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Page added on June 17, 2022

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Global Energy Crunch is Making Gas Too Pricey for Asia

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A breakneck rally in Asian natural gas spot prices is forcing some importers to halt plans to buy additional shipments of the power plant fuel.

North Asia spot liquefied natural gas prices are surging toward $40 per million British thermal units, the highest in over three months, on fears of a global supply squeeze, according to traders with knowledge of the matter. The benchmark is up nearly 70% so far this week and is at a seasonal high.

A breakneck rally in Asian natural gas spot prices is forcing some importers to halt plans to buy additional shipments of the power plant fuel.

North Asia spot liquefied natural gas prices are surging toward $40 per million British thermal units, the highest in over three months, on fears of a global supply squeeze, according to traders with knowledge of the matter. The benchmark is up nearly 70% so far this week and is at a seasonal high.



One Comment on "Global Energy Crunch is Making Gas Too Pricey for Asia"

  1. makati1 on Sat, 18th Jun 2022 5:25 pm 

    Bloomberg. More US propaganda. Not much better than the NYT, WAPO, or the Wall Street Urinal.

    Notice no country refs or real facts. Typical propaganda for the non-thinkers.

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