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There is hardly any gas : LNG price rally exacerbates gas crunch in Asia | Hellenic Shipping News Worldwide
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Price rally exacerbates gas crunch in Asia - Newspaper
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RPT- There is hardly any gas : LNG price rally exacerbates gas crunch in Asia
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In Bangladesh, gas shortages are already apparent.
“We don’t have gas for cooking until (the) afternoon during the winter season. There is hardly any gas. I can’t even boil water, let alone cook food,” said Sumi Akter, a mother of two in the capital, Dhaka.
Bangladesh has only imported one spot cargo this winter despite issuing several tenders over the past few months, a senior energy ministry official said.
“We have started importing from the spot market but the effort was not successful because of the abnormally high prices,” the official added.
Buyers in China, the world’s second largest LNG importer after Japan, are also feeling the pinch, with one steel trader reporting a rise of around 2% in billet prices in steelmaking hub Tangshan, due to the rise of natural gas prices. Steel mills use natural gas to fuel their furnace for production.