Reported 3 days ago
The cessation of Russian natural gas supplies to Europe through Ukraine is anticipated to intensify competition in Asia, driving up prices for liquefied natural gas (LNG). As Europe faces a tight supply and must replace about 5% of its gas, experts predict that LNG prices will rise due to ongoing market constraints. This development follows an energy crisis sparked by Russia's invasion of Ukraine, leading to increased regional and international gas prices.
Source: YAHOO