An LNG tanker is tugged towards a thermal power station in Futtsu, east of Tokyo. Photo: Reuters
An LNG tanker is tugged towards a thermal power station in Futtsu, east of Tokyo. Photo: Reuters
Energy

From India to Philippines, gas shortages to remain for years as rich nations stockpile LNG

  • Amid the Ukraine war, Japan and South Korea have showed a growing willingness to pay top dollar to secure LNG from the US and the Middle East for the winter seasons up to 2024
  • Analysts say developing Asian nations will have to increase their dependency on cheaper, dirtier, locally-sourced and imported energy products like coal and fuel oil

An LNG tanker is tugged towards a thermal power station in Futtsu, east of Tokyo. Photo: Reuters
An LNG tanker is tugged towards a thermal power station in Futtsu, east of Tokyo. Photo: Reuters
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