Japan Offers LNG to Europe as Ukraine Tensions Prompt Supply Disruption Fears

Japan will provide liquefied natural gas (LNG) imports to Europe from March amid fears that tensions between Russia and the West over Ukraine could disrupt supplies.

Japan’s industry minister Koichi Hagiuda told reporters that Japan accepted requests from the United States and the European Union to provide aid during a gas shortage in Europe.

Heightened tensions between Russia and the West had prompted concerns over possible disruptions in supplies from Russia, Europe’s major gas provider, in the event of an invasion by Moscow into Ukraine.

Hagiuda said that Japan, a major LNG importer, said that the government has decided to help alleviate Europe’s gas shortage as long as their domestic supply is stable.

Japanese officials had also requested private LNG firms to cooperate in the initiative, Hagiuda said.

Some shipments that were already headed for Europe are set to arrive in February. The newly requested cargoes to be delivered in March are expected to be more than the February shipment’s volume.

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