Europe’s thirst for gas could shock energy prices in Asia ...Middle East

Quartz - Economy
Europe’s thirst for gas could shock energy prices in Asia
source : Quartz ( Middle East ) () 20
In an effort to wean Europe off Russian energy, the US is preparing to sell more of its own liquiefied natural gas (LNG) to European countries. Europe will buy 37 billion cubic meters of LNG this year, compared to 22 billion last year.Prices of gas in Europe are already high, soaring to 18 times last year’s levels in early March. The countries that will really feel a fresh squeeze in prices lie in Asia, because they were less dependent on Russian energy supplies and because they will now vie with Europe for a limited pool of US LNG. This is especially so because, as Quartz found, the US is already exporting all the LNG it can pump. South Korea, Japan, and India are among the top 10 purchaser

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