$Henry Hub Natural Gas Futures(OCT4) (NGmain.US)$Puting is getting desperate and running out of options. Turn gas off, initiate a nuclear power plant meltdown, use tactical nuclear weapons or redirect it's army from the east to the north? Turning off the gas seems to be the quickest and easiest option for now to signal to the world that the worst is yet to come.
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$Henry Hub Natural Gas Futures(OCT4) (NGmain.US)$"Satellite images have emerged showing destruction at the Sudzha gas metering station in Russia's Kursk Oblast. Quote: "The analysis of the images indicates that some of the damage appeared between 9 and 10 August and some between 10 and 11 August" - gas still flowing to Europe though...
$Henry Hub Natural Gas Futures(OCT4) (NGmain.US)$"Ukrainian troops seize Russian gas metering station as incursion into Kursk region continues" - OMG...It is now a real possibility for Gazprom to declare a force majeure and blame it on Ukraine. Russia will likely make up for the losses with gas price spiking elsewhere as a result.
$Henry Hub Natural Gas Futures(OCT4) (NGmain.US)$With the war now in Russian soil, Europe face a very high risk that Russian gas will be disrupted due to Russian/Ukraine desperation or desire. TTF gas price might shoot past its previous historical high of $339 and US natural gas price might spike back to near previous $9 or higher as a result, until there is a negotiated peace deal.
$Henry Hub Natural Gas Futures(OCT4) (NGmain.US)$Russia's major gas transmission hub in Kursk Oblast is at great risk now that Ukraine has finally launched its offensive. Plus, there are still tons of yen carry trade natgas shorts left to unwind here. End game?
Henry Hub Natural Gas Futures(OCT4) Forum
Turning off the gas seems to be the quickest and easiest option for now to signal to the world that the worst is yet to come.
- OMG
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