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.
Concerns about winter shortages grow as Europe scrambles for supplies
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
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.