: Coal and nuclear plants that had been shut down overnight to conserve resources failed to restart. The nation went dark for 15 hours.
But LNG has gone global in recent years, fueled in part by a glut of cheap gas and new export terminals in the United States. The U.S., which shipped its first cargo of LNG in 2016, was the world’s largest exporter during the first half of 2022, before a Texas terminal caught fire and crimped U.S. shipments,So when Putin ordered the attack on Ukraine, Europe retaliated by turning to the U.S. and a few other countries to replace the gas it once received from Russia. U.S.
Officials in the Philippines have sought to boost their renewable energy targets, too, in a bid to generate more power domestically and cut emissions. They say part of that strategy depends on having gas as a backup.Several planned liquefied natural gas projects in the Philippines are being delayed, in part because of high gas prices and a lack of long-term contracts that would ensure consistent supplies. That’s creating uncertainty about LNG investments.
Personally appreciate the interconnected nature of the world today. Never will praise war, but will reflect upon it’s impacts to find positivity. We are all one people, and we are humanity
It's tax season, Americans are trying to figure out how to provide assistance to stop all the crime and fund the federal government, not fuck the feds, that's someone else's lingo.
The world markets are so deeply intertwined that one major event can effect global markets politics. It’s the dark side of globalization.