Europe's energy crunch sparks panic in Asia and scramble to buy fuel

The energy crunch in Europe is sparking panic among Asian fuel buyers, causing importers from Japan to India to pay a hefty price for supplies.
 

Worried the eye-watering price of natural gas in Europe will spill over, LNG traders in Asia say they’re paying record prices for this time of year. Buyers in China and Pakistan have also pushed up the price of gas, coal, propane and fuel oil in order to compete with the U.K. and Spain.

The scramble for fuel isn’t likely to subside any time soon, with the weather getting colder and energy shortages worldwide. The global