The next focusIR Investor Webinar takes places on 14th May with guest speakers from WS Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Spot on perfect Eaglerbf!!! Biden and his partners in crime have no skin in the game, so why care if they make us all take a knee to their bull$hit policies. "Let them eat cake"......
Yes, we live in a capitalistic dictatorship.
I’m an individualist, a realist, and an opportunist.
After the last German democratic government fell in 1932, the dictatorship that took over did three things: align with big business, take over the press, and silence the political opposition.
Our new progressive administration is aligned with Big Tech (the unions ran out of money), Big Tech controls information flow and the mass press are progressives, and social media and mass media pressure is silencing the opposition.
Political leaders via their families, the intelligentsia, sport figures take money from China.
And the Progressives are wasting no time, Mrs Warren, head of the Senate Finance Committee is working on the “Wealth Tax”.
There are no “Wall Streeters” in the Biden Administration, progressives are running the show: “Fed policies that effectively set a floor under stock prices -- have ceased to exist. Powell most likely will be replaced by a progressive Democrat when his term ends next year.”
It’s hard to imagine when the inevitable happens that Mr Biden, Mrs Harris, Mr Sanders, and Mrs Warren will be able to calm the markets and instill confidence. None have owned a business.
Cash is king.
GLTA
Eaglerbf
Funny, if you replace "Communist" with Capitalist, "China" with USA, and Korea and Japan with Canada and Mexico, respectively, your statement still makes sense!
Cheers.
Interesting
China is an opportunistic Communist Dictatorship.
Believable that they want to shakeup the market, keep it off balance, and suck up the supply.
Not for the stated reasons, save the environment, really? By 2060? China altruistic? It’s laughable.
No it’s to diminish it’s neighbors, Korea and Japan.
Why on earth anyone would take what China says at face value? A Communist Dictatorship.
China’s Pursuit of Natural Gas Jolts Markets and Drains Neighbors.
Beijing’s quest to run the world’s second-largest economy on cleaner energy is reshaping global trade in the fossil fuel.
A sudden confluence of global supply outages and an unusually cold winter tripled LNG prices in mid-January to a record $32.50 a million British thermal units from early December—and brought into focus China’s increasingly outsize role.
Underpinned by its economic boom and rising presence in LNG spot markets, Beijing’s efforts to shift from coal to gas as a fuel over the longer term has drawn ever-larger LNG imports in recent years, tightening supplies available to gas-dependent neighbors Japan and South Korea. The three economies account for 60% of the world’s LNG consumption. (…)
In December, China imported 7.6 million metric tons, the most ever. Utilities in Japan reported severe shortages of natural gas and averted blackouts by turning back to coal, oil and other older means of power generation. LNG consumption rose last year by some 11%, far outpacing the 1% rise globally, data from consulting firm Wood Mackenzie shows. Imports meet about 45% of China’s demand, which has been rising since President Xi Jinping set around 2015 decadeslong plans to pipe natural gas into millions of Chinese homes and factories. Beijing views natural gas as a steppingstone—a cleaner fossil fuel—in its campaign for carbon neutrality by 2060.
Provincial authorities, including in southern Guangdong, began requiring more manufacturers to burn gas instead of coal last year, official reports say. And Beijing loosened rules in the past two years to allow more companies to import LNG, turning provincial gas distributors into more active bidders in spot markets once reserved for a handful of state-controlled giants. (…)
“We are doing everything possible to increase supply of the resource,” the National Development and Reform Commission said at the time. “We are making every effort to increase the purchase of spot LNG.”
In Japan, power plants in the heavily populated Kansai region were running at 99% of generation capacity; more than the usual 60% for LNG-fueled plants. Japan depends on natural gas for about a third of its electricity. (…)
China’s gas demand is set to keep rising, underpinning the potential for supply shocks to turn prices volatile in coming years.
“Even before winter, there were a lot of policies to hasten infrastructure investment” in China’s LNG storage and connectivity, said Woodmac analyst Miaoru Huang. “But I think after this price spike, there will be renewed incentive to advance the build.”