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☆ North Korea says missile tests simulate striking South with nuclear weapons
  + stars: | 2022-10-09 | by ( Cynthia Kim Josh Smith | Cynthia Kim | Josh Smith | ) www.reuters.com   time to read: +6 min
North Korea fired two ballistic missiles early on Sunday, officials in Seoul and Tokyo said, the seventh such launch since Sept. 25. Register now for FREE unlimited access to Reuters.com RegisterThe tests simulated striking military command facilities, main ports, and airports in the South, KCNA added. The naval forces of South Korea, Japan and the United States also conducted joint drills before that. South Korean and U.S. officials say there are signs North Korea could soon detonate a new nuclear device in underground tunnels at its Punggye-ri Nuclear Test site, which was officially shuttered in 2018. NEW MISSILE, UNDERWATER SILOSOn Oct. 4, the North test-fired a ballistic missile farther than ever before, flying what it said was a new intermediate-range ballistic missile (IRBM) missile over Japan for the first time since 2017.
☆ Gas crisis lands LNG cargo market in hands of energy giants
  + stars: | 2022-09-27 | by ( Marwa Rashad Chen Aizhu | Marwa Rashad | Chen Aizhu | ) www.reuters.com   time to read: +7 min
A liquefied natural gas (LNG) tanker is tugged towards a thermal power station in Futtsu, east of Tokyo, Japan November 13, 2017. The global LNG market has more than doubled in size since 2011, ushering in dozens of new entrants and the expansion of smaller players in Asia. The capital needed to trade the market soared after benchmark LNG prices rose from record lows below $2 per million British thermal units (mmBtu) in 2020 to highs of $57 in August. LNG spot prices price stood at $40.50/mmBtu then. 'DIFFICULT TO COMPETE'High LNG cargo prices are also widening energy poverty globally as some cargoes, initially destined for poorer nations, end up being diverted to European buyers.
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