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Europe and the United States form the LNG agreement

Joe Biden and Olaf Scholes

The deal is expected to be released on Friday.


(Photo: dpa)

Berlin, Brussels, Dசல்sseldorf, Rome Historic Summit Day in Brussels: First, NATO Heads of State and Government met on Thursday, followed by a round of meetings between the major industrialized nations (G7), followed by the EU Summit in the evening. The protagonist in all three encounters: Joe Biden.

The US president discussed with his EU partners in Canada and Japan military strengthening of NATO and further sanctions against Russia – and he came up with a long-awaited promise to Europeans: the US is developing an energy deal with the EU to reduce its dependence. On Russian gas. Biden and EU Commission Chairman Ursula von der Leyen are expected to announce the deal on Friday.

Handelsblatt learned from EU ambassadors that it has firm supply guarantees for liquefied natural gas (LNG). The energy contract should cover a substantial amount, and it will last for many years.

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