European gas prices soar by nearly 50 percent as Qatar halts LNG output after Iranian attacks

Benchmark Dutch and British wholesale gas prices have soared by nearly 50 percent, after major liquefied ⁠natural gas (LNG) exporter Qatar Energy said it had halted production due to attacks in the Middle East.

“Disruptions to LNG flows would reignite competition between Asia and Europe for available cargoes,” said Massimo Di Odoardo, vice president, gas and LNG ⁠research at Wood Mackenzie.

The Dutch front-month contract at the TTF ⁠hub, seen as a benchmark price for Europe, was up 14.56 euros at 46.52 euros per megawatt hour (MWh), or around $15.92/mmBtu, by 1255 GMT, ICE data showed.

Prices were already about 25 percent higher earlier in the day, but extended gains after Qatar Energy’s ⁠production halt.

Benchmark Asian LNG prices jumped almost 39 percent on Monday morning with the S&P Global Energy Japan-Korea-Marker (JKM), widely used as an Asian LNG benchmark, ⁠at $15.068 per million British thermal units (mmBtu), Platts data showed.

“If LNG/gas ⁠markets start to price in an extended period of losses to Qatari LNG supply, TTF could potentially spike to 80-100 euros/MWh ($28-35/mmBtu),” Warren Patterson, head of commodities strategy at ING, said. The British April contract was up 40.83 pence at 119.40 pence per ‌therm, ICE data showed.

aje.news/wwomw4?update=4355553…

A couple of things with this #Iran situation. Seems to me that opens #Trump up to a #Rushdie situation from some sleeper somewhere, and that doesn't require a military to pull off, Secret Service notwithstanding. Somebody somewhere is going to issue a fatwah that will take as many years to pull off as it took for Rushdie. Not that he doesn't have a few fatwahs already in place via Islamists anywhere.

And then there's the matter of pro-Pahlavi faction not all being Iranians. Turns out that the anti-Muslim Parsees fit hand-and-glove with anti-Muslim evangelicals who definitely are NOT Iranians. Parsees prefer to be Persians. So guess where the funding is gonna come from.

Seems to me that Trump's evangelical base is what's going to drive a big wedge between him and his BFF #Putin because Iran is what gives #Russia the Shahed drones used against #Ukraine. So is Russia going to come running to Iran's defense now? It's true that the Shaheds are being produced in Russia but Russia has been counting on Iran + Russia for the total supply, and now it has to subtract Iran.

Bottom line, Putin has just GOTTA be furious at Trump at this point.

Western media are full of bs..

Khamenei’s killing marks ‘defining moment in Iran’s history’: EU’s Kallas
European ⁠Union ⁠foreign policy chief Kaja Kallas says the death of Iran’s Supreme ⁠Leader Ayatollah Ali Khamenei was “a defining moment in Iran’s history”.
“What comes ‌next is uncertain. But there is now an open path to a different Iran, one that ⁠its people may have ⁠greater freedom to shape,” Kallas said on X.
“I’m in ⁠contact with partners, ⁠including those in the region that bear the brunt ‌of Iran’s military actions, to find practical steps ‌for ‌de-escalation.”

Who elected this stoopslot anyway??

reality:

Ayatollah Alireza Arafi, a member of a powerful constitutional watchdog, has been appointed to the three-member temporary council that is by law to govern until another supreme leader can potentially be chosen.
The 67-year-old cleric, who is a member of the Guardian Council that must later choose a supreme leader, was confirmed to the council by the Expediency Council, a powerful arbitration body.
Arafi will now join hardline cleric and judiciary chief Gholam-Hossein Mohseni-Ejei and President Masoud Pezeshkian on the temporary council.
The IRGC and security chief Ali Larijani are also expected to play pivotal roles, but it remains to be seen where the balance of power lies.
Meanwhile, the commander-in-chief of the IRGC has now been assassinated for the second time in less than a year, and the next leader of the elite military and economic force has yet to be announced.
IRGC-linked Telegram channels are citing deputy chief Ahmad Vahidi, who was appointed to the position by Khamenei two months ago, as a likely candidate.

Source with more facts there> aljazeera.com/news/liveblog/20…