Sky-high European energy demand, exacerbated by low Russian pipeline gas supply, has prompted US LNG exporters to send cargoes – initially sold to Asia – to northeast Europe instead. US President Joe Biden even approached Qatar, the world’s largest LNG producer, over diverting cargoes to Europe if escalating tensions between Russia and the Ukraine curtail or halt contractual gas transits while European buyers rush to secure spot LNG; our Markets Editor Anja Karl has more.
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