China's hunger for LNG drives prices higher as it cuts carbon use

Concerns about winter shortages grow as Europe scrambles for supplies

20211005N LNG tanker

An LNG tanker sails of Singapore. The price of the fuel on the Asian spot market, which serves as the global benchmark, is at record levels.  © Reuters

KAZUYA HIRUTA, Nikkei staff writer

TOKYO -- Competition for limited supplies of liquid natural gas is intensifying as China and Europe rush to meet their growing needs, raising global prices to record levels.

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