TOKYO -- Prices for liquefied natural gas on the Asian spot market have surged nearly 10 times from average summer rates, causing crippling shortages in emerging nations strapped for foreign currency.
Energy
LNG price spike causes energy crises in strapped Asian nations
Pakistan deals with power shortages and production cuts amid tenfold jump
Asian LNG buyers are competing with European purchasers reeling from Russia's move to tighten supplies in July. © Reuters
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