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High prices create multiple crises

World 1 source 1 country 🔦 Under-reported 15m ago

Thailand is experiencing significant economic strain due to the rapid escalation of global energy costs. The price of spot liquefied natural gas (LNG) has climbed to nearly US$30 per million British thermal units (mmBtu), creating a volatile environment for the national economy.

This surge in energy pricing has triggered concerns regarding the financial stability of both households and businesses. The rising costs are placing substantial pressure on the country, threatening the affordability of essential living expenses and operational costs for the commercial sector.

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Read the full story at the source Bangkok Post · TH ↗
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