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.
For comments and feedback contact: editorial@rttnews.com
Political News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.