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US, European Union strike LNG deal to undercut Russian energy

The EU is aiming to cut its dependency on Russian gas by two-thirds this year and end all Russian fossil fuel imports by 2027 due to Russia's invasion of Ukraine.

US President Joe Biden meets American soldiers assigned to the 82nd Airborne Division at the G2 Arena in Jasionka in Poland	Photo: Reuters
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US President Joe Biden meets American soldiers assigned to the 82nd Airborne Division at the G2 Arena in Jasionka in Poland. Photo: Reuters

Reuters Brussels/London
The United States will work to supply 15 billion cubic metres of liquefied natural gas (LNG) to the European Union this year to help it wean off Russian energy supplies, the transatlantic partners said on Friday.
 
The EU is aiming to cut its dependency on Russian gas by two-thirds this year and end all Russian fossil fuel imports by 2027 due to Russia’s invasion of Ukraine. Russia supplies around 40 per cent of Europe’s gas needs.
 
Concerns over security of supply were reinforced this week after Russia ordered the switch of gas contract payments to roubles, raising the

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Mar 25 2022 | 11:50 PM IST

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