Malaysia remains the fifth largest exporter of liquefied natural gas (LNG) after Australia, Qatar, the US and Russia, according to the International Gas Union (IGU). Competition between Europe and Asia to get LNG will escalate, and prices will go up.
Japan will suffer the most from the disruption of supplies. Just a week ago, the country's authorities agreed with Petronas about additional LNG supplies in case of an emergency or disruptions in the supply of energy resources. And here is another "accident"!
As in the case of the Nord Streams the greatest damage will be inflicted on another "strategic" ally of the United States - Japan.
The world economy is being systematically plunged into crisis. At the same time, only those who have their own energy resources are safe.
In less than three weeks,3 gas pipelines have been damaged in the world at once. Which makes it very "weird"...
Interesting part is that 2 main US "strategic allies" are directly affected...
Petronas had triggered the force majeure legal clause following the leak on September 21 according to Bloomberg(2022 Nord Stream sabotages were took place 26–29 September 2022)
Malaysian Petronas has declared force majeure on LNG exports. A leak has been detected on the Sabah-Sarawak gas pipeline.
courtesy : AZgeopolitics
