Financial TimesFinancial Times

Ships carrying natural gas head for Europe as prices surge to new high

By Tom Wilson, Neil Hume, Valentina Pop

21 Dec 2021 · 2 min read

Ships carrying liquefied natural gas destined for Asia are changing tack mid-voyage to supply European consumers willing to pay a large premium, as prices across the region surge to new peaks.

For much of the year buyers in China, Japan and South Korea have outbid Europeans for shipments of the super chilled fuel, used in power stations to generate electricity.

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