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Montevideo, February 7th 2023 - 07:38 UTC

 

 

US and UK announce partnership to boost energy security and bring down prices

Thursday, December 8th 2022 - 10:13 UTC
Full article 9 comments
Prime Minister Sunak commented, “Together the UK and US will ensure the global price of energy and the security of our national supply can never again be manipulated by the whims of a failing regime.” Prime Minister Sunak commented, “Together the UK and US will ensure the global price of energy and the security of our national supply can never again be manipulated by the whims of a failing regime.”

With the purpose of bringing down global energy prices and boost energy security, United States and the United Kingdom have agreed on a new energy partnership.

 Under the “UK-US Energy Security and Affordability Partnership”’, the two allies will look to reduce global dependence on Russian energy exports, stabilize energy markets, and increase collaboration on energy efficiency, nuclear, and renewables, the UK government announced.

According to a report from oilprice, senior officials from the UK government and the White House will lead the new UK-US Joint Action Group, which will work to cut global reliance on Russian energy sources, advance renewables and green hydrogen use, and promote civil nuclear energy.

As part of the partnership, the U.S. will look to export large volumes of LNG over the next year via UK import terminals. The U.S. will aim to export at least 9-10 billion cubic meters of LNG over the next year to UK terminals, which would be more than double the level exported in 2021.

“This will be good for both UK and European partners as we look to replenish gas storage next year,” the UK government said.  

UK’s Prime Minister Rishi Sunak commented, “Together the UK and US will ensure the global price of energy and the security of our national supply can never again be manipulated by the whims of a failing regime.”

The U.S. has already boosted LNG supply to the European Union. In March, just after the Russian invasion of Ukraine, the EU and the U.S. agreed to boost American LNG exports to the EU by 15 bcm in 2022 compared to 2021.

This year alone, between January through October, around 48 bcm of LNG was exported from the U.S. to the EU, which is 26 bcm more than for the full year of 2021, participants in the latest meeting of the EU-US Task Force on Energy Security revealed.

“Building on this trend, the participants committed to work on keeping a high level of LNG supplies to Europe in 2023 of an additional approximately 50bcm as compared to 2021,” the task force said.

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  • Trimonde

    I find it very interesting and sad at the same time, how you feel immune to your impertinent child like nastiness Falklands-Slave. Argentina has so much land and resources, so much culture and people well ...a real and very big country, that it could never find reason to feel “jealous” of that inhospitable spit of peat at the service of UK geopolitical greed and their pompously arrogant Parliament. I'm pretty certain you're projecting your own jealousy. There are so many ways I could get into this with you, like the fact that if ever they decide to go forward, it will be the most expensive harvesting of oil and gas in the world. At the worst possible time in history to start development. They will have no choice but to turn your once pristine islands into an oil refinery, turning them into some industrialized Siberian landscape, and still no one that will want to move there to raise a family ever, but rather it will continue on its constant rate of loss of young people. Soon you'll an “empty homes” crisis if you keep facking building growth. You're practically a tinny little angry machine masquerading as some form of self run government. A stunted flat faced midget shouting his claim of being an attractive tall dark and handsome man. ... lol At least try to stop being so bitter, buddy.

    Dec 09th, 2022 - 10:29 am +1
  • Tænk

    I luuuuuuuuuuuuuuuuuv when them Brainwashed Anglo Turnips lie to themselves in public...

    Above..., one of them..., without a shred of evidence..., fantasiously writes..., ...:
    - “Europe doesn’t have enough LNG terminals but the UK does. Built for the day when N. Sea gas runs out but not yet needed, LNG is being unloaded in the UK then piped to Europe via interconnectors. Currently approx. 5% of Europe’s gas supply is being delivered this way with capacity for a lot more.”

    -Here...,on the other hand..., courtesy of this humble Patagonian..., a real article from “UKgeopolitics.com” that describes the REAL British LNG Capacity as per September 4, 2022
    https://ukgeopolitics.com/how-many-lng-terminals-uk/

    Chuckle..., chuckle...

    Dec 09th, 2022 - 11:18 am +1
  • Trimonde

    Cute. They've decided to make it official and now really let it rip, huh?
    Don't be shy guys! We know where you're heading.

    Dec 08th, 2022 - 11:21 am 0
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