Taking stock of hurricane season energy risks

While the fossil fuel sector looks set to get off relatively lightly from Hurricane Beryl, the prospect of a busier than usual Atlantic hurricane season this year raises the chances of greater disruption down the line. This could prove a particularly pertinent political problem if a major hurricane were to damage US refining capacity and push up domestic gasoline prices ahead of the US election. Meanwhile, the concentration of LNG export terminals in the Gulf of Mexico means that the major importers of US natural gas – the EU and the UK – would bear the brunt of the pain from hurricane-related damage to export infrastructure.

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