Friday, October 15, 2021

Natural-Gas Shortage Sets Off Scramble Ahead of Winter

This article describes what happens when increases in demand lead to shortages of natural gas (WSJ, Oct. 2021). Some money quotes follow.

  1. "Buyers in Europe, Asia and Latin America are competing for limited supplies of gas, racing to fill tanks and caverns with the fuel before winter hits the Northern Hemisphere.

    "Natural gas stocks are alarmingly low around the world, and prices in most places have never been higher after surging to new records in Europe and Asia this week. Demand has jumped as economies have bounced back from pandemic shutdowns ..."
  2. "Shippers are diverting tankers to the highest bidder, ..."

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