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 Europeโ€™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.

โ€œWeโ€™re coming together to reduce Europeโ€™s dependence on Russian energy,โ€ said Biden, who accused Russian President Vladimir Putin of using his countryโ€™s fossil fuel resources to โ€œcoerce and manipulateโ€ Russiaโ€™s neighbors and of using the profits from their sale to โ€œdrive his war machine.โ€

The context for the move is Russiaโ€™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.โ€™s gas and coal imports and around a quarter of its oil.

Russiaโ€™s actions in Ukraine, which Moscow calls a โ€œspecial military operationโ€ to disarm Ukraineโ€™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 Europeโ€™s dependence on Russian fossil fuels while reducing the E.U.โ€™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,ย the United States has pledged an additional 15 billionย cubic meters of LNG in 2022, with expected increases to those volumes in the future.

Byย 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.

ChatGPT Goes Biblical about End Times!

There are some truly outstanding internet content creators, or...

Bangkok Indians: โ€˜You Are Lucky Manโ€™

In Bangkok, friendly prostitutes outside โ€œmassageโ€ shops tell me Iโ€™m โ€œso handsome man.โ€ Indian men prowling those streets tell me Iโ€™m โ€œlucky man.โ€

Epsteinโ€™s Niece Exposes the Illuminati!

There is a shocking interview by the podcaster Shaun Attwood, an English former ecstasy trafficker turned YouTube podcaster, speaker, activist, and author.

When Gynocrats Attack: Innocent Locker Room Talk Interrupted By Rabid Karen

The question posed: โ€œWho do you think has a...

Obamaโ€™s Treason is a Betrayal of American Democracy and Demands Real Accountability

Few scandals have cast a longer shadow than the 2016 Russia investigationโ€”the manufactured crisis by President Obama designed to cripple Trump's presidency.

Trumps America: Welpโ€ฆ that backfired.

The official @TheDemocrats account posted chart with the caption โ€œTrumpโ€™s Americaโ€ โ€” but didnโ€™t seem to notice how their own graph actually works.

Education Department to Release Billions in Withheld Grant Money for Schools

Dept. of Education said OMB completed a review of 2025 public education allocations โ€œand will begin dispersing funds to the states next week.โ€

Judge Maintains Nationwide Block on Trumpโ€™s Birthright Citizenship Order

A federal judge in Massachusetts has maintained his nationwide block on President Donald Trumpโ€™s policy restricting birthright citizenship.

COVID-19 Pandemic Accelerated Brain Aging Even in People Who Didnโ€™t Get Virus: Study

Brain aging appears to have accelerated by months during COVID-19 pandemic, even in people who did not get sick from the virus, according to study.

Ex-DOJ Officials File Lawsuit Against Bondi Over Terminations

Former DOJ officials filed lawsuit against AG Bondi and the fed. govt, saying they were terminated for work on cases related to Jan. 6 Capitol breach.

Odds of U.S.-EU Trade Deal Are 50โ€“50 Ahead of Tariff Deadline: Trump

President Donald Trump said thereโ€™s a 50โ€“50 chance that the United States will finalize a trade deal with the European Union before an Aug. 1 deadline.

Trump Pulls Habbaโ€™s Nomination for New Jerseyโ€™s Top Prosecutor, Making Her Acting US Attorney

President Trump withdrew his nomination of Alina Habba to serve as NJโ€™s top federal prosecutor, making her Acting US Attorney.

Trump Says He Wants Muskโ€™s Companies to โ€˜Thrive Like Never Beforeโ€™

On Thursday, President Trump said, โ€œI want Elon, and all businesses within our Country, to THRIVE, in fact, THRIVE like never before!โ€
spot_img

Related Articles