Russian Deputy Prime Minister Novak announced that Russia is prepared to shift liquefied natural gas from the European market to Asian markets, including China, India, Thailand, the Philippines, and others, which may result in Europe losing Russian gas supplies.
Russia has already discussed with its energy giants to sign long-term contracts with "friendly countries" in advance, without waiting for new EU sanctions.
Putin also threatened this week that he would immediately stop gas supplies to Europe, citing the Iran crisis as the reason for the sharp rise in natural gas prices.
The EU had originally planned to completely abandon Russian LNG by the end of 2026 and stop pipeline gas in the fall of 2027, but it may now be forced to accelerate the process.
At the same time, tensions in the Strait of Hormuz are escalating, and Qatar has warned that oil prices could rise to $150 per barrel. China has also suspended exports of gasoline and diesel.
Original article: toutiao.com/article/1858946178179072/
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