NomNomMar 2

European Gas prices just surged 50% after the Qatari LNG production is under attack

https://feddit.uk/post/45195551

Show threadplythMar 2
We buy the much more expensive US fracking gas. That spike is a minor blip to Europe.
Show threadzaphodMar 2
It’s not just about where european countries buy, there’s a global market, it’s about who bought gas from Qatar and where they will buy their gas now. AFAIK Qatar exports a lot to asian countries, if they can’t get gas from Qatar anymore they’re going to buy from other countries, for example from the USA. That’s going to raise the price for US fracking gas and will affect Europe.
Show threadTar_Alcaran
Exactly. India buys from Qatar. Qatar stops supplying, India starts buying from the US, just like us.
Mar 2 at 5:35pmWeb