Biden's careful embrace of U.S. gas for Europe

The White House is looking to thread a policy needle by embracing more U.S. liquefied natural gas shipments to Europe while insisting it's not backing off its commitment to fighting climate change.

Driving the news: On Friday, U.S. and European leaders announced a task force focused on helping to cut the EU's heavy reliance on Russian fossil fuels and boosting clean energy.

The broad outline calls for U.S. work with "international partners" to find another 15 billion cubic meters of LNG this year.

Longer term, it calls for "additional" EU imports of roughly 50 bcm annually of U.S. LNG until at least 2030.

However, it does not define what "additional" means with respect to existing volumes.