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.
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
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