The International Energy agency has revealed that lng now makes up 35 of europes energy supplies, not far off the 40 contribution that russia made before it was sanctioned over ukraine. Joining me now is ben mcwilliams, whos an Affiliate Fellow at bruegel. Thank you very much for being with us today. What are your concerns about where gas prices could go if these workers do indeed strike . This is certainly a concern, but to be clear up front, nothing comparable to last year. The position we are in is that, as you mentioned, as russian Pipeline Supplies have been cut over the last 12 months, the eu and uk have become more dependent on liquefied national gas. Natural gas. Australia typically supplies asia. If it were cut to asian consumers, we would see asian consumers turning around and looking to qatar and competing with european buyers there, which would in turn have some Knock On Effect on prices. As it had last week, 40 increase from around 30 to 36 euros just nothing like close to
Provide hints of whether the Bank Of Japan provide hints of whether the bank ofjapan will continue to remain an outlier and keep Interest Rates ultra low. Earlier, spoke to fidelity international s Catherine Yeung, who told me china is facing a confidence problem. Just this lack of confidence both within the Consumption Sector as well as the corporate sector. So if fact last friday we had julys M2 Money Supply and aggregate Financial Data released and it was marginally weaker than expected. So tomorrow, in fact, we have this element of operations all the expectations are for no cuts in the benchmark, generally speaking, we could see a slight increase in probability of a ten basis point rate cut. So again policy isnt going to outright change, it is going to be this continuing tweaking to be this continuing tweaking to be accommodated. Be this continuing tweaking to be accommodated. Tomorrow we will aet be accommodated. Tomorrow we will get some be accommodated. Tomorrow we will get some
competing if europe is also impacted b this? ~ ,, , s, competing if europe is also impacted b this? ~ ,, , by this? well, the us is a very larae by this? well, the us is a very large exoorter by this? well, the us is a very large exporter of by this? well, the us is a very large exporter of liquefied - by this? well, the us is a very - large exporter of liquefied natural gas, and it supplies have been growing. in fact, gas, and it supplies have been growing. infact, earlierthis gas, and it supplies have been growing. in fact, earlier this year, at one of its largest lng facilities, that was offline, but it is back online now and is producing in large quantities, so there is gas supplies from the us, that is likely to make its way over to asia alongside the eu. and the eu has been building out its own storage capacities as well, so it s ability to incrementally increase storage has improved as well. now, from mumbai to bangkok and jakarta, motorbikes are the most popularform of pers
the manchester women s and men s that will not have the same level of investment directly into the women s game that a sponsorship with just the women s team may have. that is one. two, i think that as investment is coming in and it is consistent notjust in a world cup year and notjust in euros year but any of years as well domestically the quality of play will just well domestically the quality of play willjust continue to increase with investment. we can see that in this world cup where many smaller teams are having huge success in the world cup. it is the first time that a team from all six confederations has won a game and it is really exciting so looking forward that consistent level of investment and investing directly into a women s game is important. thank you very much forjoining us with your thoughts today. now from mumbai to bangkok and jakarta, motorbikes are the most popularform of personal transport across asia. they re cheap and convenient but also extremely polluting.