U.S. LNG will assist scale back EU’s Russian fuel dependency, von der Leyen says

European Fee President Ursula von der Leyen delivers an announcement following the conclusion of an EU Overseas Ministers’ assembly on the disaster in Ukraine, in Brussels, Belgium February 22, 2022. REUTERS/Johanna Geron/Pool

BRUSSELS, March 25 (Reuters) – The dedication by america to ship extra liquefied pure fuel (LNG) to the EU is an enormous step in the direction of making Europe much less depending on Russian fuel, EU Fee head Ursula von der Leyen stated on Friday.

“We intention to cut back this dependency on Russian fossil fuels and eliminate it. This will solely be achieved by means of… extra fuel provides, together with LNG deliveries”, von der Leyen stated at a joint information convention with U.S. President Joe Biden.

“We as Europeans need to diversify away from Russia in the direction of suppliers that we belief, which are our mates, which are dependable,” she stated.

“Subsequently, the U.S. dedication to supply the European Union with extra not less than 15 billion cubic metres of LNG this 12 months is an enormous step on this course as a result of it will exchange the LNG provide we presently obtain from Russia.”

America has dedicated to offering the European Union with a further 15 billion cubic metres (bcm) of LNG this 12 months, with each side aiming to ramp up deliveries to 50 bcm per 12 months over time.

“Trying forward, america and Europe will guarantee secure demand and provide for added not less than 50 billion cubic metres of U.S. LNG till 2030,” von der Leyen stated, including this could exchange one third of Russian fuel provides to the EU right this moment.

“We have to safe our provides not only for subsequent winter but additionally for the years forward”, she added. “Our partnership goals to maintain us by means of this warfare.”

Reporting by Sabine Siebold and Bart Meijer

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