US, EU create working group to reduce dependence on Russian energy resources

The US and the EU have set up a working group to reduce Europe’s dependence on Russian energy resources, Report informs referring to the White House’s website.

“Today, President Joe Biden and European Commission President Ursula von der Leyen announced a joint Task Force to reduce Europe’s dependence on Russian fossil fuels and strengthen European energy security…” reads the statement. The parties link this decision with the conduct of a special operation by Russia in Ukraine.

“This Task Force for Energy Security will be chaired by a representative from the White House and a representative of the President of the European Commission. It 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.

The Task Force will organize its efforts around two primary goals: Diversifying liquefied natural gas (LNG) supplies in alignment with climate objectives; Reducing demand for natural gas.”

The European Commission will work with EU Member States toward the goal of ensuring, until at least 2030, demand for approximately 50 bcm/year of additional US LNG that is consistent with our shared net-zero goals.