ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Ukraine war

Europe faces 40m ton gas shortage on Russia cutoff

Global prices could rise on a scramble to purchase and a shortage of carriers

A liquefied natural gas plant operated by Russia's Sakhalin Energy. Europe would struggle to fill the gap created by the cutoff of gas from Russia.   © Reuters

FRANKFURT, Germany/TOKYO/HOUSTON, U.S. -- Europe could end up short 40 million tons of natural gas -- around 10% of its annual consumption -- should Russian shipments dry up due to Moscow's invasion of Ukraine, pressuring the region to explore alternative sources of the fuel.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more