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Understanding Hydrogen's Role In Achieving Global Zero Emissions Targets - Energy and Natural Resources

As the global challenges posed by climate change continue to mount, countries around the world are looking for innovative and economically feasible sources of cleaner energy. ....

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Price Spike Shows

Price Spike Shows Fragility of Northeast Asian LNG Markets: APERC
Mar 3, 2021 12:40:pm
Summary
The perfect storm , caused by a cold snap and other factors, has highlighted the lack of gas storage and other infrastructure constraints in the region.
by: Joe Murphy
Posted in:
Price Spike Shows Fragility of Northeast Asian LNG Markets: APERC
The spike in gas prices in Northeast Asia near the end of 2020 and in early 2021 has highlighted the fragility of the region s LNG markets, a report by researchers at the Asia Pacific Energy Research Centre (APERC) states.
A number of factors created a perfect storm in the region s gas markets, causing LNG spot prices to soar tenfold in mid-December to a record high of over $30/mn Btu. These factors included a cold snap, limited nuclear output in Japan, record high demand in China, constraints on coal-fired generation in Korea, lower LNG inventories and liquefaction plant outage ....

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