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Biden Says Putin Used Energy Resources to 'Coerce and Manipulate'
Posted
March 25, 2022
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1:20Now PlayingThe U.S. and the European Union announced an agreement to try and boost the supply of liquefied natural gas to European countries by the end of 2022 with at least 15 billion cubic meters.
The aim is to work with international partners to help the continent wean itself off Russian fuel imports. Under the agreement, EU member states will work to ensure demand for 50 billion cubic meters of U.S. liquefied natural gas until at least 2030.
Europe imports most of its Russian gas via pipelines, with just a tiny fraction coming in the form of LNG. Russia ships about 150 billion cubic meters of gas to Europe via pipelines, with just about 14 to 18 billion coming in the form of LNG. That means any disruptions from Russia would hard to cope with.
“We’re coming together to reduce Europe’s dependence on Russian energy,” U.S. President Joe Biden said at a joint press conference with European Commission President Ursula von der Leyen, who added that 15 billion cubic meters this year “is a big step in that direction.”
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