A $7 Billion Gas Bill Sees Developing Asian Nations Sour on LNG

A disruption in liquefied natural gas supply reduced available LNG volumes by approximately 20 percent, according to market reports, causing price increases in Asian markets. Developing nations in Asia that depend on LNG imports faced higher fuel costs as a result of the supply reduction. Several Asian energy officials and analysts indicated they are reassessing long-term LNG procurement strategies.

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