think, i think that's one of the groups of one of the issues it's for germany, utilities, duration of 20 to 25 yea

now, because it will take time to think that and that will be done most likely next year . europe's l. n g in ports of increased. how long though cut it rely on shipments. i mean, some countries don't have the infrastructure even to take on board l n g that's, that's shipped to europe. and who are the winners benefiting from this, this current energy crisis, other than those, as you said, who are earning huge profits right now. it is create a clear that the, the rio extra profit. now, then in the producing country. so whoever is producing gas and exporting it to europe either be a pipeline or l n g is now making out 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 supplied 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

while chinese l n g imports from russia have skyrocketed this year, is brussels making sure that the chinese l, n g that it's importing isn't contaminated with all that extra russian supply? or are they going to continue with this ridiculous charade of virtue signalling while pretending that europeans have no choice but to suffer in the name of values that they are already discreetly violating. as far back as 2019 washington was already branding its gas as synonymous with freedom and democracy, increasing export capacity from the free port l. n. g project is critical to spreading freedom gas throughout the world by giving them because allies a diverse and affordable source of clean energy. freedom isn't free though pal. in fact, us freedom. energy is far more expensive than russian authoritarian energy about 40 percent more to be exact, which is why it makes sense that the, you would rather just keep finding ways to stuff it's coffers with as much of the cheaper. but of course, immoral energy that it can get its hands on while it still can. that is before it lowers the boom on itself

while chinese l n g imports from russia have skyrocketed this year, is brussels making sure that the chinese l, n g that it's importing isn't contaminated with all that extra russian supply? or are they going to continue with this ridiculous charade of virtue signalling while pretending that europeans have no choice but to suffer in the name of values that they are already discreetly violating. as far back as 2019 washington was already branding its gas as synonymous with freedom and democracy. increase an export capacity from the freeport l. n. g project is critical to spreading freedom gas throughout the world by giving america's allies a diverse and affordable source of clean energy. freedom isn't free though pal. in fact, u. s. freedom energy is far more expensive than russian authoritarian energy about 40 per cent more to be exact, which is why it makes sense that the, you would rather just keep finding ways to stuff it's coffers with as much of the cheaper. but of course, immoral energy that it can get its hands on while it still can. that is before it lowers the boom on itself

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, then the german companies are not competitive anymore. we already had the for the highest labor costs per hour in the entire world, due to texas and other public expenses. we have an additional 2. this the highest energy cost is causing this dramatic downturn in the german economy. we are already facing so many people wish that our minister of economics would have to start to write the children books instead of destroying the german economy. what he does, and this is exactly what they are facing. so many companies are going away, or are going bankrupt by john. this is exactly what you can read in those secret paper from the rand corporation

because in several years from now, maybe from 5 years from now who plenty of gas and oil, and free l, n, g, and g is why pay for it to move right here right now, why wait this 5 years? who are plenty of gas and oil, and free l, n g? not so expensive and you this why pay for it to move right here right now? why wait this 5 years? why stop this is get corporation with europe when it is convenient for europe. probably better to stop this corporation when it is less convenient for you in order to gain some political results over which i really think that could be kind of kind of an amendment of political course in different european countries, especially after social address. like what happens in pro just referencing, probably people will just call that politicians to find a compromise instruction based on all of your grandchild. i was just fascinating, the way the geopolitics of energy trying now to play out globally, studies love metro. which sophie co been are, is a really appreciate your insight, but unfortunately we have to live with that and thank you for watching. you can see the progra

their market is enormous and we are not going to deal with 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 perspec

it's not even quick and just say as well, dealing with a we and why get european union even the poor l n g, you know, they have and then g receiving terminal and they come with you more god and target pipe, my pipeline way of germany from is rejected. and then 3 until the perhaps, you know, joe, you know, living i mean, under the missouri and on the also ship. it is not a big long time that we expand. also kind of bringing the b, john, what will happen iran, on the other hand, when i talked to visual being germany recently, they told me that we don't need 2 years from now. there is got to buy. now if we don't buy long term contract, nobody is invested in them, then you got so this means the restructuring of running out. we're sorry, man, we are running out of time. and i do want to come tomorrow because i want to bring up the clive. you are a former u. k. government advisor. how much of the advice that you gave to the forward government was political nature and how much? how much of it was just simply economics and politics a consideration for you? yeah my, my argument says being the polit

l. n. g project is critical to spreading freedom gas throughout the world by giving america's allies a diverse and affordable source of clean energy. freedom isn't free though pal. in fact u. s. freedom energy is far more expensive than russian authoritarian energy about 40 percent more to be exact, which is why it makes sense that the, you would rather just keep finding ways to stuff it's coffers with as much of the cheaper. but of course, immoral energy that it can get its hands on while it still can. that is before it lowers the boom on itself with even more self imposed embargoes. all well, probably gave pretending that if it's people are suffering, it's because the you couldn't dare to bring itself to violate its own stated principles by turning it supply. tap of cheap brushing gas back on. so for now, money's fetus. got on the back again on the top of the with more news. i'll see you then. ah ah, with restore you to look up some letters on where your muscles are hanging noon. she doesn'

a major supplier of l n. g, agreeing to provide it to the you at whatever price the you chooses. what happened to this whole price cap idea of being about denying putin revenues? now these politicians are basically emitting 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 u sanctions policy has been a bit like when you try to cut your own hair, you know, you give it a for shot, it comes a little bit crooked out, you realize you messed up so you cut it the other way. it still crooked. it's even worse, it's getting shorter and sure you cut more and more, some point, maybe you realize that what you really should have done is just stop and think before doing any more damage. let's just say that wagner, lion seems to be finding it hard to put down those scissors. many thanks for those days. alsace, auntie contributes a rachel marston speaking to his life from paris. a major western publisher that owns the news outlets politico and business insider has called for a ban on the chinese on so

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 cab idea being about denying fruit in revenues? now these politicians are basically emitting that it's just about saving themselves from the mess that they've made of their formerly free market by considering it for all countries. now, the ease 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. you realize messed up. you cut it the other way. it's still crooked. it's even worth getting shorter and sure you cut more and more some point maybe you realize that what you really should have done is just stop and think before doing any more damage. let's just say that bonder line seems to be finding it hard to put down those diverse jim's v was shared by the majority of the member states, as they decided not to support a price car for gas importance from russia. they were going to be seen over the block in brussel summit, if, even if it says they would still remain open to

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 cut it the other way. it's so crooked, it's even worse, it's getting shorter ensure you cut more and more, some point, maybe you realize that what you really should have done is just stop and think before doing any more damage. let's just say that wagner, lion seems to be finding it hard, put down those scissors. some germans aren't happy about the proposed e u price cap. either i discussed the control of a seat with german opposition. politician ralph name a who's the the u. s. is trying to use berlin against its own european allies. well, i

a major supplier of l. n. g agreeing to provide it to the you at whatever price the e chooses. what happened to this whole price cap idea being about denying putin revenues? now the politicians are basically emitting that it's just about saving themselves from the mess 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. you realize messed up. you cut it the other way. it still crooked. it's even worse. it's getting shorter and sure you got more and more some point maybe you realize that what you really should have done is just stop and think before doing any more damage. let's just say that bonder line seems to be finding it hard to put down those servers to say we can discuss this live in the studio with ralph ne mine i was chairman of the german opposition group for german store, quincy, and constitution. so many thanks for coming into the studio today. it's so nice to have company. nice. so let's

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