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The aim is to increase transatlantic LNG-shipments to 50bn cubic metres annually until 2030 (Photo: kees torn)

More US gas may explode prices in Europe, experts warn

The United States pledged to increase the export of liquefied natural gas (LNG) to the EU in a bid to reduce its dependence on Russian gas amid warnings that such a move could push prices even higher.

Washington will supply Europe with 15bn cubic metres of liquefied natural gas before the end of the year, US president Joe Biden and EU Commission president Ursula von der Leyen announced on Friday (25 March).

The EU wants to cut Russian gas imports by two-thirds this year and end a...

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Author Bio

Wester is a journalist from the Netherlands with a focus on the green economy. He joined EUobserver in September 2021. Previously he was editor-in-chief of Vice, Motherboard, a science-based website, and climate economy journalist for The Correspondent.

The aim is to increase transatlantic LNG-shipments to 50bn cubic metres annually until 2030 (Photo: kees torn)

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Author Bio

Wester is a journalist from the Netherlands with a focus on the green economy. He joined EUobserver in September 2021. Previously he was editor-in-chief of Vice, Motherboard, a science-based website, and climate economy journalist for The Correspondent.

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