European Gas Soars After US LNG Terminal Explosion Halts Exports For Weeks

[Doc7505]

European Gas Soars After US LNG Terminal Explosion Halts Exports For Weeks​

Coming Soon

zububrothers.com

9 Jun 2022

Europe’s natural gas prices jumped Thursday after one of the US’ largest liquefied natural gas (LNG) export terminals experienced an explosion on Wednesday and has been shut down. A large share of the terminal’s LNG has been destined for Europe as the continent weens off Russian supplies.

​

According to Bloomberg, the Freeport LNG export terminal in Texas will be shuttered for at least three weeks, which will impact 20% of all US LNG exports. In the last four months, 75% of all US LNG exports have been sent to Europe.
~Snip~
After the reports of the explosion, we noted that US natgas was sold due to export halt fears would build supplies on the domestic grid; inversely, EU natgas would soar because of a decline in export shipments.

Commentary:
“In the last three months, 68% of all Freeport cargoes were delivered into European markets,” said Tom Marzec-Manser, head of gas analytics at ICIS.
"For those puzzled by the price action, US NatGas’s slump is in response to the prospect that fewer LNG exports would mean more supply domestically, though inversely, it would mean higher prices in Europe since the US has been increasingly sending LNG across the Atlantic to ween European countries off Russian supplies".
That’s an astounding (high) number (68%). I of course knew there were LNG ships but I didn’t realize there were that many of them. Compared to the sheer volume of hydrocarbons coming into Freeport through who knows how many pipelines.
Another explosion in a key plant of America.
More than thirty food manufacturing, processing and distribution plants damaged and/or out-of-business. Now are fuel facilities targets, too? Are power substations next?
Of course it isn’t some wave of sabotage.
The crews there now are probably half staffed, and half of those are probably new employees making mistakes and taking shortcuts. Those plants have a lot of dangerous processes and chemicals.
The covid hoax basically reverted a huge chunk of our infrastructure to third world quality standards. You see it everywhere you go.
It isn’t Al Qaeda frogmen, it isn’t Spetz Naz, it isn’t Iranians. It’s Progressive Maoist/DSA Democrat party policy that is blowing things up.

 

[Concerned American]

European Gas Soars After US LNG Terminal Explosion Halts Exports For Weeks​

Coming Soon

zububrothers.com

9 Jun 2022

Europe’s natural gas prices jumped Thursday after one of the US’ largest liquefied natural gas (LNG) export terminals experienced an explosion on Wednesday and has been shut down. A large share of the terminal’s LNG has been destined for Europe as the continent weens off Russian supplies.

​

According to Bloomberg, the Freeport LNG export terminal in Texas will be shuttered for at least three weeks, which will impact 20% of all US LNG exports. In the last four months, 75% of all US LNG exports have been sent to Europe.
~Snip~
After the reports of the explosion, we noted that US natgas was sold due to export halt fears would build supplies on the domestic grid; inversely, EU natgas would soar because of a decline in export shipments.

Commentary:
“In the last three months, 68% of all Freeport cargoes were delivered into European markets,” said Tom Marzec-Manser, head of gas analytics at ICIS.
"For those puzzled by the price action, US NatGas’s slump is in response to the prospect that fewer LNG exports would mean more supply domestically, though inversely, it would mean higher prices in Europe since the US has been increasingly sending LNG across the Atlantic to ween European countries off Russian supplies".
That’s an astounding (high) number (68%). I of course knew there were LNG ships but I didn’t realize there were that many of them. Compared to the sheer volume of hydrocarbons coming into Freeport through who knows how many pipelines.
Another explosion in a key plant of America.
More than thirty food manufacturing, processing and distribution plants damaged and/or out-of-business. Now are fuel facilities targets, too? Are power substations next?
Of course it isn’t some wave of sabotage.
The crews there now are probably half staffed, and half of those are probably new employees making mistakes and taking shortcuts. Those plants have a lot of dangerous processes and chemicals.
The covid hoax basically reverted a huge chunk of our infrastructure to third world quality standards. You see it everywhere you go.
It isn’t Al Qaeda frogmen, it isn’t Spetz Naz, it isn’t Iranians. It’s Progressive Maoist/DSA Democrat party policy that is blowing things up.

Globalism works soooooooo well.