UK and US announce new energy partnership

The United Kingdom and the United States have announced a new energy partnership aimed at “reducing the world’s energy dependence on Russia.”

And in a joint statement from British Prime Minister Rishi Sunak and US President Joe Biden, released yesterday, Tuesday, in London, they said: “With the help of our allies, the United States and the United Kingdom are committed to intensifying cooperation to maintain global energy security, energy sustainability and affordability in a time when Europe is reducing its dependence on energy”. goal of promoting a sustainable energy transition to net zero emissions by 2050, which will also strengthen our energy security efforts.”

The statement added that the partnership would bring down prices for British consumers and “end once and for all Europe’s dependence on Russian energy”.

And he continued: “The UK and the United States will work together to improve energy security and lower prices as part of an initiative launched today (December 7) by (UK Prime Minister Rishi Sunak) and US President (Joe) Biden. “UK-US Energy Security Partnership: Energy Affordability” The UK and the US will take the lead in reducing global dependence on Russian energy exports, stabilizing energy markets and boosting cooperation on energy efficiency, nuclear power and renewables. The initiative will be chaired by a new joint working group led by senior British government and White House officials.

The statement indicated that the United States intends to supply the UK with 9-10 billion cubic meters of liquefied natural gas in 2023, which is 2-2.5 times more than in 2021, when London purchased 3.9 billion cubic meters of American gas. It is estimated that between October 2021 and last October, the UK imported 9.7 bcm of LNG from the US, or more than 40% of its total LNG imports. The increase in imports from the United States should compensate for the drop in supplies from Russia, from which the UK purchased about 3.1 billion cubic meters of LNG in 2021.

Source: TASS