London Daily

Focus on the big picture.
Sunday, Aug 23, 2026

Just where is Joe Biden going to find gas for the EU?

Just where is Joe Biden going to find gas for the EU?

Washington is counting on markets to replace some of the gas now supplied by Russia.

U.S. President Joe Biden on Friday pitched himself as the EU's savior from its Russian energy addiction — but arranging a rapid increase in the amount of liquefied natural gas sailing to Europe won't be easy.

“We’re coming together to reduce Europe’s dependence on Russian energy,” Biden said at a joint press conference with European Commission President Ursula von der Leyen as the two leaders worked on how to punish Russia for invading Ukraine.

Both sides mentioned a goal of 15 billion cubic meters (bcm) of additional liquefied natural gas (LNG) delivered to EU markets this year, with hopes for 50 bcm more of U.S. LNG annually through 2030. Russia sends the EU 155 bcm a year, or about about 40 percent of the bloc’s total gas consumption.

But the details aren't clear.

Von der Leyen spoke of a "U.S. commitment to provide" those short-term volumes, but the final text of the joint statement says the U.S. will "work with international partners and strive to ensure" those cargoes find their way to the EU this year.

A senior U.S. official clarified that the promise of 15 bcm this year is actually a commitment to try and help convince companies in Asia or elsewhere that were expecting cargoes this coming winter to agree to send them to Europe instead. That would be a repeat of what happened this past winter, the official said.

But LNG industry executives meeting in Texas earlier this month warned that the weather would play a major role in dictating where cargoes go — and that a cold snap could see Asian countries clinging to their promised fuels.

"All importers are fishing in the same pool for supply," warned the International Energy Agency (IEA) in this month's guide to weaning the EU off Russian gas. Increasing LNG flows to the bloc would mean "exceptionally tight LNG markets and very high prices."

There is gas out there. The IEA wrote that Europe could scrounge up some 20 bcm of additional LNG on global markets — with 10 bcm more via pipelines from Norway and Azerbaijan, should those countries agree to ramp up production.

Even with considerable belt-tightening measures to cut demand and a speedy rollout of renewables, the best the EU could aim for would be cutting Russian gas reliance by a third this year, the IEA estimated. Brussels hopes for a two-thirds reduction.

Building capacity


Boosting U.S. LNG exports will be easier if European countries sign long-term contracts with U.S. suppliers, like the 11-year deal France's Engie signed in December with Cheniere Energy in Texas.

A fact sheet released by the White House on the deal noted that the promise of 50 bcm of future annual deliveries of U.S. LNG was "on the understanding that prices should reflect long-term market fundamentals and stability of supply and demand."

On Friday, Biden said it also meant the EU fast-tracking building permits for new LNG import terminals and pushing European countries to show there is sufficient demand for American gas through 2030.

“To accomplish this, the European Commission is going to work with the member states to store gas across the Continent [and] to build more infrastructure to receive LNG," Biden said.

Countries are already starting to move.

German Chancellor Olaf Scholz on Wednesday promised: "We will build our own LNG terminals much faster than we have until now,” while the Netherlands signed a five-year contract to lease a floating LNG import and storage terminal for later this year.

The European Parliament also voted to approve a list of cross-border energy projects to receive fast-tracked permits this month, which include 20 gas projects from import terminals to pipelines.

This week the European Commission also proposed a new regulation mandating gas purchases to beef up storage stocks each summer to ensure they are filled to 90 percent ahead of each heating season.

The race to get more gas isn't entirely at odds with the EU's green goals; it's aiming to be climate neutral by 2050, which doesn't leave much of a long-term place for natural gas.

The joint EU-U.S. statement says the new gas infrastructure should have a low carbon footprint, and includes a section on energy-saving measures in line with the EU's recent pledge to drastically reduce oil and gas consumption.

Von der Leyen underlined those targets by departing from prepared remarks to add that independence from Russian gas "can only be achieved through investment in renewables ... but also additional gas supplies."

Climate campaigners are aghast.

"Europe already has enough capacity to import the amount of gas the U.S. intends to supply," said Murray Worthy, an anti-gas campaigner for NGO Global Witness. "Instead of lining the pockets of American fracking companies, Europe should focus its energy investments on lasting solutions such as improving building insulation, heat pumps and renewable energy sources."

Von der Leyen insisted that new infrastructure would not lead to stranded assets or additional fossil fuel dependence, because "the infrastructure we use for gas today can be used for clean hydrogen in the future."

But American LNG exporters are already taking a victory lap.

Charlie Reidl, executive director of the Center for Liquefied Natural Gas lobby in Washington, said the joint statement's emphasis on "long-term contracting mechanisms with U.S. LNG suppliers" would "establish a virtual LNG pipeline to Europe ... well into the future."

Newsletter

Related Articles

0:00
0:00
Close
UK Opens National Artificial Intelligence Safety Testing Facility
UK Government Finalizes Plans to Bring Remaining Regional Rail Services Into Public Ownership
Environment Agency Imposes Record Penalties on Water Companies Over Illegal Sewage Discharges
Great British Energy Announces Offshore Wind Partnership in North Sea
UK Government Tightens Planning Rules to Accelerate Housing Development
NHS Launches Digital Overhaul to Cut Elective Care Waiting Lists
Bank of England Signals Interest Rates May Stay Higher for Longer as Inflation Pressures Persist
The rise and fall of Hui Ka Yan, China’s richest man
Woke: Britain Considers Plain Packaging for Cigars as Specialist Shops Warn of Industry Collapse
Britain's Public-Service Productivity Remains Below 2019 as £80 Billion Output Gap Fuels WFH Debate
Mandelson Epstein Case in Jeopardy as U.S. Files Stay Out of Reach
Prince Harry and Six Others Ordered to Pay £9.5 Million After High Court Defeat
Bank of England Holds Interest Rate at 3.75% as Inflation and Energy Risks Persist
UK AI Security Tests Find Autonomous Agent Attempting Malicious Code Injection
UK Economy Grows 0.4% in Second Quarter Amid Global Pressures
UK Joins European Allies in Condemning Israeli Settlement Plans in West Bank E1 Area
Multiple People Killed in A66 Collision Near Middlesbrough Involving Police Vehicle
UK Government Holds First National Day for Victims and Survivors of Terrorism
UK Met Office Warns of Severe Autumn Storms as Strong El Niño Follows Historic Drought
Petrol Bombs Set Luxury Cars Alight Outside Birmingham Wedding as Police Hunt Three Men
Bitcoin Surges Toward $80,000 as Short Squeeze and ETF Inflows Ignite Crypto Rally
Prince Harry and Co-Claimants Ordered to Pay £9.5 Million Toward Daily Mail Publisher’s Legal Costs
Prince Harry and Meghan Markle Reportedly Plan Return to Britain With Their Children
UK Court Ruling Threatens Deportation Plans for Potential Trafficking Victims to Albania
Kemi Badenoch Presses UK Government for Decisions on Rosebank and Jackdaw Oil Fields
UK Foreign Affairs Committee Chair Calls for Ban on Goods from Occupied West Bank
Andy Burnham Government to Place Civil Servants Directly in English Mayoral Offices
Met Office Warns Major El Niño Could Bring Stormier, Wetter Autumn to UK
UK Economy Gains Unexpected Momentum Ahead of Andy Burnham Government’s First Budget
Twenty-Nine US States Take Meta to Trial Over Alleged Child Addiction on Instagram and Facebook
Former Scottish National Party Executive Peter Murrell Jailed for Five Years Over £400,000 Embezzlement
Moderna and Merck's Personalized Cancer Vaccine Succeeds in Historic Late-Stage Melanoma Trial
Prince Harry and Meghan to Move Back to Britain With Their Children
England and Wales Have Fewer Than 1,800 Prison Places Left for Men
Royal Navy to Accelerate DragonFire Laser Deployment Against Growing Drone Threat
Northern Ireland Approves Five Hundred Million Pound Belfast Harbour Expansion
Great British Railways Takes Full Control of Avanti West Coast as Rail Nationalisation Reaches Final Stage
UK AI Safety Institute Calls for Mandatory Security Audits of Advanced AI Models
Scotland Secures Three Billion Pounds for Floating Offshore Wind Hub in Aberdeen
Government Overrides Local Councils to Approve Green Belt Housing Across Southern England
UK and EU Move Toward Mutual Recognition of Food Standards to Ease Cross-Channel Trade
Government Plans Multibillion-Pound Private Healthcare Expansion to Cut NHS Surgical Backlogs
Bank of England Signals Faster Rate Cuts as Inflation Falls Below the Two Percent Target
Suspected People Smuggler Arrested After Investigation Identified Him
Children's Doctors Warn That Vaping Can Lead Young People to Smoking
Hundreds of Thousands of Students Receive GCSE and Vocational Results Across England, Wales and Northern Ireland
Here Is What Can Never Happen in Your Country: Taiwan Is Giving Money to All Its People Because It Collected Too Much Tax
UK Inflation Rises to 2.9% as Energy Bills Jump
UK Issues New Conduct Guide for Asylum Seekers on Consent and Respect
Moderna Shares Surge After Positive Personalized Skin Cancer Trial Results
×