Asia Gas Prices at Highest Since War Began on Fuel Crunch
- Japanese utilities look for LNG supply from December onward
- Supply disruptions from US to Australia tighten market
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A global rush to secure shipments of liquefied natural gas for winter catapulted Asian prices to the highest level in five months.
The Asian benchmark spot LNG price jumped close to $60 per million British thermal units on Tuesday, the highest level since early March when Russia’s invasion of Ukraine upended energy markets.