Tag: gas shortage

Natural gas market soars to record heights

by Roland JACKSON Agence France-Presse LONDON, United Kingdom (AFP) – European and UK gas prices surged Wednesday to record peaks, energised by fears of runaway demand in the upcoming northern hemisphere winter. Europe’s reference Dutch TTF gas price hit 162.12 euros per megawatt hour and UK prices leapt to 407.82 pence per therm in morning deals. However, prices later reversed as supply concerns eased somewhat. “It’s panic and fear with winter just around the corner,” […]

DPRK faces gas shortage, price surge

PYONGYANG, DPRK (Reuters) — Gasoline supply in Democratic People’s Republic of Korea (DPRK) has been limited since the past week and the gas price has almost doubled, causing long lines to form at the few opened gas stations on Tuesday. The gas supply shortage in Pyongyang the capital started from April 19, when a gas station mainly serving foreigners closed in the morning. Only vehicles with diplomatic plates can get fuel. Most gas stations remained […]