26.6 C
Islamabad
Tuesday, November 5, 2024

US, EU announce new partnership to undercut Russian energy

Must read

Pakistan parliament approves bill to extend three chief’s service tenure

Naveed Ahmad Khan Islamabad: ISLAMABAD: The National Assembly and the Senate on Monday passed a bill to extend the tenure of all services chiefs from...

Daily The Spokesman November 05 2024 PDF

Daily The Spokesman November 05 2024 PDF

Sudanese Ambassador accuses Sudan rebels of war crimes

Naveed Ahmad Khan Islamabad: Ambassador of Sudan, H.E Salih Mohamed Ahmed Mohamed Siddiq has said that the rebels are committing gruesome human rights violations killing...

BRUSSELS: The United States and European Union on Friday announced a new partnership to reduce the continent’s reliance on Russian energy, a step top officials characterized as the start of a years-long initiative to further isolate Moscow after its invasion of Ukraine.

U.S. President Joe Biden asserted that Russian President Vladimir Putin uses energy to “coerce and manipulate his neighbors” and uses the profits from its sale to “drive his war machine.” Biden said the partnership he announced jointly with a top European Union official will turn that dynamic on its head by reducing Europe’s dependence on Russian energy sources, as well reducing the continent’s demand for gas overall.

The president said such a step is not “only the right thing to do from a moral standpoint” but “it’s going to put us on a stronger strategic footing.” Under the plan, the U.S. and other nations will increase liquified natural gas exports to Europe by 15 billion cubic meters this year, though U.S. officials were unable to say exactly which countries will provide the extra energy this year. Even larger shipments would be delivered in the future.

At the same time, they will try to keep their climate goals on track by powering gas infrastructure with clean energy and reducing methane leaks that can worsen global warming. Although the initiative will likely require new facilities for importing liquified natural gas, the partnership is also geared toward reducing reliance on fossil fuels in the long run through energy efficiency and alternative sources of energy, according to the White House. Ursula von der Leyen, head of the EU’s executive arm, said it is important for Europe to shift away from Russia and toward energy suppliers that are trustworthy, friendly and reliable.

- Advertisement -US, EU announce new partnership to undercut Russian energy

More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -US, EU announce new partnership to undercut Russian energy

Latest article

Pakistan parliament approves bill to extend three chief’s service tenure

Naveed Ahmad Khan Islamabad: ISLAMABAD: The National Assembly and the Senate on Monday passed a bill to extend the tenure of all services chiefs from...

Daily The Spokesman November 05 2024 PDF

Daily The Spokesman November 05 2024 PDF

Sudanese Ambassador accuses Sudan rebels of war crimes

Naveed Ahmad Khan Islamabad: Ambassador of Sudan, H.E Salih Mohamed Ahmed Mohamed Siddiq has said that the rebels are committing gruesome human rights violations killing...

Team Pakistan Wins Grand Prize at Huawei ICT Innovation Competition 2023- 2024 Global Final

Usama Hameed Awan Shenzhen, China: The Huawei ICT Competition 2023-2024 Global Final concluded with resounding success, spotlighting exceptional talent from around the world. This year’s grand finale, hosted at Huawei's headquarters in Shenzhen, marked the culmination of an...