US Announces Deal to Sell Energy to EU, Curbing Dependence on Russian Fossil Fuels
Headline Roundup March 25th, 2022
The U.S. and the European Union announced a deal Friday to reduce Europe’s dependence on Russian fossil fuels following Russian President Vladimir Putin's invasion of Ukraine.
An outline of the plan says the U.S. will work with other countries to provide Europe with another 15 billion cubic meters of liquified natural gas (LNG) this year. The plan's primary goals are "diversifying liquefied natural gas (LNG) supplies in alignment with climate objectives" and "reducing demand for natural gas." Russia provides roughly 40% of Europe's gas and 25% of its oil; the continent's Russian gas imports totaled roughly 155 billion cubic meters in 2021. LNG shipments to Europe from the U.S. grew to over 22 billion cubic meters last year, according to European Commission data. The U.S. and EU will also create a joint task force that will aim to reduce Europe’s overall reliance on Russian fossil fuels.
Some reports from left- and center-rated sources highlighted environmental activists who criticized efforts to create new fossil fuel infrastructure, arguing that they're at odds with President Joe Biden's goals for climate change and clean energy. Right-rated sources often highlighted how the White House presented the plan as a way to gradually reduce fossil fuel dependence overall and shift more to cleaner, renewable energy sources.
The United States and the European Union have unveiled a plan to reduce Europe’s dependence on Russian fossil fuels following the invasion of Ukraine.
US President Joe Biden and European Commission President Ursula von der Leyen announced the creation of the joint task force aimed at cutting the bloc’s reliance on Russian imports during a joint news conference in Brussels on Friday.
“Putin has used Russia’s energy resources … to manipulate its neighbours,” said Biden, who arrived in Europe this week to take part in several emergency meetings. “He’s used the...
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...
The United States will sell natural gas to the European Union as part of an overall plan to cut the continent’s dependence on Russian energy in the wake of Moscow’s invasion of Ukraine, President Biden said Friday.
The US will ship 15 billion cubic meters of liquefied natural gas to EU markets this year. The two entities also announced a joint task force that will work to reduce Europe’s reliance on Russian fossil fuels.
“Today we’ve agreed on a joint game plan for that goal, while accelerating our progress towards a secure, clean energy...