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Natural Gas Prices Skyrocket GLOBALLY due to Historically Cold 2021 and Failing Renewables

A surge in natural gas prices on the global market has emerged.

The market has been in upheaval in recent months due to a rapid depletion of supplies in Asia and Europe due to the historically cold winter of 2020-2021 and the big freezes which extended well-into spring.

This is according to Sohbet Karbuz, of Bilkent University Energy Policy Research Center, who also attributes the increased LNG prices to a rise in carbon prices in Europe, and to natural gas having to fill the void created by the lower-than-expected generation from renewables.

In other words, this issue is partly self-inflicted as ‘green policy’ continues to hamstring the global energy supply.

“The prices were around $25 per ton in November 2020, now it’s over $50,” laments Karbuz. “As such, the transition from coal to gas accelerated. Wind and solar also failed to deliver what was expected in electricity generation in Europe,” he adds.


The gas market in Asia has changed over the past six months, explains Karbuz, with China overtaking Japan as the world’s largest LNG importer.

Karbuz warns that Japan’s demand will increase with the start of the Tokyo Olympics –due to begin on July 23– and that this will heap further pressures on the market by creating even greater competition among importers.

Karbuz also notes that the LNG market pivoting away from Europe to focus on Asia has resulted in much higher prices across the EU.

“Europe is in a difficult situation in terms of price,” he says. “LNG prices are increasing. There has been a decrease in LNG input capacity due to maintenance and malfunctions in some LNG facilities in Europe, which is considered as the last supplier.”

The shortage in gas supplies has been compounded by Russia’s reluctance to exceed its normal contract with supplies to Europe. 

“Russia sends gas almost at full capacity from Yamal (liquefied natural gas terminal) and through the Nord Stream (gas pipeline). It could increase the flow through Ukraine, but it does not want to exceed the normal contract amount. There is a geopolitical war,” says Karbuz. 

Successive problems with gas imports from Libya to Italy in June have further contributed to the shortage.

Rethinking Future Investments in Natural Gas Infrastructure | Greentech  Media


As of the end of June, gas stocks in Europe dropped to the lowest level in the past 10 years, culminating in near seven-fold price increases

Prices at the UK’s National Balancing Point (NBP) hub, the Dutch Title Transfer Facility (TTF) and the Japan Korea Marker (JKM) were below $2 per MMBtu (Metric Milion British Thermal Unit) in June 2020; but now, as of July 7, prices have soared to $10.92 on the NBP, $11.19 on the TTF, and $12.69 on the JKM.

It is feared that this won’t bode well for winter prices when demand is at its highest yet supply is low.

“If the weather is bad and there is not enough gas in the tanks, then there will be a big turmoil in gas prices,” concludes Karbuz — people could wind-up struggling through the harshest months of the year without energy.

Unfortunately, a cold winter is exactly what’s expected, particularly given the reemergence of La Niña conditions:


It may be the middle of summer, but those in the Northern Hemisphere should be preparing for winter NOW as a myriad of miseries threaten to combine and hit simultaneously — the perfect stormthe Grand Solar Minimum.

Don’t rely on a fragile infrastructure or on the planning of local government — they will fail you.

Be the ant, not the grasshopper.

Be responsible for yourself.

The COLD TIMES are returning, the mid-latitudes are REFREEZING, in line with the great conjunction, historically low solar activitycloud-nucleating Cosmic Rays, and a meridional jet stream flow (among other forcings).

Both NOAA and NASA appear to agree, if you read between the lines, with NOAA saying we’re entering a ‘full-blown’ Grand Solar Minimum in the late-2020s, and NASA seeing this upcoming solar cycle (25) as “the weakest of the past 200 years”, with the agency correlating previous solar shutdowns to prolonged periods of global cooling here.

Furthermore, we can’t ignore the slew of new scientific papers stating the immense impact The Beaufort Gyre could have on the Gulf Stream, and therefore the climate overall.


Prepare accordingly— learn the facts, relocate if need be, and grow your own.

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So any way you can, help us spread the message so others can survive and thrive in the coming times.

Grand Solar Minimum + Pole Shift

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8 Thoughts to “Natural Gas Prices Skyrocket GLOBALLY due to Historically Cold 2021 and Failing Renewables”

  1. John Archibald

    Re Gas shortage/increasing prices; What we should be doing is extracting CH4 and H2 from coal again. This will make many coal bearing countries self sufficient and be able to export CH4 and H2 for city and inner city vehicles thus helping to clean up the current air pollution from petrol and diesel fuels. Obviously the gas extraction process will encompass CHP and district heating for an over all conversion TE >90%. Stack emissions will therefore be H2O and CO2 with minimal trace gas and particulates. Chemical can also be extracted with coal feedstock much the same as we do with Oil.

    1. Matt Dalby

      That’s one option, the other would be to start fracking in countries such as the U.K. and possibly France, that are both likely to have trillions of cubic feet of recoverable shale gas. Despite all the flack that the U.S. gets from eco-nutters they’ve reduced CO2 emissions by a huge amount over the last 20-30 years, and lowered energy prices by fracking. Obviously this common sense approach is a no-no for any European government as they’re all in thrall to the eco-loons.
      Sadly any sensible response will take at least a few years to start producing enough gas to make a difference to prices. In the meantime middle class greens will be fine, it’s the less well off who’ll suffer despite the fact that they tend not to support green policies. I wish all those in favour of renewable energy and net zero had to spend a winter choosing between heating and eating, then we’d see how committed they are to their green “principles”.

      1. Petrichor

        The USA has vast lands, and can locate fracking sites to thinly or uninhabited areas. — The UK is a smallish and densely populated island by comparison; and in places where fracking has been tried, there have been novel earth tremors and danger to watersheds and springs vital to potable water supply. Fracking also involves huge consumption of water, production of wastewater, and road infrastructure, which the UK can ill afford; and what is rarely stated is that a fracking well only has a productive half-life of 10 years. What is appropriate and comparatively safe in the USA is quite risky in the UK. The matter was of such national alarm that the Anglican and Catholic Churches, after studying the current science of the practice, urged citizens to protest and resist a national commitment. to fracking as dangerous to the British environment.

  2. richard

    meanwhile we are still arguing wether to open cokeing anthracite mine in cumbria after over 15 yrs of planning

  3. Lyle

    You’d think that they would implement renewables that could handle inclement weather. Many jurisdictions don’t have problems with wind energy, and solar is MORE efficient when it’s cold.

  4. John Archibald

    Like oil and gas from oil tar sands fracking is fine in sparsely populated areas and where nature is also less affected. For the vast majority of densely populated counties oil and gas from shale is best derived by shale ore mining and processing – something the UK did with great practical and economic success before north sea oil and gas came along.
    The simple fact is gas oil and chemicals derived from bituminous coal is the cheapest and more secure solution until renewables and /sustainable energy can provide all of humanity an energy platform we can all develop on based on on our skills and resources. In which case the overriding technology should be aimed at pollution reduction and energy efficiency.
    It’s a no brainer therefore to reverse the current unfounded AGW fossil fuel energy policies of which new coal mining for thermal and metallurgical coal to aid cheaper manufacturing via cheaper steel production not only makes sensible economics, it is also relatively quick and easy to implement. What’s bewildering however is how the General Public can’t see through the Political AGW charade and remove our band of corrupt and incompetent politicians and install Public Controlled Democracy. Where one person does have an equal and proportional vote and where a 70/30 majority does implement the will of the vast majority.
    This is indeed a far cry from the nuclear option that Thatcher introduced by destroying the trade unions legal powers and the lives of millions of working class people. And why Blair Obama and our current political numskull sly leader’s still meat out with their tacit threat of nuclear annihilation and in subsidising with public taxation the dearest energy that only the greens and allied elites and conservatives can afford, energy which also includes wind tidal and PV.
    Moreover, the threat from the virus is another political weapon being used against the working class masses as the UK the Government is clearly willing to kill thousands more in the quest to benefit this inherent capitalist agenda of rule and divide by force and death.
    Cao Allon provides a great site to air these disgraceful facets of our corrupt World Wide politics by highlighting the glaring obvious laws of physics and thermodynamics at the molecular heat transfer stage where CO2 molecules excited by the Suns radiative heat spectrum cannot cause the heat required for the Earths climate to change. Water vapour does this and all any any heat gain is directly proportional to the incoming heat from the SUN. All ice core records and recent GISP2 ice core data clearly vindicates that all atmospheric gas temperatures follows the SUN’s heat.

  5. rene c.a. verstraeten

    What happens if in a strong winter in N Europe:
    All seaborne windmills in northern europe are whipped out by moving sea ice
    All water downpour in the dammed lakes in Norway and Sweden is frozen with the upper part of the lakes and the turbines for hydro energy can’t run?

    So much for dreamers in sustainable power from the sea under colder projected climate.
    Only nuclear can supply power under every circumstance. Natural gas will be insufficient to supply even home heating in a winter cold wave.

    Calculate deaths from such an event in Norway, Sweden, Denmark, Netherlands,England,Germany. Compare that to a nuclear emergency with like <100 casualties of the Fukushima type.

  6. John Archibald

    The problem with nuclear power is it’s far too expensive and dangerous i.e. far more deaths and illness from accidents and use with WMD’s and or spent uranium. Long term storage of spent fuel is also not safe and extremely expensive. If however nuclear fusion can be made to be a practical and cheaper alternative than fossil fuels and does not have the dangers associated with nuclear fission and the the cost issue is affordable to all, that will be a game changing attainment.
    One must however appreciate that after 80 years or so of R&D into nuclear fusion with the best engineer’s scientists and physicist we are still no further forward to making a practical cost effective fusion powered electricity power station.
    Obviously and contrary to the closed case political collusion to blame CO2 for climate change, that does not mean nor to suggest and or infer that nuclear fusion will never be achieved.
    We therefore come back to what energy sources we have now and by far the most pragmatic and socio economic world wide policy is to tone down and use our fossil fuels much more efficiently and cleanly and increase the use of sustainable forms of energy that are economic. We can then consolidate this politically and in stead of unfounded Paris style political dictates agree a 50 or so year time line to review this.
    In the meantime we must, as concerned citizens and learned individuals, highlight and adapt to definite climate changing features that are wholly man made such as; urban heat island (displacing soil for concreate and tar) microwaves and the destruction of vast areas of trees and vegetation.

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