US, EU announce new partnership to reduce reliance on Russian energy

Sakshi Education

The United States and European Union have announced a new partnership to reduce the continent's reliance on Russian energy. It's a step top officials characterized as the start of a years-long initiative to further isolate Moscow after its invasion of Ukraine.
U.S. President Joe Biden asserted that Russian President Vladimir Putin uses energy to coerce and manipulate his neighbors and uses the profits from its sale to drive his war machine.
Biden said the partnership he announced jointly with a top European Union official will turn that dynamic on its head by reducing Europe's dependence on Russian energy sources, as well as the continent's demand for gas overall.
Under the plan, the U.S. and other nations will increase liquified natural gas exports to Europe by 15 billion cubic meters this year. Even larger shipments would be delivered in the future.
At the same time, they will try to keep their climate goals on track by powering gas infrastructure with clean energy and reducing methane leaks that can worsen global warming.

Published date : 26 Mar 2022 05:59PM