Quote:
Originally Posted by Jaymoss
Those who farm and sell the gas choose the price. Asia using more gas does not increase the price greed does
---------- Post added at 19:57 ---------- Previous post was at 19:57 ----------
I said governments 30 years ago
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The prices are not being set by the sellers, they are being set by the
buyers.
That is how auctions work.
Quote:
About half of the UK’s gas comes from the North Sea, and a third is sourced from Norway. The rest is made up of imports of liquefied natural gas (LNG) transported to Britain by sea from countries such as Qatar and the US. The Russian gas that the UK [less than 5%] receives comes in LNG form.
These LNG supplies are very sensitive to global market prices and are sold to those offering the highest price.
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Quote:
In recent decades, demand for gas in some regions like Asia and the Middle East has risen sharply.
This has knock-on effects on the market for liquified natural gas (LNG), which makes up about a quarter of Europe's imports.
When demand for LNG is high, supplies tend to be diverted to Asia to take advantage of rising prices.
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