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Wow wow wow... European Gas prices just surged 50% after Qatar said LNG infrastructure is under threat (feddit.uk)

submitted 5 months ago* (last edited 5 months ago) by NomNom@feddit.uk to c/europe@feddit.org

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QatarEnergy, the world's largest producer of natural gas, just got bombed.

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[–] Ascendor@discuss.tchncs.de 61 points 5 months ago (1 child)

Wow wow wow!

Wait, let's do what's always important when looking at wow wow wow graphs: Check scale. Ok, you're looking at a period of a day. Let's look at more.

Wow wow wow. This is what we are looking at. NOTHING happened. Really nothing.

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[–] Melchior@feddit.org 5 points 5 months ago (1 child)

This is Dutch TTF. It used to be much higher in 2021 and 2022 as Russia cut their gas supply. However it went down quite a bit with new LNG going online and obviously reduced gas consumption. This is still a fairly big problem, as the EU is cutting Russian LNG right now and buying more American LNG is a problem due to creating a dependence.

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[–] Ascendor@discuss.tchncs.de 1 point 5 months ago

Right. I'm not saying there's no problem coming up. Whatever's happening in Iran might make things expensive again. I'm just saying that in comparison to previous crisis, nothing has happened YET.

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lemmy:	0.19.20
mlmym (mschae):	26.3.4