Gasoline prices have jumped across all the countries during the last four months

Emerging market economies are grappling with high spot LNG prices as well as domestic gasoline prices, which are staying above the USD 100/b mark, which means that even term imports are the most expensive they have been in years. Meanwhile, a dramatic changes in LNG flows were observed in recent months as gas shipments to China, Japan and Korea were down 11%, 14 % and 7 %, respectively, in the first quarter compared with the same time last year, said Valery Chow, an analyst who tracks the industry at Wood Mackenzie.