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Japan’s government is asking liquefied natural gas importers to secure new decades-long supply deals under efforts to boost

By Vladimir Soldatkin and Olesya Astakhova MOSCOW As the world's most powerful oil producers ponder further supply cuts,

Gareth Southgate’s England squad selection will be a huge discussion point as next summer’s Euros come into focus. An unbeaten 2023 is now in the history books and the PA news agency has analysed how Southgate likely sees his options right now. Goalkeepers On the plane: Jordan Pickford (Everton). In the departure lounge: Sam Johnstone (Crystal Palace) and Aaron Ramsdale (Arsenal). Hoping for a late ticket: Nick Pope (Newcastle). Pickford established himself as England’s number one ahead of the 2018 World Cup and is all but certain to go into his fourth major tournament as the main man between the sticks. Ramsdale had looked his closest contender but David Raya’s arrival at Arsenal has impacted his playing time and could well damage his international ambitions. Johnstone has supplanted Pope as third choice for the time being. Defenders On the plane: Marc Guehi (Crystal Palace), Harry Maguire (Manchester United), Luke Shaw (Manchester United), John Stones (Manchester City), Kieran Trippier (Newcastle) and Kyle Walker (Manchester City). In the departure lounge: Ben Chilwell (Chelsea), Levi Colwill (Chelsea), Lewis Dunk (Brighton), Reece James (Chelsea) and Fikayo Tomori (AC Milan). Hoping for a late ticket: Ezri Konsa (Aston Villa), Rico Lewis (Manchester City), Tino Livramento (Newcastle) and Ben White (Arsenal). Trippier, Stones, Walker and Maguire have been to every previous major tournament under Southgate and will do so again if fit and playing. James undoubtedly has the quality to be on the plane but needs to prove his fitness – not ideal given his issues staying available and the competition at right-back. Injured Chelsea team-mate Chilwell is in a similar position but may benefit from a dearth of options at left-back. That said, he looks behind Shaw and further behind than the Euro 2020 final goalscorer in terms of his rehabilitation. Colwill can fill in there as he did on his England debut against Australia, which will boost the central defender’s hopes. He missed November’s camp through injury, meaning Tomori and versatile teenager Lewis starting there instead. The latter impressed on his debut against North Macedonia. Guehi has established himself as third-choice centre-back and Dunk pushed his case before having to withdraw from November’s squad. Konsa was brought in but did not feature. Livramento was name-checked by Southgate and White has not been involved since Qatar 2022. Midfielders On the plane: Trent Alexander-Arnold (Liverpool), Jude Bellingham (Real Madrid), Jordan Henderson (Al-Ettifaq) and Declan Rice (Arsenal). In the departure lounge: Conor Gallagher (Chelsea), Cole Palmer (Chelsea) and Kalvin Phillips (Manchester City). Hoping for a late ticket: Mason Mount (Manchester United) and James Ward-Prowse (West Ham). Bellingham would be in any squad in the world, as would Rice. There are questions over Henderson and Phillips given their club situations, but Southgate has so far seen enough to stick with two players he trusts implicitly. The latter’s place is the bigger doubt given his limited playing time at Manchester City. The Football Association now lists Alexander-Arnold as a midfielder, with his versatility and qualities surely enough to see him involved in a midfield that Gallagher is now a regular part of. Palmer got the nod this time and the adaptable attacking midfielder featured in both November fixtures after a fine start at new club Chelsea. By contrast, Mount’s difficult end to last season and injury-impacted beginning to life at Old Trafford has seen him miss out on recent squads, but Southgate is a long-term admirer of the Euro 2020 final starter. Ward-Prowse has not been called up despite his impressive form at West Ham. Forwards On the plane: Phil Foden (Manchester City), Jack Grealish (Manchester City), Harry Kane (Bayern Munich), Marcus Rashford (Manchester United) and Bukayo Saka (Arsenal). In the departure lounge: Jarrod Bowen (West Ham), James Maddison (Tottenham), Ollie Watkins (Aston Villa) and Callum Wilson (Newcastle). Hoping for a late ticket: Dominic Calvert-Lewin (Everton), Eberechi Eze (Crystal Palace), Anthony Gordon (Newcastle), Eddie Nketiah (Arsenal), Raheem Sterling (Chelsea) and Ivan Toney (Brentford). England are blessed with an abundance of attacking options. Skipper Kane is a certainty, as is fleet-footed Saka. Foden, Grealish and Rashford are established performers under Southgate, while Maddison is now a regular squad member. There are decisions to make beyond them. Sterling has won 82 caps for his country but has not featured since December’s World Cup quarter-final loss to France. Bowen is another fighting for a sport after his October recall and was denied a chance to take his West Ham form onto the international scene by an issue sustained on the eve of the Macedonia game. As for Kane’s back-up, Watkins scored on his return to the set-up in October but failed to further his chances with a poor performance from the start in Skopje. Nketiah was omitted having made his debut last month, while injury hampered Wilson’s chances to prove he should go to another tournament in that role. Calvert-Lewin did at Euro 2020 and is fit again and Toney is the most interesting alternative, although his betting ban does not end until January. Read More Phil Taylor to retire at the end of World Senior Darts Tour in 2024 On this day in 2007: England fail to qualify for Euro 2008 after Croatia defeat Jalen Hurts grabs double as Philadelphia Eagles avenge Super Bowl loss Gareth Southgate hails Rico Lewis after strong England debut in North Macedonia Michael O’Neill calls Northern Ireland win over Denmark step in right direction Rob Page: Wales not entertaining Euro 2024 play-off talk before Turkey qualifier

European banks’ exposure to commercial real estate could erode financial stability if the economy is hit by a

By Louisa Gouliamaki SESKLO, Greece The fires came first. Then the floods. In the small village of Sesklo

A cold snap will spread across Europe from the weekend, testing the region’s energy systems for the first

European natural gas futures fluctuated as forecasts for colder weather signaled a potential jump in heating demand. Benchmark

Italy sold about 25% of Banca Monte dei Paschi di Siena SpA for approximately €920 million ($1 billion)

CPI Property Group SA’s bonds tumbled after the Eastern European landlord became the latest target of short seller

Swiss watch exports rose in October with shipments to the key US and Chinese markets increasing and lower-priced

As an imminent eruption looms thousands of Iceland residents await their fate as their town could be wiped out within days. Thousands of earthquakes rocked the southwestern peninsula of Reykjanes on Saturday 11 November leading semi-molten rock to ravage below the surface as the tremors caused a 15km long dyke to form, cracking the community in two as the ground was pushed upwards. Some 3,400 residents from the town of Grindavik which lies on the path of the expected fissure vent eruption were forced to evacuate, they described the ‘apocalyptic’ scenes of their much-loved home town as they briefly returned to collect their belongings. The whole population waits in limbo as they fear the fate of their close-knit community, many have already lost their homes whilst others do not know if their residencies still stand as earthquakes have continued to strike. The displaced population have moved across the country as fellow Icelanders have offered their spare rooms and summer homes. Since, volcanologists have noted a change in the stage of the eruption, making it more likely to come over the next few days. Tamsin Mather, a professor of Earth Sciences from the University of Oxford told The Independent the most troubling challenge to overcome is the uncertainty of when the eruption will come. She said: “It’s being very well managed in my opinion but it could accelerate very quickly as the heightened state of activity continues.” When is it expected to erupt? The Iceland Civil Defence noted “very clear signs of magma along the dyke” less than 1km below the surface, report RUV. Víðir Reynisson, director of Civil Defence told the state broadcaster: “The likely time of something happening along the dyke, especially in the centre, if it happens, is within days not weeks. “If this continues without an eruption the chance of one decreases with time pretty rapidly. But then we see the changes at Svartsengi which introduce possibly the next stage of this.” The area near the Svartsengi power plant, about four km north of Grindavík, has entered a “new eruption phase”, an Icelandic volcanologist has suggested. The land near the power plant is swelling as a chamber some 4.5 kilometres below the surface fills with magma at a rate of around 50 cubic metres per second, according to Professor Thorvaldur Thordarson. “The land is rising much faster now. This happens simultaneously because the magma is creating space and thus raising the surface of the earth,” Professor Thordarson told Iceland Monitor. It is still unclear when the eruption will take place as Grindavik evacuees remain on tenterhooks. Professor Mather added the eruption could happen suddenly but the Icelandic Met Office are knowledegable, well-resourced and working through the night to alleviate any danger. How dangerous would an eruption be? In the worst-case scenario, an eruption could obliterate the entire town, wiping out schools, workplaces and cherished family homes. However, two walls are being built around the Svartsengi geothermal plant to divert the potential lava flow away from the plant which provides hot water used for heating for 30,000 people, says RUV. Professor Mathers said: “The lava could have an impact on the power station, the town and infrastructure. I really hope there are no fatalities or injuries as they have done everything to avoid that.” Problems could arise if the lava flows towards the power station and the town’s infrastructure, she added. The civil defence said in a conference earlier today that the risk of an eruption remains high but they cannot quantify the exact risks, say RUV. Iceland is highly susceptible to natural disasters because it lies on the Mid-Atlantic Ridge – a divergent plate boundary where the North American Plate and the Eurasian Plate are moving away from each other. The country has an eruption every four to five years. The most disruptive in recent times was the 2010 eruption of the Eyjafjallajokull volcano, which spewed huge clouds of ash into the atmosphere and grounded flights across Europe for days because of fears ash could damage aeroplane engines. Professor Mathers, an expert in Iceland volcanology explained there are multiple factors that could affect the impact of an eruption. She said: “Speculation isn’t terribly helpful but once the eruption starts, they will be able to think about the contours and the direction of the lava flow.” It is hard to predict the flow path until the eruption starts, she added. The best case scenario would be for the eruption to take place in the base of a valley, so the lava flows and does not travel far, said Professor Mather. The worst case would be for the eruption to occur on high ground so the lava can flow down over a vast area. Multiple factors could impact how destructive the explosion is, including the wind direction which influences where pyroclastic material and ash will blow. Sulfur dioxide and hydrogen sulphide will also come up in an eruption which can affect air quality across a widespread area, added Professor Mather. Scientists say an eruption would likely produce lava but not an ash cloud. What would happen to residents? Civil protection authorities told Associated Press that even if there is not an eruption soon, it’s likely to be months before it is safe for residents evacuated from the danger zone to go home. In a worst-case scenario, if the eruption does happen close to the town of Grindavík it could devastate the entire town, as earthquakes have already destroyed homes. The Icelandic Civil Defence told their state broadcaster the possibility of residents returning home to clear their homes, many have already been able to collect necessities and pets. Jóhanna Lilja Birgisdóttir, a senior psychologist at Grindavík’s social services department revealed the town’s plan for displaced schoolchildren to RUV. She said in a conference this morning there are two possible solutions: for the children to attend school where their family is staying or for school children to group together and attend schools in different parts of Reykjavík from next Wednesday. Currently, Grindavik residents can apply for short-term accommodation through a government portal, where they can stay until mid-January. What would an emergency response be? An emergency response is already underway as magma intrusion measurements predict an eruption could arrive in days. Once an episode starts, the area will be monitored for decades to come and emergency teams and experts will respond to risks as and when they come as once an eruption begins, they are better placed to track the likely disruption, explained Professor Mathers. As it stands, Grindavik residents will not be able to return home as the magma intrusion is carefully monitored along the 15km dyke Read More Iceland volcano update: Eruption could happen with just 30 minutes warning Iceland residents describe ‘apocalyptic’ scenes as they flee volcano threat Iceland volcano could erupt like a ‘can of fizzy drink’ Iceland officials reveal where volcano will likely erupt Biggest volcanic eruptions in the last 10 years as Iceland town faces devastation Is it safe to travel to Iceland? Your rights if you have a holiday booked

British Airways owner IAG SA dangled the prospect of resuming dividend payments for the first time after the