STO Well positioned, page-354

There is more general agreement amongst scientists etc. that we have entered an el nino, which is causing now above average temperatures in summer, in many parts of the world.

As more of the public expect & demand air cons, this will result in the use of more aircons (whose number, & more hours of average daily usage, is growing significantly around the world).

Demand for power, therefore, can be expected to rise. Ditto, gas export prices.

bbc.com 4.7.23 M. McGrath said

"The high heat is due to a combination of the El Niño weather event and ongoing emissions of carbon dioxide.

Researchers believe there will be more [high temperature] records in the coming months as El Niño strengthens....

This week China continued to experience an enduring heatwave with temperatures in some places above 35C, while the southern US has also been subject to stifling conditions.

https://www.bbc.com/news/science-environment-6610482