The US and the EU have announced a major liquefied natural gas deal[/B], in an attempt to reduce Europe's dependence on Russian energy.
The deal calls for the EU to supply 15 billion cubic meters of LNG by the end of 2022.
The deal aims to help the EU reduce its energy dependence on Russia.
EU figures show that in 2021, the US supplied Europe with 22 billion cubic meters of LNG.
"This is additional LNG from the United States for the European Union, replacing the Russian LNG we have had so far," von der Leyen said on Thursday."
Joe Biden travelled to Brussels yesterday for meetings with NATO, G7 and European Union leaders, with the sale of US LNG a priority on his agenda.
The deal was announced today Friday during the US president's three-day visit to Brussels.
[BR][BR]To replace 50 billion cubic meters of Russian gas
Yesterday Thursday, the Financial Times reported that the US is preparing a plan to supply the European Union with up to 15 billion additional cubic meters of liquefied natural gas (LNG) by the end of 2022. The deal aims to help the EU reduce its dependence on Russian gas, with the bloc struggling to cut Russian imports by two-thirds this year.
LNG deliveries from the US will go towards meeting a target set by the EU this month to replace 50 billion cubic metres of gas currently supplied by Russia with alternative supplies.
All this, following the announcement by Russian President Vladimir Putin that he has ordered the Russian Central Bank to develop within a week a mechanism for making gas payments in rubles. The move provoked a strong reaction, with European leaders calling it a violation of the agreements.
Source: in.gr
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