Asia Is Facing A Long-Tern Natural Gas Crunch

Asian natural gas buyers have had to pay record prices for LNG cargoes in recent weeks, as the global energy crunch sent spot prices skyrocketing amid scarce supply. But Asia’s problem with natural gas supplies may not be limited to this winter alone—and even a scenario where the world manages to pull off its climate change goals could see Asia short on nat gas. Prices have eased somewhat since the all-time highs in October, but demand for natural gas in Asia will continue to rise not only this winter but in all winters and summers…