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During President Joe Biden’s visit to Brussels, an agreement was reached for the US to supply gas to Europe, which demands that it no longer depend on Russia.
Under the agreement in 2027, the European Union will no longer receive gas from Russia. Europe will be supplied with liquefied natural gas by the United States, Canada and several other gas producing countries. but how will gas come to Europe? International media write that gas from across the Atlantic Ocean will come to Europe with ships dedicated to transporting such materials, of which there are 650 worldwide.
The European country that received a lot of gas from Russia is Germany, which in 2020 alone received 43 billion cubic meters, followed by Italy, with 29 billion cubic meters, then the Netherlands and Poland.
Thanks to a new technology, the US is the largest producer of gas in the world, producing 1 trillion cubic meters per year.
The agreement stipulates that this year, at least 15 billion cubic meters of gas will arrive from America. But this amount will not be enough to meet all the needs that Europe has at least for this year.
As for the price, according to the agreement, which is political and not economic, the price of gas will refer to the current market.
The US has the ambition to become the world’s largest gas exporter by 2022, selling 120 billion cubic meters per year. Passing Australia and Qatar which are the first now in the market.
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