EU President Ursula von der Leyen and US President Joe Biden have signed an agreement aimed at reducing Russia’s dependence on energy supplies. Accordingly, the United States wants to send more liquefied petroleum gas to Europe. For Van der Ley, he stressed, a step towards trusted energy suppliers to the EU.
Future gas supplies from the United States instead of Russia
The agreement states that the United States, along with international partners, will supply about 15 billion cubic meters of liquefied petroleum gas to the EU this year. According to Biden, European gas storage facilities need to be refilled before winter. By 2030, this amount is expected to increase to 50 billion cubic meters per year.
In the future, one-third of all gas supplies from Russia so far will be handled by the United States.
New Atlantic Task Force
However, to make deliveries at this level possible, certain prerequisites must be met first. Liquid gas, often abbreviated as LNG for “liquefied natural gas”, is a gas that is highly cooled and converted to a liquid state. This makes it easier to carry using special vessels. At the target, it is converted back to its gaseous state, but this requires suitable terminals.
At present these are not enough in the EU. The EU also wants to create more opportunities for LNG coming to the West Bank to pump into industrial areas. A new Atlantic task force is tasked with expanding the relevant infrastructure on the European side. On the American side, the aim is to increase the production of frocking gas.
Gas consumption should be reduced
At the same time, the EU and the USA want to focus on ensuring that we do not need too much gas in the future in the first place. It can also be achieved through energy efficiency, a report says.
The EU plans to cut Russian gas imports by two-thirds by the end of this year, according to EU plans. There are also talks with other potential suppliers such as Qatar, Azerbaijan, Japan and South Korea.
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