cross-posted from : https://lemmy.zip/post/74621427

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[–] 11 points 1 day ago

Liquefied natural gas (LNG)

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  • [–] 1 point 21 hours ago

    Lower demand for spot supply from China this winter could mean relief for other LNG customers in Asia and Europe, many of which have been struggling with high spot LNG prices and intensified competition for supply that doesn’t need to transit the Strait of Hormuz.

    This makes no sense. LNG prices are down. They have a historical price chart on their own website that shows the price decrease over the last year. Other sources show the same trend

    Natural gas is a common byproduct from US fracking. US fracking has increased production in response to the war, hence why natural gas is one of the few fossil fuels to decrease in price

    They must be talking about something more specific. Spot prices can vary a lot because of limited LNG infrastructure, and current shipping prices can be insanely high. Really wish whoever wrote this piece specified exactly what market/spot price they're looking at

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