EU receives additional LPG supplies from the USA

Created: 03/25/2022Updated: 03/25/2022 10:39 am

With the help of the US and other international partners, the EU wants to become less dependent on Russian gas.

(Pictured: EU Commission President Ursula von der Leyen and US President Joe Biden) © Evan Vucci/AP/dpa

Together with international partners, America wants to feed an additional 15 billion cubic meters of liquid gas into the EU.

This could replace around a third of Russian gas imports.

Brussels - The USA, together with international partners, want to deliver an additional 15 billion cubic meters of liquefied natural gas (LNG) to the EU this year to replace Russian gas imports.

In the long term, the amount is expected to increase to 50 billion cubic meters per year, as announced by US President Joe Biden and Commission President Ursula von der Leyen in Brussels.

According to the Commission, this could replace around a third of current gas imports from Russia.

"You know that we want to reduce our dependence on Russia," von der Leyen said.

This can be achieved through investments in renewable energy, but also through additional gas supplies, including LNG supplies.

The US pledge of 15 billion cubic meters is a big step in that direction.

According to the EU Commission, this will cover about a tenth of Russian gas deliveries to the EU this year.

Accordingly, the EU imports around 155 billion cubic meters of gas from Russia per year - that is about 40 percent of the gas consumed in the EU.

At least 50 billion cubic meters of LNG per year from the USA

By 2030, Europe will also ensure stable demand for additional LNG of at least 50 billion cubic meters per year from the USA, said von der Leyen.

That amount would replace a third of the Russian gas currently flowing into the EU.

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In view of the war in Ukraine, the EU is trying to become independent of Russian gas supplies - both pipeline gas and LNG - as quickly as possible.

The EU Commission has proposed plans to cut Russian gas imports by two-thirds by the end of the year.

In order to diversify supplies, the EU Commission is also in contact with countries such as Qatar, Azerbaijan, Japan and South Korea.

dpa