Financial Times: Qatar was forced to stop gas extraction due to an attack by Iran, causing a loss of nearly 20% in global LNG supply.
MST Financial analyst Kavonic said, "The scale of the crisis facing the global natural gas market may far exceed that of the oil market."
A long-term supply gap of natural gas from the Middle East could reach 120 billion cubic meters per year, exceeding the total losses in Europe after the outbreak of the Ukraine war. Israel has also shut down two large natural gas fields.
The price of natural gas in some countries has risen by about 20-24%, becoming the largest increase in recent months.
The violent escalation of the situation in the Middle East has triggered concerns in global markets, and the economic aspect is reacting to the potential interruption of energy supplies:
-- Exchange volatility has increased, and stock markets have fallen;
-- The TTF benchmark price for European natural gas has surged nearly 50%;
-- Oil prices have risen by about 9%, to $79.41 per barrel;
-- Investors are factoring in the risk of further deterioration of the situation, which has also pushed up energy prices.
Original article: toutiao.com/article/1858572694008832/
Statement: This article represents the views of the author himself.