Europe has been at the heart of an energy crisis since last year, when the lifting of COVID-19 restrictions put huge demands on depleted stocks of natural gas.
The EU depends on Russia for around a 3rd of its gas supplies.
Australian Trade Minister Dan Tehan said in a statement:
- Australian LNG exporters are ideally placed to meet any demand that may arise globally, as Australia stands ready to support our friends and allies in the current challenging and complex, geostrategic environment
- Australia is one of the most reliable suppliers of LNG throughout the pandemic and would look to fill any gaps in the gas market
- This shows how important Australian resources are to energy supplies around the world
According to Adelaide-based consultancy EnergyQuest, LNG exports from Australia hit a record high of 80.9 million tonnes in 2021.