News Europe Biden and Sunak agree to increase US gas exports to the UK

Biden and Sunak agree to increase US gas exports to the UK

UK Prime Minister Rishi Sunak and US President Joe Biden at the G20 summit in Indonesia – Leon Neal/PA Wire/dpa


British Prime Minister Rishi Sunak and the US President have agreed a new energy partnership that includes increased exports from the US to the UK, with the aim of providing energy security from threats from Russia’s war in Ukraine.

The ‘UK-US Energy Security and Affordability Partnership’ seeks to reduce global dependence on Russian energy exports, stabilize energy markets and step up collaboration on energy efficiency, according to a Downing Street statement.

“This partnership will lower prices for British consumers and help end Europe’s dependency on Russian energy once and for all,” Sunak said.

Thus, the British ‘premier’ has qualified that his country has the natural resources and the industry to “create a better and freer system, and accelerate the transition towards clean energy”.

Sunak and Biden agreed at the G20 Summit in Indonesia to address the energy needs of both countries, as well as “lead efforts to accelerate” the energy transition.

This plan will be led by the energy ministers of each country, driving international investment in clean energy technologies.

This agreement — the third by London with Washington in the absence of a bilateral free trade agreement — would guarantee at least 9 billion cubic meters of US liquefied natural gas over the next year, an amount that would double the export of 2021 e would match the record volume provided this year, Bloomberg reports.



Please enter your comment!
Please enter your name here