After the outbreak of the Russian-Ukrainian conflict, the United States and Western countries imposed multiple rounds of sanctions on Russia, a major energy exporter. When the energy problem continues to restrict the economic development and people's livelihood issues of many countries in the world, some media found that the US energy giants used the Russian-Ukrainian conflict to make huge profits and make great profits in the energy market.
On July 29th local time, US energy giant ExxonMobil said that the company's net income in the second quarter of this year was US$17.9 billion (approximately RMB 127.4 billion), setting the company's highest single-quarter profit in history, far exceeding US$4.69 billion in the same period last year. At about the same time, data released by energy giants such as Chevron showed that they all made amazing profits in the second quarter.
How can American energy giants make a fortune in a short period of time? As early as March 5 local time, the beginning of the Russian-Ukrainian conflict, the Financial Times reported that Scott Sheffield, CEO of the US Pioneer Natural Resources, joined a political group to promote the US government to impose sanctions on Russia. The effect of energy sanctions on Russia is immediate: On May 3, Bloomberg said that the US's single-month oil exports to Europe hit a new high since 2016.
In terms of natural gas , data from the International Energy Agency shows that in June this year, liquefied natural gas imported from the United States exceeded pipeline natural gas for the first time. "Business Insider" website reported that American energy providers can make hundreds of millions of dollars in huge profits in the process of transporting liquefied gas to Europe.
is restricted by energy sanctions on Russia, coupled with the recent leak of the "North Stream" natural gas pipeline, Europe has had to buy a large amount of high-priced energy from the United States. The United States even regards the "North Stream" leakage as a "big opportunity" to increase natural gas prices and sales. Faced with high natural gas prices, German Vice Premier Habeck accused some countries, including the United States, of charging too high natural gas fees to Germany.
Assistant Director of the Eurasian Institute of China Institute of Modern International Relations Chen Yu: I think to a certain extent, the United States can be called taking advantage of the situation. Now more than 70% of the United States' liquefied gas exports are exported to Europe. It is precisely because of the sharp increase in liquefied gas exports to Europe that the United States has achieved its wish in the first half of the year. The purpose of the United States is to replace Russia and become the main supplier of European natural gas, thereby earning more benefits from Europe.
Source: CCTV News
