US and EU Strike Gas Deal to Reduce Reliance on Russian Energy

Contact Your Elected Officials
The Epoch Times Header

The United States and the European Union have struck a deal to reduce Europe’s dependence on Russian fossil fuels, including a commitment for the United States to provide an additional 15 billion cubic meters of liquefied natural gas (LNG) to E.U. markets this year alone.

President Joe Biden and European Commission President Ursula von der Leyen announced the new initiative at a joint press conference in Brussels, Belgium, on Friday.

“We’re coming together to reduce Europe’s dependence on Russian energy,” said Biden, who accused Russian President Vladimir Putin of using his country’s fossil fuel resources to “coerce and manipulate” Russia’s neighbors and of using the profits from their sale to “drive his war machine.”

The context for the move is Russia’s invasion of Ukraine, which has sparked an unprecedented series of sanctions against Moscow and is driving the strategic shift away from E.U. reliance on Russian energy. Russia provides over 40 percent of the E.U.’s gas and coal imports and around a quarter of its oil.

Russia’s actions in Ukraine, which Moscow calls a “special military operation” to disarm Ukraine’s military and oust from power people it regards as dangerous nationalists, has already prompted the E.U. to pledge to cut Russian gas use by two-thirds this year and phase out Russian energy entirely by 2027.

At the press conference, Biden and von der Leyen announced the formation of a joint Task Force on Energy Security, which will work on ways to reduce Europe’s dependence on Russian fossil fuels while reducing the E.U.’s overall gas demand going forward by accelerating market deployment of clean energy technologies.

The task force will set out the parameters of this cooperation and will work on implementation, including ramping up supplies of LNG volumes to the E.U. as a matter of urgency to ensure enough gas for next winter and the following one.

Under the deal, the United States has pledged an additional 15 billion cubic meters of LNG in 2022, with expected increases to those volumes in the future.

By Tom Ozimek

Read Full Article on TheEpochTimes.com

The Epoch Times
The Epoch Timeshttps://www.theepochtimes.com/
Tired of biased news? The Epoch Times is truthful, factual news that other media outlets don't report. No spin. No agenda. Just honest journalism like it used to be.

If Federal Food Assistance Programs End, Theft Begins

Many patriotic Americans well versed in American History have...

Tucker EN FUEGO: Taking Stock of MAGA, Ten Years on

Draining of the Swamp has yet to come anything close to fruition, as the creatures that populate said Swamp yet cling bitterly to power.

Tylenol’s Headache

When President Trump, RFK Jr., and Dr. Mehmet Oz called for pregnant women to avoid using acetaminophen, Tylenol got the headache.

American Restaurants Are Going Broke

U.S. restaurant bankruptcies surged to 22% in 2020 amid COVID-19 and stayed elevated at 14% last year due to Biden’s “Build Back Better” policy.

A Few Fun Alternatives to the”Gory Stuff” at Halloween

Halloween has gone off the rails with gore through the decades.  But there are ways to enjoy the "scary stuff" without giving into darker, pagan alliances.  

Federal Judge Strikes Down Biden-Era HHS Transgender Care Rule

A federal judge struck down a Biden-era rule extending federal health care anti-discrimination protections to individuals seeking transgender-related treatment.

US Sending Carrier Strike Group to Latin America, Pentagon Says

The Pentagon on Friday announced the deployment of an aircraft carrier to Latin America to target drug trafficking organizations.

Garland, Wray Among Officials Who Signed Off on ‘Arctic Frost’ Probe Targeting Conservatives

Former AG Garland and ex-FBI Director Wray approved the “Arctic Frost” probe targeting top conservatives, Senate records reveal.

FBI Confirms 10 Missing Children, Teens Rescued in Hawaii Joint Operation

State and federal authorities announced on Thursday that an operation in Hawaii resulted in the rescue of 10 missing children and teens earlier this month.

‘Frustration’ With Canada Led to Trump Scrapping Talks, Not Just Ontario’s Ad: US Official

President Trump cited Ontario’s TV ad as the reason for halting Canada trade talks, but officials say it stems from rising U.S. frustration with Ottawa.

Ontario to Pause Anti-Tariff Ad After Trump Terminates Trade Talks With Canada

Ontario pauses its TV ad campaign after Premier Doug Ford’s talk with PM Mark Carney, following backlash that halted U.S.-Canada trade talks.

Trump Terminates Trade Negotiations With Canada Over Anti-Tariffs Ad Featuring Reagan

President Trump is terminating all trade negotiations with Canada over a TV ad campaign sponsored by the provincial govt. of Ontario opposing U.S. tariffs.

Trump Pardons Convicted Binance Founder Changpeng Zhao, White House Confirms

Trump pardoned Binance founder Changpeng Zhao, convicted of money laundering two years ago while leading the global cryptocurrency exchange.
spot_img

Related Articles

Popular Categories

MAGA Business Central