Biden agreed with the gas device: how did Russia respond
US vows to increase LNG exports to Europe
US President Joyden agreed to a “historic” as Western media dubbed it, an annexed energy supply deal, in which the US would increase transatlantic stockpiles in the hope of weakening Russia’s influence if they had sufficient resources.
Speaking in Brussels after the deal was agreed on Friday, the US president said that Russia is using its status as Europe’s main gas supplier to “coerce and manipulate its neighbors” and that it is proposed that gas and oil sales “lead to her movement is “war machine”.
How writes The Guardian, Joe Biden said that the partnership combined with the EU will put “an end to Europe’s dependence on Russian energy to the end of the experience.”
The proposals also target gas consumption in Europe as a whole to reflect the focus on energy efficiency and the use of energy sources to achieve climate goals.
Last year, Russia supplied about 155 billion cubic meters of gas to Europe, which is usually about 40% of the needs of the continent, reminiscent of The Guardian.
The European Union has already announced that it is expected to reduce gas imports by two-thirds by the end of the year by importing liquefied natural gas (LNG) from other countries and promoting green energy projects and energy efficiency measures.
In accordance with the achieved consumption agreement with Biden Clearing House in the short term expected assistance, as LNG stocks gradually increase, and this year will add 15 billion cubic meters.
This increases stocks at 37 million cubic meters, while Europe has committed to increase imports of 50 million cubic meters per year, in line with the demand phase-out plan by the end of the period.
Ursula von der Leyen, President of the European Commission, said: “This volume already replaces a third of the Russian gas going to Europe today. So now we are getting a path to diversify from Russian gas to well-known friends and partners, reliable and guaranteeing the trust of suppliers.”
At the same time, the EU will try to stay on track with climate targets, supplying gas infrastructure with clean streams and reducing methane emissions that exacerbate global warming, reducing exports The Guardian. home energy savings and wind solar projects could reduce gas demand in Europe by 20 bcm.
Biden said such a move was not only “morally correct” but would also “put us on a stronger strategic footing.” Asked how the U.S. would get supplies of LNG already expected to be running at full capacity, a senior White House official said the plan would reflect a “swap” with the emergence, especially in Asia, for the release of gas in winter in Europe.
The incident initiative from Europe is the construction of new terminals for LNG imports, while the existing infrastructure is not able to grow imports, admits The Guardian. Germany, a European economy, has no LNG terminals, but Friday’s interest rate is set to end dependence on US gas by 2024.
“We are reducing dependence on fossil fuels in Russia and getting rid of it,” said Ursula von der Leyen.