Q3 expectations, page-34

New York Times 25.1.23 K. Brasher states that China is now experiencing a very cold winter; & there is inadequate heating being provided, due to gas shortages in many places.
Conversely, Europe is having winter temperatures well average, which has lowered prices for energy (gas, coal, oil), for heating etc.

Could increased Chinese demand for gas soon increase gas prices? And will China start major LNG imports from Australia, cancelling its unofficial trade war against Australia? Either scenario will, eventually, benefit STO.

Brasher said

Where Temperatures Are Above or Below Normal This Winter

DEGREES COOLER OR WARMER

THAN LONG-TERM AVERAGE

–15°F

–10°

–5°

0°

+5°

+10°

+15°

–5.6°

–2.8°

0°

+2.8°

+5.6°

+8.3°

–8.3°C

RUSSIA

U.K.

GERMANY

MONGOLIA

Beijing

FRANCE

UKRAINE

SPAIN

KAZAKHSTAN

CHINA

TURKEY

Source: ClimateEngine.com using data from NCEP Climate Forecast System Reanalysis

Note: The map shows the difference between the average temperature from Dec. 21, 2022, to Jan. 22, 2023, and the 1991 to 2020 historical average for the date range for those years.

By Leanne Abraham

"Many in Europeworried last yearhow they would heat their homes this winter after President Vladimir V. Putin of Russia reduced and then halted natural gas shipments to the continent.

But Europe has not just had an unusuallywarm winter. ...

In China, the temperature has become unusually frigid. Over the weekend, numerous weather stations in northernmost China’s Heilongjiang Province reached the lowest temperatures they had ever recorded. Mohe City, the northernmost city in China, reached lows for three straight days below minus 50 degrees Celsius. China’s meteorology agency has issued nationwide warnings this week of very cold weather".

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