S'pore electricity prices set to rise as fears heighten over Europe gas crunch

Supply pipeline Nord Stream 1 was taken off service last week and there are fears Russia could extend its scheduled maintenance indefinitely. PHOTO: REUTERS
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SINGAPORE - Singaporeans may have to pay even more for electricity as fears over a gas crunch in Europe exacerbate after a major supply pipeline was taken off service last week.

Global prices of liquefied natural gas (LNG) have spiked further since July 11, when one of the largest pipelines carrying Russian gas to Germany ceased operations to undergo maintenance.

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