Fears are rising over what would happen to Europe’s energy supply if Russia were to invade Ukraine and then cut off its natural gas exports.
Plenty of residents of Kyiv don’t seem to think their capital is on borrowed time, but some are girding for a potential Russian invasion anyway.
If Russia stopped sending just the gas that goes through Ukraine, it would take the equivalent of about 1.27 shiploads of additional LNG per day to replace that supply, said Luke Cottell, senior LNG analyst at S&P. Russia also could reroute some of that gas through other pipelines, reducing the need for additional LNG to about a half-shipload per day, he said.
, Williams-Derry said. But prices also were affected by tighter U.S. supplies amid uncertainty over Russia, he said. If the U.S. pushes for increased LNG exports, prices at home would probably rise, Williams-Derry added.
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