The U.S. is ramping up shipments of liquefied natural gas to Europe this year as the continent hunts for new supplies around the globe to phase out its reliance on Russian energy after the invasion of Ukraine.
The globe-spanning effort to wean Europe off Russian energy supplies was at the center of President Biden’s summit with European Union leaders this week in Brussels. The U.S. aims to ship 50 billion cubic meters of LNG to Europe annually through at least 2030, officials said Friday, making up for about a third of the gas the EU receives from Russia. The EU imported a record 22 billion cubic meters of LNG from the U.S. last year.
