Asian markets trade higher as investors await a slew of economic data out of China.
Gas will be at the front and center of discussions at the Group of Seven summit meeting later this week, S&P Global's Vice Chairman Daniel Yergin told CNBC's "Squawk Box Asia."
Russian President Vladimir Putin's attempt to "use gas as a weapon" to break up the Western coalition "failed," Yergin said. "What's happened now, fundamentally, is that Putin let his decisions have cut himself off from the most important trading partner that Russia has, Europe, and the fact that gas which is one of its foundations, that valve has been politically shut now currently, is a big development," he said.CNBC Pro: Fund manager picks A.I.
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