Patricia Cohen

So let's say the war ends tomorrow.

You could open up the Strait of Hormuz and traffic would start flowing again.

But Qatar is not immediately going to be able to repair...

and start producing that LNG again.

Basically, it's a source of energy, right?

So you've got oil, you've got natural gas, you've got coal, you've got solar power some places, you've got wind power some places, you've got nuclear power some places.

And these are all energy supplies that countries use to different degrees.

Okay, so LNG.

A lot of countries switch to it from coal because coal is really dirty.

So that's one of the reasons, particularly in Asia, Korea and Japan switch from using coal to liquefied natural gas.

It's also much cleaner than oil.

It's about 30% cleaner than oil.

And so countries were diversifying their energy supplies because you didn't want to put all your eggs in one basket, right?

So you had oil, you had coal, you had natural gas.

A lot of countries, of course, are trying now to increase renewables, their use of solar and wind.

I wouldn't say it's a main source of energy, but it's an important source of energy.

So Japan, for instance, decreased its dependence on nuclear power and coal and increased its use of LNG.

So now LNG makes up about 21%.

of Japan's total energy supply, but it's used to generate 30% of its electricity.

So that's, you know, how you power your cell phone, your laptop, your hairdryer, your oven, your washing machine.