• $
  • £

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
ABB supports youth and children’s sports initiatives
Business 16:41
ABB supports youth and children’s sports initiatives
Gold edges up, silver slips on commodity markets
Business 16:00
Gold edges up, silver slips on commodity markets
Azerbaijan’s bank lending portfolio continues to grow
Business 15:30
Azerbaijan’s bank lending portfolio continues to grow
Bir Ecosystem Announces Winners of the Spark Student Innovation Program
Business 15:00
Bir Ecosystem Announces Winners of the Spark Student Innovation Program
Azerbaijan’s bad loans rise 25% year-on-year
Business 14:29
Azerbaijan’s bad loans rise 25% year-on-year
Azerbaijan issues 200 mln manats in state-backed mortgages in five months
Business 14:00
Azerbaijan issues 200 mln manats in state-backed mortgages in five months
Azerbaijan banking sector net profit rises more than 29%
Business 13:30
Azerbaijan banking sector net profit rises more than 29%
Azeri Light falls more than 3%
Business 13:00
Azeri Light falls more than 3%
U.S. commercial crude oil stocks fall below 413 million barrels
Business 12:00
U.S. commercial crude oil stocks fall below 413 million barrels
Anews TV

Our official Youtube channel

Subscribe