Energy Supplies: Germany, Japan Look to Mideast for More Oil, Gas - Bloomberg
Government ministers from Germany and Japan are heading to the Middle East in a bid to safeguard their energy security after Russia’s invasion of Ukraine upended global supplies.
German Economy Minister Robert Habeck and Japan’s Foreign Minister, Yoshimasa Hayashi, are set to hold separate meetings with officials in Qatar and the United Arab Emirates over the next several days.
“The Russian war of aggression against Ukraine has put the issue of energy security at the center of international discussion,” Habeck said in a statement.
The conflict has caused extreme volatility in oil and natural gas markets, triggering price spikes and pushing some of the world’s major consumers into a frantic search for alternatives to Russian supplies. Russia accounts for about a third of Europe’s gas.
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