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Bangkok Post
Bangkok Post
Business

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

LNG tankers are in high demand.  (Photo: Reuters)

Europe's energy crisis has unleashed a global battle over natural-gas tankers, leading to a shortage of ships and further boosting the fuel's record prices.

European countries ramped up their purchases of liquefied natural gas from the U.S., Qatar and other sources this year as Russia cut supplies to the continent.

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