Level of difficulty- extremely high
From the Economist
Booming bottlenecks Volatility sucked earth bite drought (X2) buffers doubled soared
Hydro electric or LNG (liquefied natural gas)?
Across the world, a natural-gas shortage is starting to_______ . Prices of power in Germany and France have _______ by around 40% in the past two weeks. In many countries, including Britain and Spain, governments are rushing through emergency measures to protect consumers.
Its causes are simple: an energy market with only thin safety _______has become acutely sensitive to disruptions. And subdued investment in fossil fuels may mean higher _______________________ is here to stay.
A hot summer has added to _____________ gas demand in Asia.
Three-fifths of China’s power is generated by coal; a fifth comes from hydropower. But hydropower generation has been low because of a _______.
….
Meanwhile, a _______ in Latin America, which gets half its power from hydro, has increased the need for gas there. The region’s LNG demand has almost ________ in the past year.
With LNG being ______ into Asia, less has been left for European buyers.
But the price of coal is also at near-record highs on the back of demand for electricity and production______________.
Gas prices are unlikely to come down to ______ soon