zero relevance. Is that why the last week saw a spike in Henry hub prices likely due to news of some Australian lng workers threatening to strike? If that’s in any way the case, seems like global supplies are in that much of a fine balance that a project this size could not only impact domenstic and Asian LNG pricing, but also Henry hub pricing. Which makes total sense, although perhaps not to you, that the Henry hub price would be sensitive to news developments out of both a huge lng exporter (Australia) and Europe.
Perhaps in simpler terms for you- drop in lng supply causes lng buyers to potentially scramble for supply, sending Henry hib prices higher on expectations of higher European demand. Boo in the radar maybe but it seems markets, particularly ng, have increased in sensitivity particularly thanks to some of our Russian fools.
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