Unable to continue harvesting Europe! Russia’s extended gas ban sends the U.S. into a panic!

Hello and welcome to Deepin Moments:In this video, join Elizabeth as we delve into the extended Russian natural gas embargo, which has sparked panic and uncertainty in the United States as it grapples to maintain its influence over Europe. Despite Europe’s substantial gas reserves, the strained relationship between Russia and Europe has cast doubts over the continent’s gas supply for the upcoming winter season. On September 11th, the Kremlin officially announced an extension of the “Russian Natural Gas Trading and Service Embargo,“ initially set to expire on October 1, 2023, now prolonged until October 1, 2024, further destabilizing the already turbulent natural gas market. During the second week of September, significant disruptions in liquefied natural gas (LNG) export projects in Australia led to a sharp surge in European benchmark natural gas prices, intensifying the supply and demand imbalance and adversely affecting industrial and manufacturing activities. Despite nearly full gas storage facilities in the European Union, uncertainties persist due to the tense relations between Russia and Europe. The video discusses the constraints placed on the Russian natural gas company, the impact on joint ventures with European companies, and the implications for the gas market. This situation arises from various factors, including increased energy demand in EU countries, the sharp rise in U.S. liquefied natural gas prices, and the interdependence of countries and regions in energy supply and demand. Russia’s role as an energy supplier becomes pivotal in ensuring energy security and stability for the EU.