News for hackers. Stuff that matters.

A comment on Japan to invest on nuclear energy in major policy shift. Parent comment

Re:Japan to invest on nuclear energy in major policy shift by idiotsecant on Thursday December 22, 2022 @12:20PM (#34095823)
It's not as clean as you describe - natural gas is certainly a global market, as demonstrated by the price correlations: futures in the united states are typically based on the henry hub price, as determined by the price at the henry hub located in Erath, Louisiana. If we compare this to rates found at, for example, the UK national balancing point, we will find that there is a definite correlation. The international trade in natural gas is definitely non-trivial. Grandparent post is making the claim that gas is traded internationally and north Americans are generally not insulated from global prices. This is demonstrably true.

https://www.theice.com/products/910/UK-NBP-Natural-Gas-Futur... https://ycharts.com/indicators/henry_hub_natural_gas_spot_pr...

[ Parent | on HN ]
Re:Japan to invest on nuclear energy in major policy shift by DennisP on Thursday December 22, 2022 @12:56PM (#34096249)
Sure, I'm not saying they're completely separate. If demand for LNG increases a lot (as happened recently) then some US gas is going to go that way. But a country like Japan, subsisting on imported LNG, is still paying way more for its gas than domestic consumers in the US, and that's the point that matters if we're discussing nuclear's market challenges in Japan vs. the US.
[ Parent | on HN ]