Great thread by @davidfickling.bsky.social.
And it's worth noting: the outlook for LNG demand in Asia was weaker than generally appreciated even *before* the Hormuz shutdown alerted importing countries to the huge risks of making their energy systems LNG-dependent.
e360.yale.edu/features/tru...
People are still underestimating how much the prospects of LNG growth in Asia are totally busted.
Even setting aside the Hormuz factor, the economics are just brutal: 🧵
www.bloomberg.com/opinion/arti...
Exxon Mobil Corp. appears to think buying an Australian LNG producer might be the best way to make the most of global energy markets after the re-opening of the Strait of Hormuz. That could be a costl...
