A major gas deal is within reach: “The United States will provide Europe with 15 million …
The United States will supply Europe with 15 billion cubic meters of liquefied gas before the end of the year. This aims to make Europe less dependent on Russian gas.
According to sources against financial times The Americans present the final details of this plan in Brussels.
Europe wants to reduce its dependence on Russian gas by two thirds this year, and then gradually get rid of it. A total of 50 billion cubic meters of gas will then be replaced.
US President Joe Biden and European Commission President Ursula von der Leyen are due to announce the deal on Friday morning. By way of comparison: Dutch offshore gas fields could supply 6 billion cubic meters of gas in the short term. This is roughly how much Holland now buys from Russia.
Read also: Consequences of Russia’s gas supply interruption could be significant, according to the Central Bank
The phasing out of Russian gas
European member states do not dare to phase out Russian gas too quickly. Eastern European countries in particular will be hit hard. German Chancellor Olaf Scholz has warned against an immediate ban on all fossil fuels, which could lead to a recession in Europe’s largest economy.
Therefore, Germany is committed to a sharp gas cut for this year, as part of the sanctions.
In addition to consultations on LNG supplies to the United States, Europe is also consulting with representatives in Qatar and Egypt.
The deal with the Americans is great: a large part of the LNG export has already been booked in the United States, especially for countries in Asia.
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