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Friday, 17 May
economy

Biden promised to supply enough gas to Europeans to compensate for the Russian gas

The United States of America will supply an additional 15 billion cubic meters of liquefied natural gas to the European Union countries by theend of this year.

This is reported by Deutsche Welle.

The agreement will see the US provide the EU with extra gas, equivalent to around 10% of the gas it currently gets from Russia, by the end of the year.

The bloc has already said it will cut Russian gas use in response to Russia's invasion of Ukraine.

Russia currently supplies about 40% of the EU's gas needs.

The corresponding agreement was concluded by U.S. President Joe Biden and head of the European CommissionUrsula von der Leyen.

The new deal will involve the US and other countries supplying an extra 15 billion cubic metres of gas on top of last year's 22 billion cubic metres.

At the same time, the European Union is going to receive about 50 billion cubic meters of gas per year from the United States - this will continue until at least 2030.

It is noted that these volumesof imports of American LNG could replace about a third - around 24% of the gas currently imported from Russia.