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The China energy issues is now impacting us as the state basically went and told industry, you better have secured your energy supply for the winter or we won't be impressed after the recent outages, so the Chinese major consumers went and bought all the forward supply of LNG shipments which means they won't be coming to Europe now and any that we can source will be eye watering expensive. LPG has been that way for a long time that the ships go where the price is highest and its a battle between Asia and Europe for them. A secure LNG supply chain was supposed to be some of the answer to us reducing our natural gas storage capacity.
Gas price is also being manipulated by Russia trying to force Germany to finalise commissioning of Nord Stream 2. Russia had a lot of 'maintenance' to do this summer that led to reduced imports to Europe and European storage getting depleted ahead of winter, which again created increase upward pressure on prices. Russia's kindly offered to let the gas flow if Nord Stream 2 can come on line.
Aren't monopolies and short term decision making fun.
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greentricky
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I know it is heresy not to blame everything on Brexit, but there does seem to be a global supply chain crisis and energy crisis. E.g. inbound shipping in total backlog in the US. Energy is being rationed in China. Has anyone got anything good to read on this?