World faces gas supply cliff edge as Gulf’s final LNG shipments approach ports

https://www.ft.com/content/64c5a600-1fc8-4370-b5d6-8a0bc273a33f

https://removepaywalls.com/https://www.ft.com/content/64c5a600-1fc8-4370-b5d6-8a0bc273a33f

52 points · 2 comments · view on lemmy.world

2 Comments

TheTechnician27@lemmy.world · 5 pts · 148d (1 reply)

Not sure what the US price for natural gas is since it's tracked monthly; I've read supply chain issues actually brought it down, but no clue for March 22. LNG on the Japan/Korea Marker (JKMc1) is way up, from even a week ago. Prices by region are inconsistent, but I've read that, for whatever reason, the Japan/Korea marker is a reasonable proxy. Take that with a larger grain of salt than you'd normally take an Internet comment. Here's the Dutch TFAc1 too.

As a reminder, LNG is liquified natural gas – what gets shipped on boats. Natural gas in its gaseous state gets moved through pipelines.

RecursiveParadox@lemmy.world · 3 pts · 148d

It's the second and third order effects people will start to feel in six months regardless of when this stops that are going to really hurt.

Time to plant a garden, I suppose. At least it's early spring in the N Hemisphere.