WASHINGTON (REUTERS) – United States and German authorities officers will meet in Berlin this week with power trade executives to debate methods to spice up Germany’s power provides, as Russia’s struggle in Ukraine ratchets up strain on Europe to search out alternate sources of power.
The roundtable, to be led by the US Commerce Department, will embody executives from liquefied pure gasoline suppliers and hydrogen power corporations, a US official acquainted with the plans mentioned.
Germany, which receives simply over 50 per cent of its power provides from Russia, had already been transferring to lower its reliance on fossil fuels, however the struggle, which Russia calls a “special military operation”, has compelled Berlin to speed up these plans.
US President Joe Biden, throughout his current European go to, promised that the US would assist provide 15 billion cubic metres (bcm) of liquefied pure gasoline (LNG) to Germany and different European Union markets this 12 months, as Europe seeks to wean itself off Russian gasoline provides.
The quantity is the same as the quantity of LNG provides that Russia sends to Europe annually. US officers have given few particulars on the efforts, together with how a lot of the extra quantity would come from US manufacturing or by means of diverting cargo headed to Asia or different non-European international locations.
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The US and European Union additionally introduced they’d create a job drive to assist meet the targets.
Industry executives and officers from each governments are hoping to map out a collection of choices on the roundtable on Thursday, nevertheless it was unclear if any important contracts could be signed, the US official mentioned.
“Industry moves at a different speed than government, so we’ll see,” the official mentioned. “At least we’ll start the talks.”
The White House mentioned it will search to spice up LNG exports out of the US, whereas additionally shifting to extra climate- pleasant merchandise like hydrogen, wind and photo voltaic.
One US-based LNG trade supply mentioned White House officers had instructed them that particulars concerning the plan’s implementation had been nonetheless being labored out.
