Extreme heat joins Russia risk in driving natural gas rally

Asia-Pacific demand seen surging as temperatures rise in China and Japan

20240621N LNG terminal

Asian spot prices for liquefied natural gas have jumped by half since March. © Reuters

YUTA KOGA, Nikkei staff writer

TOKYO -- Extreme heat across much of the world is driving natural gas prices to some of the highest levels this year, exacerbating the upward pressure from worries about Russia curbing supplies to Europe again.

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