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hello and welcome. the uk is today taking delivery of liquefied natural gas, or lng, shipped all the way from australia. it s part of europe s preparations for the winter at a time when gas supplies from russia are under threat because of the war in ukraine. the uk is home to three of the largest lng terminals in europe, and this delivery could be consumed across europe. australia doesn t usually sell gas this far afield, and it s signalled that it might have to limit its exports because of its own supply problems. joining me now is james huckstepp, head of emea gas analytics, s&p global commodity insights. thanks very much for being with us today, james. how much of a problem solver is this shipment? problem solver is this shiment? , , , shipment? the shipment is really part shipment? the shipment is really part of shipment? the shipment is really part of what - shipment? the shipment is really part of what we - shipment? the shipment is really part of what we have ....
Us today, james. how much of a problem solver is this shipment? problem solver is this shiment? , , , shipment? the shipment is really part shipment? the shipment is really part of shipment? the shipment is really part of what - shipment? the shipment is really part of what we - shipment? the shipment is really part of what we have | really part of what we have been seeing since the start of the war in ukraine, and really does show how desperate the situation is. gas being shipped from australia to europe exemplifies how dramatically these global trade patterns have shifted due to the conflict and it would be almost unthinkable at the start of the years, over the past decade, we have almost exclusively seen gas liquefied in asia represented byjk emmett trading at a premium to europe and the vast majority of corris trade was headed towards asia from exporters. but we can expect to move away from russia historically, our largest supplier by fair margin, without pulling in all the ava ....