Nippon Gases, which sold almost $1.5 billion of industrial gases on the continent last year, said "other countries in Europe will also suffer shortages" of CO2, estimating that its supplies had fallen 50 per cent across the region, the FT said.

Japanese-owned Nippon Gases, which supplies Scandinavian and western European nations including Sweden, France and Germany, said nuclear power stations, meat production and medical purposes were top of the list, the FT said.

(Reporting by Guy Faulconbridge; Editing by Kate Holton)