U.S. to Boost Gas Supply to E.U. in Effort to Cut Dependence on Russia

The U.S. and European Union announced an agreement to try and boost the supply of liquefied natural gas to European countries by the end of 2022 with at least 15 billion cubic meters.

The aim is to work with international partners to help the continent wean itself off Russian fuel imports. Under the agreement, E.U. member states will work to ensure demand for 50 billion cubic meters of U.S. liquefied natural gas until at least 2030. LNG imports from Russia stood at around 14 billion to 18 billion cubic meters annually in the past years.

President Joe Biden and European Commission President Ursula von der Leyen will announce the pact—which includes the formation of a joint task force—ahead of an appearance together in Brussels following Biden’s meetings Thur…