• $
  • €
  • ₽
  • ₺
  • £

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
32 AI-powered teams compete in virtual football tournament
Business 15:41
32 AI-powered teams compete in virtual football tournament
Azerbaijan central bank plans no new restrictions on Bank Melli Iran
Business 15:00
Azerbaijan central bank plans no new restrictions on Bank Melli Iran
Azerbaijan central bank backs banks’ limits on card transactions
Business 14:30
Azerbaijan central bank backs banks’ limits on card transactions
Reach your goal, earn extra interest: A new deposit from Yelo Bank
Business 14:17
Reach your goal, earn extra interest: A new deposit from Yelo Bank
Net Remittance Inflows to Azerbaijan Surge 70% to $830.5 Million
Business 13:30
Net Remittance Inflows to Azerbaijan Surge 70% to $830.5 Million
Azerbaijan’s central bank cuts 2026 inflation forecast to 5.9% from 6.1%
Business 13:00
Azerbaijan’s central bank cuts 2026 inflation forecast to 5.9% from 6.1%
Natural Gas Futures Edge Lower on NYMEX
Business 12:30
Natural Gas Futures Edge Lower on NYMEX
Central Bank of Azerbaijan Holds Refinancing Rate Steady at 6.5%
Business 11:30
Central Bank of Azerbaijan Holds Refinancing Rate Steady at 6.5%
Gold and Silver Futures Edge Down on COMEX
Business 11:00
Gold and Silver Futures Edge Down on COMEX
Anews TV

Our official Youtube channel

Subscribe