Asian LNG prices surge as China goes green

Beijing works to reduce air pollution by switching to natural gas

1125N China air pollution for LNG story (Reuters)

China's notorious air pollution worsens in winter as coal consumption rises to provide heating.

TOKYO -- China's shift toward natural gas as a way to combat air pollution is sending Asian LNG prices wafting higher.

Spot prices for liquefied natural gas stand in the upper $9 range per 1 million British thermal units, climbing 80% since this year's low in June and reaching the highest level in 34 months.

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