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Inessa Sinchougova — Busted: Americans supply Europe with gas, which they buy in Russia

Summary:
American capitalism at its "best." The United States supplies fuel to the liquefied gas terminal in Belgium's Antwerp, which is purchased in Russia. This story was initially reported by TASS, the journalists of which were investigating activities of offshore companies.It turned out that the liquefied gas arriving in Antwerp is delivered by four tankers, which belong to the Navigator Holdings company registered in the Marshall Islands.Almost one third (31%) of Navigator Holdings shares belong to US Secretary of Commerce, Wilbur Ross.The company buys gas from the Russian "Sibur" in the port of Ust-Luga.The investigation confirms the opinion of the Russian ambassador to the EU, Vladimir Chizhov, that it is "naive to count on the arrival of liquefied gas from the United States in the

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American capitalism at its "best."
The United States supplies fuel to the liquefied gas terminal in Belgium's Antwerp, which is purchased in Russia. This story was initially reported by TASS, the journalists of which were investigating activities of offshore companies.

It turned out that the liquefied gas arriving in Antwerp is delivered by four tankers, which belong to the Navigator Holdings company registered in the Marshall Islands.

Almost one third (31%) of Navigator Holdings shares belong to US Secretary of Commerce, Wilbur Ross.

The company buys gas from the Russian "Sibur" in the port of Ust-Luga.

The investigation confirms the opinion of the Russian ambassador to the EU, Vladimir Chizhov, that it is "naive to count on the arrival of liquefied gas from the United States in the terminals of Europe."

The terminals for liquefied gas in Europe were created to reduce the dependence of the EU countries on the export of fuel through Russian pipelines. However, the gas comes to the terminals not from the USA, but from the nearest source - Russia, at a higher price than for pipeline transportation.…
Fort Russ
Busted: Americans supply Europe with gas, which they buy in Russia
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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