Dmitry Peskov is by far my favorite Russian propagandist. Just about everything he says is so off base it borders on satirical.
His sole purpose as Kremlin spokesperson is to convince the media that the endless stream of Russian urine currently flooding the world is actually just rain. And he’s doing a terrible job.
Back in March, when Russian gas shipments to Europe were still under negotiations, Peskov claimed it was “hardly possible and reasonable to engage in charity.”
If Europe wanted its gas, it would have to pay Putin’s price and in Putin’s currency.
Much to Russia’s dismay, Europe agreed that this “charity” was indeed unreasonable, and therefore rejected it. Nord Stream gas was officially off the menu.
So what’s an energy-starved superpower to do?
Europe’s chosen solution is to buy boatloads (literally) of gas from the United States. Tanker after tanker carrying ultra-cold LNG has been making land in European ports, filling each country’s gas reserves to the brim.
It’s not the most efficient way to transport LNG, but it’s ready today. And as an added bonus, every dollar spent on American LNG is a dollar taken out of Putin’s pocket.
Europe Is Hoovering Up All the LNG It Can Get
During November, nearly 70% of all LNG produced in the U.S. headed to European countries. In total, 6.3 million tonnes have been sent in the last 30 days alone.
Peskov’s backpedaling response almost made me laugh out loud this morning when I read it.
"They have changed dependency on Russia to dependency on American liquefied natural gas," Peskov whined on Russia’s state television.
"And now, when the Europeans are losing billions of euros every day, Washington is already earning these billions of dollars," he lamented.
His sudden concern for the European populace is heartwarming. Our analysts have traveled the world over, dedicated to finding the best and most profitable investments in the global energy markets. All you have to do to join our Energy and Capital investment community is sign up for the daily newsletter below.
Russia practically forced EU buyers out of its market, hoping its bluff would force them into compliance. Since that plan failed miserably, it appears that the Kremlin’s newest plan is to stoke anger against America.
Peskov claimed that Europe’s desire to cut all energy ties with Russia is “absurd” and “frenzied” — quite the 180 from back in March when he told the entire continent to collectively kick rocks.
He noted that Europe’s current arrangement is the same, only with “less reciprocity.” In a masterful feat of mental gymnastics, he’s actually claiming that the U.S. is taking advantage of Europe in this situation, while benevolent Russia sits scorned in the corner.
If you're at all grounded in reality, you already know that’s not true.
Open Your Wallet and Let the Money Pour In
Peskov’s desperate, oafish attempt at controlling the global narrative tells us something that you probably already knew: Russia is floundering.
The country’s economy is in shambles, precariously propped up by Gazprom’s windfall profits. Ukraine is proving a much thornier adversary than the military expected. And to top it all off, rumors are circulating about Putin’s failing health.
Nothing the Kremlin has said or done hints at a possible end to the fighting.
U.S. LNG producers are going to be Europe’s lifeline for the foreseeable future, possibly even permanently.
A few in particular have already been posting unreal gains and record profits thanks to the steady stream of spot orders.
Now is the time to invest, even as these companies are on the upswing. This bull run will continue for as long as it takes Europe to get back on its feet.
Some analysts are predicting years before the market realigns itself. That means years of breakout revenue for every company in the sector — especially these players.
You do NOT want to miss this rally.
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