Post
Topic
Board Economics
Re: Who will Replace Russian Gas Supplies to Europe?
by
teosanru
on 09/03/2022, 17:14:36 UTC
There are suspicions that Russia might fight back by shutting gas supply to the West. Some sources confirmed that the US is already in talks with Qatar to become Russia’s substitute.  
 
But Qatar and other oil and gas producing nations confirmed that they will not be able to provide substantial amounts of gas to replace Russia’s supply.
 
African countries have been tipped as the best option because the continent has some of the world’s deepest gas reserves. But Africa might not replace Russia because of insecurity and lack of infrastructures.

Who will replace Russia?

https://www.aljazeera.com/economy/2022/3/1/analysis-can-african-gas-replace-russian-supplies-to-europe
Trade is a two way deal, if Russia won't sell natural gas to Europe where will it sell all the Natural gas that it has? It'll be a great loss on its foreign exchange reserves, chances are once things return to normal the sanctions will be taken back by the West and Russia too will restart the supply of gas but just in case it doesn't. This will be a great opportunity for the African countries to develop it's infrastructure, they will even get a lot of support from the west and can easily become a the new natural gas supplier of the world pretty easily.