It’s been a roller-coaster ride for natural gas this year, with most of the time spent climbing to newer heights. The worst is far from over with frigid winter weather on the horizon for many parts of the world, while fears remain that the market may stay out of balance through much of next year.
Gas traders fear prices could plunge after a volatile winter businessmirror.com.ph - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businessmirror.com.ph Daily Mail and Mail on Sunday newspapers.
(Bloomberg) It’s been a roller-coaster ride for natural gas this year, with most of the time spent climbing to newer heights.
Spot contracts in Asia and Europe surged to a record, triggering factory closures and bankrupting energy retailers from Singapore to the U.K.
SINGAPORE: Asian liquefied natural gas (LNG) prices surged to a record high this week on sustained demand from China amid a power crunch and high gas prices in Europe as the winter season begins.