Summary
- More than 40% of Europe’s liquified natural gas (LNG) supply comes from Russia, and almost a third of the latter’s gas passes through Ukraine.
- Concerns over an invasion increased late last year as Russia was seen dispatching its troops on its border with Ukraine.
- Europe receives more than 40% of its gas supply from Russia whilst almost a third of its shipments pass through Ukraine.
- On 14 January, Reuters reported that the US State Department was in talks with energy companies to shift around gas supplies to Europe.
- In turn, Qatar halted projects in France and Belgium whilst placing its investments and LNG supplies to Europe on hold.
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