Zero Hedge | Sept. 22, 2022
The unilateral sanctions that Western countries slapped Moscow with are igniting even more man-made carbon-dioxide emissions from the shipping industry as Europe rejiggers energy supply chains away from Russia by sourcing energy products from far away.
Jan Dieleman, Cargill Inc.’s head of ocean transportation business, told Bloomberg that European importers are hiring tankers for long-distance hauls of energy products from countries halfway around the world. If it weren’t for the sanctions, natural gas and other refined energy products would flow via pipelines from Russia to Europe.
But since Europe is hellbent on rapidly shifting its entire energy supply chain away from Russia. EU importers are hiring tankers to source liquefied natural gas (LNG) from Asia.