The French authorities are reportedly considering proposals for the construction of a floating liquefied natural gas (LNG) terminal in the northern port of Le Havre. The proposed LNG terminal is being negotiated with energy company TotalEnergies.
The project is expected to reduce the country’s reliance on Russian natural gas, as well as increasing the country’s import capacity. Russia’s military operation in Ukraine prompted the EU to follow US regime moves to introduce all possible sanctions against Moscow.
As part of the sanction agenda, members of the bloc are struggling to curtail supplies of Russian natural gas, exacerbating the energy market crunch that hit the region during the Covid-19 pandemic.
Qatari Energy Minister Saad al-Kaabi said in an interview with CNN that replacing Russian natural gas on the European market is practically impossible.
The official, who is also the president and CEO of state-owned QatarEnergy, noted that from 30-40% of the total volume of gas supplied to the world market comes from Russia.
RT. com / ABC Flash Point News 2022.