Japan Buys Most Expensive Gas Shipment as Energy Crunch Bites
- Nippon Steel paid highest ever price for LNG delivery: people
- Tight energy markets are sending prices of gas and coal higher
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Japan bought its most expensive ever natural gas shipment as an escalating global energy crunch brings new risks of blackouts and intensifies competition for fuel imports.
Nippon Steel Corp. purchased a liquefied natural gas cargo for delivery in September in the low-$40 per million British thermal units range, according to traders with knowledge of the matter. The cargo is Japan’s most expensive ever, they said.