Asian LNG prices hit new records as Japan, South Korea start stocking for winter

The surge in LNG prices had been triggered by a strain on global supplies. PHOTO: REUTERS
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SINGAPORE - Liquefied natural gas (LNG) prices in Asia have hit fresh records as Japan and South Korea, two of the region's largest buyers, start their procurement programme for the coming winter, industry sources said.

As Singapore imports most of its gas requirements, residents here can expect electricity prices to remain high.

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