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Business Matters: US gas explosion puts pressure on prices

US gas explosion puts more pressure on Europe

15/06/2022 GMT

US gas explosion puts pressure on prices

BBC World Service - Business Matters, US gas explosion puts pressure on prices

An incident at an LNG facility in Texas has caused uncertainty over global supplies.

An incident at an LNG facility in Texas has caused uncertainty over global supplies, with futures prices plummeting. It could be months before the plant is back online.

We're talking all about the different crises gripping global energy markets in this programme. First, an incident at an LNG facility in Texas has caused uncertainty over global supplies, with futures prices plummeting. It could be months before the plant is back online. Europe - which is already dealing with reduced supplies from Russia - now faces a shortage. In Sri Lanka, the fuel crisis continues, as people are asked to work a four day week. With the whole world seemingly facing supply disruption, President Joe Biden has announced he'll visit Saudi Arabia. We'll also visit Denmark and Tanzania, where innovative solutions are being found to keep energy flowing. To discuss these issues, Sam Fenwick is joined by Marketplace's Andy Uhler in Texas, and Sharon Brettkelly from the Detail podcast on Radio New Zealand. We'll also hear from the Sri Lankan political writer Asanga Abeyagoonasekera. Elsewhere in the programme, further fears about a decaying tanker in the Red Sea off Yemen. The UN's David Gressly tells us why it matters. Sticking with supply issues, women's sanitary products are getting harder to access in the US. We'll hear about that from Dana Cohen from California manufacturer Cora. (Picture: a gas terminal burns in Poland; Credit: Getty Images).

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