ExxonMobil Executive Says Replacing Russian Gas Supply In Europe 'Going To Be A Challenge'

Umer Jamshaid Published March 09, 2023 | 10:10 AM

ExxonMobil Executive Says Replacing Russian Gas Supply in Europe 'Going to Be A Challenge'

HOUSTON (UrduPoint News / Sputnik - 09th March, 2023) Replacing Russian gas supply in Europe will be a challenging task, ExxonMobil's senior vice president of global LNG business Peter Clarke told Sputnik on the margins of CERAWeek.

"That's going to be a challenge. That's a lot of volume that was coming from Russia. It's going to be a challenge," Clarke said.

After Russia began its special military operation in Ukraine, the West actively searched for ways to limit Moscow's energy-related income, notably from oil and gas. Moreover, the Ukraine conflict also stopped the flow of Russian gas to Europe, which led to a spike in gas prices for the energy and shortages that the United States is trying to help alleviate through LNG exports.

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