Vidostream | News, sport and opinion from the Vidostream's US edition

https://vidostream.com

EU signs US gas deal to curb reliance on Russia

The US and the EU have announced a major deal on liquified natural gas, in an attempt to reduce Europe's reliance on Russian energy.
GETTY IMAGES

GETTY IMAGES

The agreement will see the US provide the EU with extra gas, equivalent to around 10% of the gas it currently gets from Russia, by the end of the year.

The bloc has already said it will cut Russian gas use in response to Russia's invasion of Ukraine.

Russia currently supplies about 40% of the EU's gas needs.

The new deal will involve the US and other countries supplying an extra 15 billion cubic metres of gas on top of last year's 22 billion cubic metres.

The new total will represent around 24% of the gas currently imported from Russia.

The eventual aim is for the US and international partners to provide about 50 billion cubic metres per year to the EU.

Cutting reliance on Russia will mean generating more renewable energy and improving energy efficiency as well as increasing imports.

The deal was announced on Friday during a three-day visit by US President Joe Biden to Brussels.

Read More (...)

Author: Editors Desk

Source: BBC News:

We are using cookies to give you the best experience on our website. By continuing to browse, you are agreeing to our Cookie Policy.
You did not use the site, Click here to remain logged. Timeout: 60 second