Stock for power distributors and refineries began to falter in the middle of the week, leaving some to cut back. “The fuel shortage is in front of you, it will start in two to three days. India is the world’s second-largest LPG buyer and gets more than 90% of its supply from the Middle East. Taiwan, a global chipmaking hub that depends heavily on seaborne imports, rushed to purchase alternative LNG supply for next month, while South Korea is preparing to do the same. Some Japanese utilities are halting units at power plants to conserve fuel, while Chinese companies have scrapped plans to re-export shipments overseas.
