{"id":1402457,"date":"2022-03-27T07:15:00","date_gmt":"2022-03-27T11:15:00","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1402457"},"modified":"2022-03-27T07:15:01","modified_gmt":"2022-03-27T11:15:01","slug":"u-s-and-eu-strike-gas-deal-to-reduce-reliance-on-russian-energy","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/u-s-and-eu-strike-gas-deal-to-reduce-reliance-on-russian-energy\/","title":{"rendered":"U.S. and EU Strike Gas Deal to Reduce Reliance on Russian Energy"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">24<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fu-s-and-eu-strike-gas-deal-to-reduce-reliance-on-russian-energy%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1402457&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>The United States and the <a href=\"https:\/\/www.theepochtimes.com\/t-european-union\">European Union<\/a> have struck a deal to reduce Europe\u2019s dependence on Russian fossil fuels, including a commitment for the United States to provide an additional 15 billion\u00a0cubic meters of liquefied natural gas (<a href=\"https:\/\/www.theepochtimes.com\/t-lng\">LNG<\/a>) to E.U. markets this year alone.<\/p>\n<p>President Joe Biden and European Commission President Ursula von der Leyen announced the new initiative at a <a href=\"https:\/\/www.youtube.com\/watch?v=2K796RCYW8k\">joint press conference<\/a> in Brussels, Belgium, on Friday.<\/p>\n<p>\u201cWe\u2019re coming together to reduce Europe\u2019s dependence on Russian energy,\u201d said Biden, who accused Russian President Vladimir Putin of using his country\u2019s fossil fuel resources to \u201ccoerce and manipulate\u201d Russia\u2019s neighbors and of using the profits from their sale to \u201cdrive his war machine.\u201d<\/p>\n<p>The context for the move is Russia\u2019s invasion of Ukraine, which has sparked an unprecedented series of sanctions against Moscow and is driving the strategic shift away from E.U. reliance on Russian energy.\u00a0Russia provides over 40 percent of the E.U.\u2019s gas and coal imports and around a quarter of its oil.<\/p>\n<p>Russia\u2019s actions in Ukraine, which Moscow calls a \u201cspecial military operation\u201d to disarm Ukraine\u2019s military and oust from power people it regards as dangerous nationalists, has already prompted the E.U. to pledge to cut Russian gas use by two-thirds this year and phase out Russian energy entirely by 2027.<\/p>\n<p>At the press conference, Biden and von der Leyen announced the formation of a joint Task Force on Energy Security, which will work on ways to reduce Europe\u2019s dependence on Russian fossil fuels while reducing the E.U.\u2019s overall gas demand going forward by accelerating market deployment of clean energy technologies.<\/p>\n<p>The task force will set out the parameters of this cooperation and will work on implementation, including ramping up supplies of LNG volumes to the E.U. as a matter of urgency to ensure enough gas for next winter and the following one.<\/p>\n<p>Under the deal,\u00a0the United States has pledged an additional 15 billion\u00a0cubic meters of LNG in 2022, with expected increases to those volumes in the future.<\/p>\n<p>The E.U. will work with its member countries to ensure stable demand for an additional 50 billion cubic meters of LNG from the United States per year until at least 2030.<\/p>\n<p>In order to ensure appropriate gas storage, the E.U. will work with member states to upgrade the regulatory framework for the energy security of supply and storage across the continent.<\/p>\n<p>One of the proposals in this regard involves a draft regulation on energy storage that would see the existing storage infrastructure to be filled up to 90 percent capacity by Nov. 1 each year.<\/p>\n<p>\u201cThe European Commission is going to work with member states to store gas across the continent, to build more infrastructure to receive LNG, and to take steps to increase the efficiency of gas,\u201d Biden said.<\/p>\n<p>Biden called the Ukraine crisis an opportunity and a \u201ccatalyst\u201d that would drive the clean energy investments needed to meet the net-zero emissions goals.<\/p>\n<div class=\"author_wrapper\">\n<div class=\"one_author_block round\">\n<div class=\"top_row\">\n\t\t\t\t\t<a href=\"https:\/\/www.theepochtimes.com\/author-tom-ozimek\"><\/a><\/p>\n<p>Follow<\/p>\n<\/div>\n<p>Tom Ozimek has a broad background in journalism, deposit insurance, marketing and communications, and adult education. The best writing advice he&#8217;s ever heard is from Roy Peter Clark: &#8216;Hit your target&#8217; and &#8216;leave the best for last.&#8217;\n<\/p>\n<\/p><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The United States and the European Union have struck a deal to reduce Europe\u2019s dependence on Russian fossil fuels, including a commitment for the United States to provide an additional<\/p>\n","protected":false},"author":498,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1402457","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1402457","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/498"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1402457"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1402457\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1402457"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1402457"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1402457"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}