US set to sign gas deal with Europe

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The European Union is expected to announce a deal which will see the US supply it with more liquefied natural gas (LNG) supplies to replace Russian imports.

The US is set to provide at least 15 billion cubic metres of LNG by year’s end, the Reuters news agency reported.

European nations are scrambling to reduce their reliance on Russian fossil fuels in the wake of Moscow’s invasion of Ukraine.

The EU has pledged to cut its Russian gas use by two-thirds this year through imports from other countries and expanding renewable energy.

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Speaking on Thursday night, Belgian Prime Minister Alexander de Croo welcomed the move saying it would help bring down gas prices in Europe.

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