A few interesting comments on Twittter today re: Energy / Gas:
- The La Nina pattern has emerged in the Pacific. That typically spells below-normal temperatures in the northern hemisphere and has prompted regional weather agencies to issue warnings about a frigid winter = spike in demand for LNG.
- A colder winter threatens to worsen Asia's energy crisis Temperatures in China have plunged and are already colder than usual in some northern areas Japan expects below normal temperatures next month S Korea sees a colder start to winter
- The La Nina climate phenomenon may cut rainfall in Brazil by up to 30% and further curb hydroelectric plants. That is bound to boost LNG demand.
Let's hope commonsense prevails and PEP11 is approved ASAP.
Time to strike while the iron is hot... well, while the weather is cold...
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