Agreement to replace Russian gas with American gas

Much of Russia’s LNG imports will be replaced. A new task force is tasked with raising the question of oil.

Ursula von der Leyen and Joe Biden in Brussels, March 25, 2022 @BelgaImage

The United States will work to secure additional volumes of liquefied natural gas (LNG) for the EU market in 2022 of at least 15 billion cubic meters, with further increases expected in the future, announced United States President Joe Biden. and the President of the European Commission on Friday to Ursula von der Leyen. The two partners are nevertheless committed to meeting their climate targets.

A “crucial” agreement

This 15 billion cubic meters will have to replace LNG supplies from Russia to the EU, Ms von der Leyen explained during a press conference at the US Embassy in Brussels. By 2030, according to this new energy partnership, the Commission and Member States should guarantee demand for around 50 billion m3 of additional American LNG, while remaining on the path to zero carbon emissions. This amount corresponds to a third of Russia’s gas supplies to the EU, according to the German. She stresses that it will be necessary to ensure that infrastructure used for gas today can be used for green hydrogen in the future.

It is a government agreement that sets the framework within which energy companies can operate in the market. This is crucial as American companies involved in the LNG sector know that the American government will set favorable terms for their exports to Europe.“, we explained to the Commission. Simplifications are expected in particular in the case of permits and the construction of new gas terminals.

Joe Biden recalled that his country, which is a net exporter of fuel, has already issued an embargo on Russian gas and oil, but he understands that Europe cannot do so anytime soon. “The United States welcomes the European Union’s strong declaration earlier this month that it pledged to rapidly reduce its dependence on Russian gas‘ he stressed.

Other advances

The US and EU also announced the establishment of a joint working group to reduce Europe’s dependence on Russian fossil fuels and ensure Ukraine’s energy security. Washington and Brussels are also stepping up their commitments to renewable energy (particularly offshore wind power), gas demand reduction and energy efficiency. “This partnership should be an opportunity to accelerate our progress towards a zero-emission future.‘ said the US President.

In addition, Europeans and Americans have reached an agreement in principle on a new framework for the transfer of personal data from the European Union to the United States, a file on which Justice Commissioner Didier Reynders is maneuvering on the European side. “This will enable predictable and trustworthy data transfers between the EU and the US while protecting privacy and civil liberties‘ Mrs von der Leyen welcomed.

These announcements come at the end of Joe Biden’s visit to Brussels, where he will have attended three summits (NATO, G7 and EU) on Thursday to reaffirm westerners’ unity in the face of the Russian invasion of Ukraine. During the day, the American President drives to Poland, to a town near the Ukrainian border.

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