LNG Glut in China, suddenly?
On Delays at restarting the explosion-damaged Freeport LNG export terminal and on weather forecasts.
Record supply of LNG from the US and other sources. Record supply from Norway via pipeline. Conservation, power production shift… It adds up.
Long-term stagnation turns into sharp decline.
Storage above target, floating LNG import terminals going into service.
Not all commodities are plunging: Game of Inflation Whac A Mole.
Just when we thought the plunge in natural gas prices might take pressure off inflation, it starts all over again.
Some demand destruction is behavioral and may bounce back; some is structural, growing, and long term: The decline of an industry.
Wait… gasoline exports are rising.
US natural gas prices tripled from the 10-year average, now linked to global prices, with 7 LNG export terminals now operating and 15 more approved.