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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Political News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.