Submitted by leapinleopard t3_ynw3ya in wallstreetbets
The play is Natural Gas and Natural Gas tankers, calls for the cold months: Especially calls on companies like Flex LNG (FNLG), Dynagas LNG Partners LP DLNG or GasLog Limited (GLOG) - that focuses solely on the management and operation of LNG carriers, and vesselsEdit: Gaslog GLOG has been delisted...
About 10% of the LNG vessels in the world, 60 tankers, are sailing or anchored around Northwest Europe, the Mediterranean, and the Iberian Peninsula, according to MarineTraffic.
- Dozens of LNG tankers are idling off Europe's coast as they hold out for higher prices, per the FT.
- Combined, the 30-plus ships are carrying natural gas worth $2 billion, according to Vortexa data."
https://www.yahoo.com/now/ships-carrying-2-billion-natural-110454279.html
If you want to buy electricity for delivery in the coming January in France you will be paying over EUR1000 per MWh as against EUR200 last January and EUR50 the year before!
The implications are enormous. For every 1 degree drop in temperature France needs one extra nuclear power plant to provide heat across the country. On a cold January day France needs circa 45GW of nuclear energy. Yesterday there was only 25GW online. https://twitter.com/gerardreid14/status/1589156279905198080