Biden’s careful embrace of US gas for Europe – Axios
The White House is looking to thread a policy needle by embracing more U.S. liquefied natural gas shipments to Europe while insisting it’s not backing off its commitment to fighting climate change.
Driving the news: On Friday, U.S. and European leaders announced a task force focused on helping to cut the EU’s heavy reliance on Russian fossil fuels and boosting clean energy.
- The broad outline calls for U.S. work with “international partners” to find another 15 billion cubic meters of LNG this year.
- Longer term, it calls for “additional” EU imports of roughly 50 bcm annually of U.S. LNG until at least 2030.
- However, it does not define what “additional” means with respect to existing volumes.
- “I know that eliminating Russian gas will have costs for Europe, but it’s not only the right thing to do from a moral standpoint, it’s going to put us on a much stronger strategic footing,” Biden said Friday morning.
The context: U.S. LNG shipments to Europe grew to over 22 bcm last year, per…
Read Full Story: https://www.axios.com/us-europe-liquefied-natural-gas-russia-d9f94ffe-1559-4307-8b13-28b4526beb02.html
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source: https://news.oneseocompany.com/2022/03/25/bidens-careful-embrace-of-us-gas-for-europe-axios_2022032516787.html
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