Reply To: Climate, the science, politics, economics and anything else


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#77042
ET

“It is a bit of a mystery to me why the cost of Methane has recently been skyrocketing?”

It seems storage is at its lower levels across Europe, economic activity is increasing post lockdowns etc fuelling demand and we are heading into winter when demand for power rises with homes and offices requiring heating. Russia, via Gazprom, is allegedly quietly refusing top-up supplies to its customers with supplies 1/5 lower than pre pandemic levels. Nordstream 2 is probably the main reason this is happening.
Nord Stream 2 fails to get exemption from EU gas market rules. The link explains some of the politics.
This link gives more detail about the politics of Nordstream2.