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

Singapore is particularly vulnerable to the supply crunch that has sent natural gas prices in Asia to records highs. - ST

SINGAPORE (The Straits Times/Asia News Network): 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.