“The global LNG industry has undergone significant changes due to increased demand in Europe, which has led to market destabilization and rising gas prices,” the statement said.

Gazprom added that this year there was a significant European premium relative to Asian prices.

“Under these conditions, some suppliers violated their obligations under long-term contracts and redirected LNG tankers to Europe, which provoked crisis situations in a number of countries in the Asia-Pacific Region (APR),” the company noted.

Earlier, Bloomberg wrote that trade disputes between Germany and India over the supply of liquefied natural gas have turned into a diplomatic dispute between the two countries.