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Talks about gas supplies from Asia to Europe

The US and Europe have spoken with several Asian countries about possible gas supplies. This was reported to Bloomberg by unnamed sources. The aim is to secure gas supplies to Europe in the event of an escalating Ukraine conflict or cut gas supplies to the EU. Europe receives about 40 percent of its natural gas from Russia. The global gas market has little spare capacity and more can hardly be produced in the short term, according to Bloomberg. The energy minister of Qatar, one of the world’s largest exporters of liquefied natural gas, stressed that no single country could supply the volumes Europe would need. According to Bloomberg, US President Joe Biden has spoken with officials in Japan, South Korea, India, and China. But he said contact with China has been rather limited. China is heavily dependent on natural gas imports and also buys a large amount of natural gas from Russia. ck

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