Perfect winter storm jolts north Asian energy prices | Hellenic Shipping News Worldwide
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Perfect winter storm jolts north Asian energy prices
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TOKYO (Reuters) -As an early winter chill grips China, South Korea and Japan, prices for coal, liquefied natural gas (LNG) and power are rising due to supply crunches and a surge in demand with more cold weather expected.
FILE PHOTO: Electric power transmission lines leading to Tokyo Electric Power Co. s (TEPCO) Kohoku Substation are seen in Yokohama, south of Tokyo, September 15, 2014.REUTERS/Yuya Shino
Chinese benchmark coal is at the highest in eight years and LNG prices hit six-year highs, pushing up electricity prices in Japan where limited nuclear capacity makes the nation vulnerable to fuel price volatility.