Japan and South Korea have supplied Brussels with raw materials from their own reserves.

The EU has taken broad precautions in the event that Russian gas supplies to Europe stop.

European Commission President Ursula von der Leyen

told reporters in Strasbourg

, dpa reports.

To reduce the risk of shortages of raw materials, the European Commission has in recent months held talks with key exporters of liquefied natural gas, such as the United States, Qatar and Egypt, to increase its volume.

In addition, key importers of liquefied natural gas, in particular Japan and South Korea, were consulted to supply the EU with raw materials from its own reserves.

According to the head of the European Commission, as a result of these efforts, Brussels in January, the EU imported a record 10 trillion cubic meters of liquefied gas.

Significant growth in gas prices in Europe began in the spring of 2021, when the average spot price on the TTF index ranged from $ 250 to $ 300 per 1,000 cubic meters.

In the last days of summer, the price of the day-ahead contract exceeded the $ 600 threshold, and in early October - $ 1,000.

In December, quotes doubled, reaching an all-time high of $ 2,190.

So far, Europe has not had such high prices in the history of gas hubs, the first of which - the British NBP - created in 1996.

More than 40% of Europe's gas comes from Russia, which now appears to have "no interest in increasing supplies, despite peak prices and hectic demand," Ursula von der Leyen said in early February.

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