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Energy and Power

The impact of the Ukraine war is spilling over into the world. Discussion on fuel supply shortage and its price volatility in the global market supersedes all talks now. After 14 years, the price of crude oil reached US$140.00/barrel and then for various hectic parleys settled around US$110. LNG spot price in Asian market reached US$ 57.00/MMBTU in early March 2022. The LNG price is now shooting up in Europe. The latest recorded price was US$ 85.00/MMBTU. European countries are anxious about Russian gas supply. Russia is still complying with nominated gas supply. Europe has not imposed a ban o…

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