The United States is completing a plan to supply the European Union with up to 15 billion additional cubic meters liquefied natural gas (LNG) to the end of 2022, The Financial Times reports citing three sources familiar with the matter.
The deal aims to help the EU reduce its dependence on Russian gas, with the bloc struggling to cut Russian imports by two-thirds this year.
US liquefied natural gas deliveries will be targeted by the EU this month, to replace the 50 billion cubic meters of gas currently supplied by Russia with alternative supplies. In 2021, the US supplied Europe with 22 billion cubic meters, according to EU data.
US President Joe Biden and European Commission President Ursula von der Leyen hope to announce the agreement on Friday morning.
“This is more liquefied natural gas than the United States for the European Union, thus replacing the Russian one we have had so far,” said von der Leyen.
The White House declined to comment.
The EU has been pushing for a ban on Russian energy imports, but German Chancellor Olaf Solz has warned of an immediate ban on the country’s fossil fuels, saying such a move could trigger a recession.
ft.com
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