LNG supplies for EU could be diverted to Japan

LNG supplies for EU could be under threat

The devastation in Japan could have strong ramifications for the EU, as 5-12bcm of LNG will now be vulnerable to diversion to Japan for the foreseeable future, according to a report by Deutsche Bank released on Tuesday.

"Nuclear energy out losses in Japan should be replaced by 47% from gas, 39% from coal and 14% from oil," says Thierry Bros, senior European gas and LNG analyst at Société Générale in Paris. "It will need an extra 5bcm of LNG imports for this year alone, and this is going to make