Business
2022.12.07 19:34 GMT+8

U.S. to increase gas exports to UK

Updated 2022.12.07 19:34 GMT+8
CGTN

A smart energy meter, used to monitor gas and electricity use, is pictured in a home in Walthamstow, east London, UK, February 4, 2022. /CFP

The United States plans to increase gas exports to Britain next year, easing its close ally's reliance on Russian energy, according to a joint statement released Wednesday.

Washington will seek to export at least 9 billion to 10 billion cubic meters of liquefied natural gas (LNG) over the next year via UK terminals, more than doubling the level in 2021, it added.

"This partnership will bring down prices for British consumers and help end Europe's dependence on Russian energy once and for all," British Prime Minister Rishi Sunak said in the statement.

The tie-up forms part of a new UK-U.S. Energy Security and Affordability Partnership "to reduce global dependence on Russian energy exports, stabilize energy markets and step up collaboration on energy efficiency, nuclear and renewables."

The partnership will be steered by an action group, whose first meeting is due Thursday.

The U.S. struck a similar deal with the EU in March to supply 15 billion cubic meters of LNG this year, helping reduce the EU's dependence on Russian gas.

(Source: AFP with edits) 

Copyright © 

RELATED STORIES