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> meaning they will pay pretty much any price to get it They would buy it at current market rate, which is dropping atm. That's why LNG tankers wait at the coa
by DelightOne 4y ago
> meaning they will pay pretty much any price to get it
They would buy it at current market rate, which is dropping atm. That's why LNG tankers wait at the coast for a hopefully future higher price.
- staticautomatic 4y agoIs this not diminished by the buyers hedging?
- jacobr1 4y agoyou still need counterparties
- benj111 4y agoAren't they camped out because Europe's storage is maxed out and the winter so far is mild so it isn't using as much gas?
- arlcode 4y agoYes the heating period ist just now starting as it gets colder. That's crazy late. In addition Germany for example sees a huge reduction of consumer usage even after accounting for outside temperature. People are changing their habits in anticipation of increased gas bills (and also nobody likes being blackmailed by Russia). In April May it will become clear how much was used and what it did cost extra (since most renters get their yearly balance around that time)
- benj111 4y ago>Yes the heating period ist just now starting as it gets colder We broke records around the UK yesterday for the warmest November day so still not really starting here. Were also breaking records for wind generation.