• $
  • £

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
Azeri Light crude rises above $75 a barrel
Business 18:00
Azeri Light crude rises above $75 a barrel
Oil prices rise about 3% on global markets
Business 17:30
Oil prices rise about 3% on global markets
Explosions reported in Iran’s Bushehr as Tehran says it struck U.S. bases
Business 16:30
Explosions reported in Iran’s Bushehr as Tehran says it struck U.S. bases
Gold futures continue to fall on COMEX
Business 15:30
Gold futures continue to fall on COMEX
Azercell advances AI capability development through AWS-led training initiative
Business 14:30
Azercell advances AI capability development through AWS-led training initiative
Saudi Aramco slashes Asia crude prices
Business 14:01
Saudi Aramco slashes Asia crude prices
Azerbaijan keeps dollar rate at 1.7 manats
Business 13:30
Azerbaijan keeps dollar rate at 1.7 manats
Bitcoin falls below $63,000 again
Business 09:30
Bitcoin falls below $63,000 again
ADY to increase capacity on Baku-Tbilisi trains
Business 18:02
ADY to increase capacity on Baku-Tbilisi trains
Anews TV

Our official Youtube channel

Subscribe