The United States will supply 50 billion cubic meters of liquefied natural gas or LNG to Europe this year to make up for shortage in Russian gas supplies, to reduce the European Union's reliance on Russian energy, and to reduce the EU member states' overall demand for natural gas.
This has been stated in the annual report published by the joint EU-US Task Force on Energy Security, which presents its accomplishments and outlook for the future.
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Business News
April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.