Biden and EU agree landmark gas deal to break Kremlin’s hold

[Cujo]

Speaking of the Russian gas issue, they can demand payment in any currency they like. If no one needs it too bad.

US increasing exports of seaborne liquefied natural gas to cut Europe’s dependence on Russia and starve war machine.
Joe Biden has agreed a landmark energy supply deal with the EU under which the US will increase transatlantic gas deliveries, in the hope of weakening the power the Kremlin wields thanks to its natural resources.


Speaking in Brussels after the deal was agreed on Friday, the US president said Vladimir Putin exploited Russia’s status as Europe’s main supplier of gas to “coerce and manipulate his neighbours” and that the proceeds of gas and oil sales “drive his war machine” during the invasion of Ukraine.


He said the partnership with the EU would strip Putin of that weapon by ending Europe’s dependence on Russian energy before the end of the decade.

The proposals also aim to cut Europe’s gas usage overall by focusing on energy efficiency and renewable energy, in order to meet climate goals.


Russia supplied about 155 billion cubic metres (bcm) of gas to Europe last year and typically accounts for about 40% of the continent’s demand.

The EU has already said it hopes to cut Russian imports by two-thirds by the end of the year, by importing liquefied natural gas (LNG) from other countries, and bringing forward renewable projects and energy efficiency measures.


Under the deal with Biden, the US will assist in the short term by delivering increased shipments of LNG to Europe, with 15bcm added this year.


That implies 37bcm in deliveries, while Europe has committed to an eventual 50bcm a year in additional imports, as part of a plan to unhook itself from Russian gas supplies by the end of the decade.


Ursula von der Leyen, the president of the European Commission, said: “This amount is replacing one-third already of the Russian gas going to Europe today. So we are right on track now to diversify away from Russian gas and towards our friends and partners, reliable and trustworthy suppliers.”

At the same time, the EU will try to keep climate goals on track by powering gas infrastructure with clean energy and reducing methane leaks that could worsen global heating.


A combination of energy efficiency savings in homes and wind and solar projects could shave 20bcm off European gas demand.


Biden said such a step was not only “the right thing to do from a moral standpoint” but was “going to put us on a stronger strategic footing”.


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Asked how the US would increase its supply of LNG, given that producers are already running at full steam, a senior White House official said the plan would involve “swaps” with international partners, particularly in Asia, to free up gas during Europe’s winter.

The initiative will require Europe to build new terminals for importing LNG, with current infrastructure unable to cope with a significant rise in imports. Germany, Europe’s largest economy, has no LNG terminals but said on Friday that it aimed to end its reliance on Russian gas by 2024.


New pipelines – future-proofed so that they can be retrofitted to transport hydrogen – will also be needed.


“We aim to reduce this dependence on Russian fossil fuels and get rid of it,” said Von Der Leyen.

[harrybarracuda]

How stupid is Puffy? He's thrown away all this good business.

[panama hat]

How stupid is Puffy? He's thrown away all this good business.

According to sabang he is a genius who demands to be paid in . . . rubles

[Backspin]

Gotta laugh at how dumb all the posters in this thread are so far. As if hauling gas across the ocean in ships is a viable alternative to fully piped gas.

[aging one]

Gotta laugh at how dumb all the posters in this thread are so far. As if hauling gas across the ocean in ships is a viable alternative to fully piped gas.

Who said anything other than the OP? STFU and tell us about which phone you bought moron.

[tomcat]

Gotta laugh at how dumb all the posters in this thread are so far.

...*cough*...you're one of the posters in this thread so far...

[panama hat]

Gotta laugh at how dumb all the posters in this thread are so far.

...*cough*...you're one of the posters in this thread so far...

He's broken the glass ceiling, though

[OhOh]

Russia supplied about 155 billion cubic metres (bcm) of gas to Europe last year and typically accounts for about 40% of the continent’s demand.

Under the deal with Biden, the US will assist in the short term by delivering increased shipments of LNG to Europe, with 15bcm added this year.

All of Europe, including Russia, non EU countries or just the EU countries?

Asked how the US would increase its supply of LNG, given that producers are already running at full steam, a senior White House official said the plan would involve “swaps” with international partners, particularly in Asia, to free up gas during Europe’s winter.

There appears to be a large, 75+ %, shortfall in supply.

Existing 155,000,000,000 from Russia.

Replaced by NaGastn/it's "international partners" 37,000,000,000

So we are right on track now to diversify away from Russian gas and towards our friends and partners, reliable and trustworthy suppliers.”

Tell that to the French.

One hopes they get solid contracts from their "reliable and trustworthy suppliers.”

How much of their citizens financial assets and gold are held in NaGastan and UK vaults?

The Europeans, with the middleman NaGastan's help, are stealing the gas from whom, as the producers are "running at full"? Who are these countries that can do without 118,000,000,000 bcm per year?

“We aim to reduce this dependence on Russian fossil fuels and get rid of it,” said Von Der Leyen.

One hopes they are more successful than their last plan, no wind/Frozen windmills and snow covered panels, which failed miserably.

One presumes their industrial companies are in agreement with these proposals and have agreed prices? Or is it another edict from POTUS/Ursula von der Leyen, the president of the European Commission?

Biden and EU agree landmark gas deal

Will EU countries be able to opt out of this new agreement and be at the mercy of the NaGastan demands/sanctions, the international speculators "spot market" and pay higher prices?

Not being privy to the Russian gas/oil long term supply contract details. One presumes those EU countries that have multi-year agreed contracts with Russia, can and are willing to, break their Russian contracts, if legally they can, and pay any penalties?.

[OhOh]

How stupid is Puffy? He's thrown away all this good business.

The NaGastan and EU countries are at war with Russia, but have walked away from promises given to their Ukraine puppet, that NATO has their back, due to their refusal to negotiate.

Unbacked NaGastan "promises" will once again still be delivered by a POTUS, that runs away from AK gun toting Muslims?



When have we heard that fairytale before. Ask the Native Indians of NaGastan, the South Vietnamese civilians, the Afghan civilians, the Ukraine citizens ....

[Cujo]

"Nagastan?' WTF is that?

[Reggie]

If there really were a war brewing between the Nato clowns and the psycho putin, the gas would have been shut off immediately. Then the people of Europestan would have very quickly kicked their corrupt governments out to get the gas back again. However putin has not because there is no war. There is posturing and egging on by some idiots profiteering from it. Will Europe be buying the GMO junk crops from over here in the USA as well to replace the Russian crops?

[Ravers98]

"Nagastan?' WTF is that?

He keeps saying this, I also do not understand what it means