Qatar’s Energy Minister Saad Al-Kaabi said on Tuesday that it would be “almost impossible” for Europe to replace its gas imports in the event Russia decides to clamp down on supplies amid a worsening Ukraine crisis.
Moscow’s gas flows account for a sizable portion of Europe’s supplies – in 2021, 38 percent of the European Union’s natural gas was imported from Russia, according to economic think tank Bruegel.
“There is no single country that can replace that kind of volume, there isn’t the capacity to do that from LNG,” Kaabi said, referring to liquefied natural gas – natural gas transformed into a different state of matter in order for the resource to be transported or stored.
Additionally, Kaabi said that “Most of the LNG is tied to long-term contracts and destinations that are very clear. So, to replace that sum of volume that quickly is almost impossible.”
View original post 137 more words