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Strategies & Market Trends : The Financial Collapse of 2001 Unwinding
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To: Elroy Jetson who wrote (8006)9/28/2021 1:08:31 AM
From: elmatador1 Recommendation

Recommended By
pak73

   of 13780
 
China and Brazil's imports of liquefied natural gas (LNG) caused mayhem.

  1. Brazil over dependent on hydro power suffered a drought
  2. China's green Winter Olympics 2022 to boost natural gas demand
China and Brazil's imports of liquefied natural gas (LNG)are set to hit a record in September, data from Refinitiv and consultancy Kpler shows, as U.S. cargoes normally meant for Europe are diverted to the Latin American nation to address a power shortage.

The worst drought in almost a century has starved the hydropower plants that normally supply nearly two-thirds of Brazil's electricity. The country has, as a result, turned to U.S. gas to keep its lights on, with its LNG purchases helping drive global gas prices to record levels.

"The strong demand from Brazil means there is less LNG supply being directed to European terminals," said Laura Page, senior LNG analyst with Kpler consultancy firm.

China's green Winter Olympics 2022 to boost natural gas demand

HIGHLIGHTS
Anti-pollution measures in various sectors

Accelerates coal-to-gas and coal-to-electricity switch

Higher gas demand seen amid surge in global gas prices

spglobal.com

But you know Mr. Market always reassert itself.
La Nina will go away and after Winter Olympics games China will be back to its old normal.
Nothing to worry about.
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