EU, US pledge cooperation on energy security amid Russia threat

(EurActiv, 28 Jan 2022) European Commission President Ursula von der Leyen and US President Joe Biden pledged on Friday (28 January) to cooperate on guaranteeing Europe’s and Ukraine’s energy security amid a standoff triggered by Russia amassing troops at Ukraine’s border.

In a joint statement put out on Friday – the result of several weeks of talks, according to an EU official – von der Leyen and Biden said they were committed to a “continued, sufficient, and timely supply” of fossil gas to Europe.

“We are jointly committed to Europe’s energy security and sustainability and to accelerating the global transition to clean energy. We also share the objective of ensuring the energy security of Ukraine and the progressive integration of Ukraine with the EU gas and electricity markets,” said the joint statement by the two leaders.

“The United States and the EU are working jointly towards continued, sufficient, and timely supply of natural gas to the EU from diverse sources across the globe to avoid supply shocks, including those that could result from a further Russian invasion of Ukraine,” it continues.

The European Union is currently in the throes of an energy crisis, where supplies of gas are both lower than normal and expensive. The EU’s gas capacity is currently around 66%, according to an EU official.

Moreover, Europe is highly reliant on Russian gas, which makes up around 40% of Europe’s gas supplies. Just under 40% comes from Norway. The rest is made up of internal supply and liquified natural gas (LNG), according to the European Commission.

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EurActiv, 28 Jan 2022: EU, US pledge cooperation on energy security amid Russia threat