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France 24

Business

Kate MOODY

Global gas supplies shaken by dual crises

Gazprom US Federal Reserve Europe Russia Texas Ukraine

BUSINESS DAILY © FRANCE 24

Already-strained global gas supplies have been shaken once again. An LNG terminal in Texas will remain offline for longer than expected after a fire last week, while Russia's Gazprom has said it's cutting supplies to Europe by some 40 percent. Also in the show: investors look ahead to a possible 0.75% interest rate hike as the US Federal Reserve tries to rein in spiralling inflation, and farmers in Ukraine worry about this year's harvest.

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