‘Every man for himself’: Europe warned of rising competition for energy from Asia

Federaţia Rusă

BRUSSELS — Europe is facing growing competition from Asia for limited natural gas supplies, as national reserves run low and demand soars during the summer. And it’s a contest the EU will struggle to win, analysts and officials warn. Centralized Asian economies like China, Vietnam and South Korea are better equipped to negotiate deals to purchase gas on the spot market, leaving free-market oriented Europe at a disadvantage. The EU gave itself power to coordinate  group energy purchases after

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