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Market Minute: More Gas For Japan
What Happened: Qatar announced it was shipping 4 million tons of liquefied
natural gas to Japan to help power around 5 million homes.
What It Means: Oil has gotten expensive. Natural gas is a much cheaper way to
power electrical plants.
Why It Matters: As we said last week natural gas is cheap and abundant. Prices
have been in a slump for nearly 3 years. But they seem to have found a floor
around $4/mmBtu. With Japan importing more natural gas, supplies could tighten.
And that would help boost prices.
Recommended Action: Keep an eye on natural gas producers. Japan is switching
from nuclear to natural gas. And some other countries will follow Japan's lead.
An upswing in demand could increase prices and profits for natural gas
producers. Extract from Early to Rise - Investors Edition
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