Europe relies on Russia to supply about 40 per cent of its natural gas with Germany even more dependent, leading to supply concerns should the tap turn off.
“We will of course continue to meet our existing contracts, but where there’s a shortfall Australia will always look to support our friends. Mr Pitt said it would “certainly impact” Russia’s economy as it would Australia’s, while senior Biden administration officials also warned of the harsh effects blocking LNG supply would have.
Another administration official said the US was looking overseas to secure a “significant majority of the potential shortfall” in Europe’s energy supply. It comes as Russia continues to amass thousands of troops on Ukraine’s eastern border as tensions in Europe continue to grow.
But didn’t the Europeans want to be all green and carbon neutral, nows their opportunity to use all that green energy bugger them
As long as we don’t have to pay extra for our gas supply
MurdochRoyalCommission
And our gas prices are going up and up and up
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