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Al Jazeera
Al Jazeera
Business
Liam Gibson

Australia looks to fill Asia’s energy gap amid Ukraine crisis

Australia has ramped up shipments of LNG to South Korea and Japan amid supply disruptions caused by the Ukraine war and sanctions against Russia [File: Bloomberg]

Taipei, Taiwan – As the Ukraine war upends global commodity markets and triggers a scramble for resources, the crisis is redrawing the Asia-Pacific region’s energy map. While the picture is far from clear, the region’s emerging contours are already having an outsized effect on the resource juggernaut of Australia.

With similar trade profiles, Russia and Australia compete in many key markets, from gas and coal to wheat and barley, ideally positioning Canberra to fill the gap left by a sanctioned Kremlin.

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