The Biden administration and the European Commission launched a multi-pronged effort that will dramatically ramp up U.S. liquefied natural gas (LNG) exports to the European Union (EU) but also reduce overall natural gas demand in the U.S. and EU through “accelerated market deployment” of clean energy measures.
The measures are part of strategic energy cooperation between the U.S. and EU under a joint “Task Force on Energy Security,” which President Joe Biden and European Commission President Ursula von der Leyen unveiled on March 25. According to the White House, the joint task force will work “to ensure energy security for Ukraine and the EU in preparation for next winter and the following one, while supporting the EU’s goal to end its dependence on Russian fossil fuels.”
