• $
  • £

Media: US to send 15 bcm of gas to Europe

Media: US to send 15 bcm of gas to Europe
25.03.2022 16:00
The US is finalizing a plan to supply the EU with up to 15bn additional cubic meters of liquefied natural gas by the end of 2022, according to three people familiar with the matter, reported from the Financial Times.

The agreement aims to help the EU reduce its dependence on natural gas from Russia, with the bloc racing to curb Russian imports by two-thirds this year.

LNG deliveries from the US would go towards a goal, set by the EU this month, of replacing 50bn cm of gas currently supplied by Russia with alternative supplies. In 2021, the US supplied Europe with 22bn cm, according to EU data.

Joe Biden, US president, and Ursula von der Leyen, European Commission president, hope to announce the agreement on March 25 morning. 

A European Commission official said the plan with the US would focus on ensuring security of supply for the EU in the short term, as well as boosting production in the US in the medium term and landing on measures to limit consumption. This would involve "concrete” figures for shipments of LNG to the EU, the official added.





www.anews.az
Similar news
Similar news

Azerbaijan to shut down “e-Social” app as services fully integrated into MyGov platform
Business 17:30
Azerbaijan to shut down “e-Social” app as services fully integrated into MyGov platform
Kapital Bank awarded in 7 nominations
Business 17:00
Kapital Bank awarded in 7 nominations
ABB Bank received the highest number of banking awards!
Business 16:00
ABB Bank received the highest number of banking awards!
Number of preferential pension recipients announced in Azerbaijan
Business 14:30
Number of preferential pension recipients announced in Azerbaijan
Baku Stock Exchange turnover declines
Business 14:00
Baku Stock Exchange turnover declines

Gold and silver prices decline
Business 13:30
Gold and silver prices decline
Natural gas futures prices fall on NYMEX
Business 12:00
Natural gas futures prices fall on NYMEX
WTI crude oil price surpasses $111 per barrel
Business 11:30
WTI crude oil price surpasses $111 per barrel

Central Bank of Azerbaijan's currency reserves slightly increase
Business 17:30
Central Bank of Azerbaijan's currency reserves slightly increase
Anews TV

Our official Youtube channel

Subscribe