China's LNG companies selling Russian gas to Europe at 1000% mark-up

By now even the dullest news consumers are aware that Europe is suffering an unprecedented energy crisis. Everybody knows the general outlines. Putin unleashed his brutal and totally unprovoked attack on Ukraine. To push back, the international community unleashed sanctions on Russian energy exports. According to the leader of the free world, Mr. Biden, this would crush the Russian economy, reducing the ruble to rubble, crippling Putin’s war-making ability, causing the Russian people to rise up and overthrow the evil dictator. By all accounts, these sanctions, formulated by the sharpest minds in the free world, six months on, are strengthening the Russian economy, but crippling the economies of our European allies. Those allies are scrambling to replace their Russia-sourced energy. According to a story at China’s biggest English-language news platform, Global Times, at least some of that replacement energy is coming from… Russia! But instead of paying pipeline prices, they are paying 100X more to buy Russian gas in LNG form. Here’s the headline; “China’s LNG companies ramp up supplies amid rising demand from Europe.” Here’s the money line; “Empty bulks (LNG carriers returning from Europe) will be delivered to Russia’s port city Nakhodka, where they will be loaded with LNG before returning to China.” Got it? China is a net importer of LNG. The only way they can export any is by importing more. Guess who’s got lots of gas for sale at deep discounts? Buy cheap, sell dear… looks to me like the Chinese commies have way more business savy than the retards who came up with these sanctions!