The move by the Netherlands would apply to both spot and long-term contracts. The nation is a transit country for gas supplies, meaning that the decision could have a broader European impact.
Simply dumping a non-compliant supplier is probably the most disruptive option, and also in many ways the least good one. Better, in most cases, to deepen the relationship and offer genuine solutions.
The impact of underlying demand takes time to show up in warehousing, because of industrial real estate’s long lead times for planning and multiyear leases.
President Joe Biden’s administration has been seeking help from allies including South Korea in reducing the global supply chain’s dependence on China.