U.S. to ship 50 billion cubic meters of natural gas to Europe by 2023 to reduce dependence on Russian gas
The United States has pledged to ship at least 50 billion cubic meters of liquefied natural gas. to the European Union (EU) over 2023 to reduce the bloc’s dependence on Russian gas, the U.S.-EU energy security working group announced Monday.
The commitment is part of a series of initiatives to. reduce the impact of the energy crisis., aggravated by the Russian invasion of Ukraine, and to reduce polluting emissions caused by burning fossil fuels. “Russia uses energy as weapon to torpedo security in Europe“, the working group said today in a statement.
In the brief, the group celebrated that, through 2022, the U.S. has shipped 56 billion cubic meters of liquefied natural gas. Russian gas, on the other hand, barely accounted for a 16% of gas imports. of the bloc, after having accounted for 37% in March 2022.
Reducing dependence on Russia
In addition to the commitment to maintain shipments, the two powers agreed to. to reduce their methane emissions in bilateral trade, improving their tools to monitor and verify them.
This week marks the one-year anniversary of the establishment of the energy security working group that the EU and U.S. launched to reduce European dependence on Russian gas following the Kremlin-ordered invasion of Ukraine.
During this year, the European Union reduced its demand for natural gas by 19 percent “reducing the use of electricity” and “improving energy efficiency in the residential sector,” among other measures, the statement said.