London Daily

Focus on the big picture.
Sunday, Sep 13, 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
Tesco Alerts Police After Scammers Use Its Branding in AI-Generated Fraud
Lindy Cameron Appointed First Female Permanent Under-Secretary at UK Foreign Office
UK Government to Rewrite Student Loan Guidance After Mis-Selling Criticism
Welsh First Minister Warns Andy Burnham Government to Respect Devolution
Trump’s Falkland Islands Remarks Trigger New Diplomatic Tension With Britain
Reform UK Receives Record £72 Million Donation From Cryptocurrency Billionaires
UK Bans Imports From Israeli West Bank Settlements and Sanctions Supporting Institutions
Bayeux Tapestry Draws Large Crowds at British Museum
Cuts to International Aid Raise Concerns Over Fragile Overseas Health Systems
UK Airlines and Logistics Operators Adjust Capacity as Fuel Costs Rise
UK Mortgage Arrears Edge Lower in Second Quarter
UK Government Advances New Devolution Offers for English Councils
UK Parliament Begins Debate on NHS Governance and Single Patient Record Reforms
Andy Burnham Launches Number 10 North Devolution Initiative
UK Parliament Rejects Assisted Dying Bill for Terminally Ill Adults
UK Bans Goods From Israeli Settlements in the Occupied West Bank
UK Economy Grows 0.4% in July as Technology Services Strengthen
Metropolitan Police Continue Investigation Into Reform UK Political Financing
Chinese Crypto Entrepreneur Leon Li Identified as Seller of £190 Million London Mansion
Trades Union Congress Proposes Social Energy Tariff Funded by Higher Bank Surcharge
British Chambers of Commerce Calls for State Pension Triple Lock to Be Scrapped
Anthropic Says Claude Helped Disrupt Biological Weapons and Cyber Espionage Threats
UK Imposes Sanctions Over Israeli Settlements and West Bank Violence
UK Reimposes Sectoral Sanctions on Iran’s Aviation, Shipping and Energy Networks
UK Economy Grows 0.4% in July as AI and Programming Services Lift Activity
UK House of Commons Rejects Assisted Dying Bill by 286 Votes to 270
UK Reviews Nationwide Emergency Alert Tests After Systems Meet Reliability Targets
UK Seeks Faster Rail Links Across Northern Industrial Corridors
British Business Bank Allocates £150 Million for High-Growth Companies in Northern England
BBC Warns Staff Strikes Are Possible Amid Pay Dispute and £500 Million Savings Drive
UK Backs Short Extension of UN Sudan Sanctions Regime
Prime Minister Andy Burnham Defends Early Prison Release Reforms and Growth Strategy
Reform UK Faces Scrutiny Over Alleged Effort to Circumvent Foreign Donation Rules
UK Analysts Warn Tax Rises or Spending Cuts May Be Needed to Preserve Fiscal Headroom
Jaguar Land Rover Plans Up to 4,000 Job Cuts in £1.7 Billion Cost-Saving Drive
UK Chancellor Warns of Difficult October Budget as Borrowing Costs Rise
UK Declares Israeli Occupation of West Bank Unlawful and Expands Sanctions
UK House of Commons Rejects Assisted Dying Bill for England and Wales
English Councils to Gain Power to Introduce Tourist Taxes by 2028
Kemi Badenoch Reshuffles Conservative Shadow Cabinet
Firefighters Make Progress Containing Major Wildfires in South Wales
John Lewis Partnership Reports £124 Million Loss
Study Says UK AI Data Centres Will Create Only a Quarter of Forecast Jobs
UK Government Considers Higher Industrial Water Prices Amid Supply Pressures
Andy Burnham Holds First Call With Donald Trump as UK Prime Minister
NHS Records Busiest Summer on Record as Heatwaves Drive Hospital Admissions
Home Secretary Orders Police Crackdown on Far-Right Anti-Migrant Vigilantes
UK Supreme Court Rules Northern Ireland Religious Education Curriculum Breaches Human Rights Standards
Markets Price in Four Bank of England Rate Rises by Next Summer
House of Commons Prepares Free Vote on Assisted Dying Bill
×