Europe’s Natural-Gas Crunch Sparks Global Battle for Tankers

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Europe’s power disaster has unleashed a worldwide battle over natural-gas tankers, resulting in a scarcity of ships and additional boosting the gasoline’s document costs.

European international locations ramped up their purchases of liquefied pure fuel from the U.S., Qatar and different sources this 12 months as Russia cut supplies to the continent. They’re competing with friends in South Korea and Japan—the place fuel demand has surged throughout a warmth wave—for a finite quantity of provide ferried by a restricted variety of vessels.

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