In response to a question posed during a press conference in Brussels about when US liquefied natural gas (LNG) will help Europe to eliminate its dependence on Russian gas, a spokesman for the European Commission (European Commission) EC) on energy issues Tim McPhie says the block will “depends on fuel from Russia until 2027”.
According to Tim McPhie, the EU is estimated to be able to reduce its dependence on Russian gas by two-thirds this year, and a detailed plan on how to achieve this will be presented by the end of May.
McPhie’s comments come after EU talks with the US last week focused on expanding Washington’s LNG supplies to the European Union as a way to reduce the continent’s dependence this into Russian gas.
US President Joe Biden has met with Brussels officials to try to push for an embargo on Russian oil. However, European countries have refrained from imposing energy sanctions on Moscow, citing recession fears.
Declaration of the US and EC on energy security after the summit affirmed “joint determination to end the EU’s dependence on Russian fossil fuels by 2027“. The two sides also announced the establishment of a joint working group, working together towards that goal.
The EU said it sought to ensure steady demand for additional US LNG of about 50 billion cubic meters of natural gas per year until at least 2030.
The EU is considering stopping natural gas purchases from Russia as part of a series of sanctions imposed in response to Moscow’s military activity in Ukraine. Russia currently meets about 40% of the EU’s needs, supplying about 175 billion cubic meters a year to the bloc.
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