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Transcripts for BBCNEWS World Business Report 20240604 13:37:00

fact that they will be sorting out other spot supplies. yeah, so asia is the largest other spot supplies. yeah, so asia is the largest importer other spot supplies. yeah, so asia is the largest importer of - is the largest importer of australian liquefied natural gas, so the strikes in australia impact asia a bit more, but in today s environment, as the european union has been trying to wean itself off russian dependency, there is more need for natural gas. europe is in a lot more competition for every module unit of natural gas across the world, and that is why the prices have become a lot more volatile, we have more of an interconnected global gas market compared to two years ago. where would those compared to two years ago. where would those spot compared to two years ago. where would those spot supplies - compared to two years ago. where would those spot supplies come i compared to two years ago. where - would those spot supplies come from? say the strikes did take place, t

Transcripts for BBCNEWS World Business Report 20240604 10:33:00

bit more, but in today s environment, whereas the european union has been trying to wean itself off russian dependency, there is a fight for the molecules of natural gas so, you know, europe is in a lot more competition for every unit of natural gas across the world and that s why the prices have become a lot more volatile. we ve got a lot more of an interconnected global gas market compared to two years ago. where would those spot supplies come from? say these are strikes to take place, the likes of asia, japan, south korea, malaysia, where would they be looking and competing if europe is also impacted by this? well, the usa is a very large exporter of liquefied natural gas and its supplies have been growing. in fact, earlier on this year, in one of the largest lng facilities,

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