Global prices for liquefied natural gas are rising toward record highs this year as increasing...

|By:, SA News Editor

Global prices for liquefied natural gas are rising toward record highs this year as increasing demand runs up against tightening supply, threatening to drive up fuel costs in some of the world’s biggest economies. With 80% of global LNG supplies locked up under long-term contracts, countries such as China, India, Brazil and Argentina that rely on short-term deals could face the biggest hit.