Explorer

US natural gas exports to offer hedge against Russia: Rick Perry

Washington D.C. [USA], June 10 (ANI): The United States shipping of Liquefied Natural Gas overseas is an act to confront economic aggression and to decrease Russia's leverage as Europe's dominant gas supplier, said Energy Secretary Rick Perry.

The U.S. on Friday delivered the first-ever shipments of its natural gas to northern Europe - Netherlands and Poland.

The Netherlands and Poland both received this cargo from Cheniere's Sabine Pass LNG export terminal in Louisiana.

Perry said in a statement, that Europe has been looking to the United States as a key potential source for energy diversification to decrease Russia's leverage as the region's dominant gas supplier.

"We have all seen energy used as a political tool to hold countries hostage. And that is an act of economic aggression that needs to be confronted. And one of the most important actions we can take is to use our massive shale gas resources to begin shipping Liquefied Natural Gas overseas," he added.

He vowed that Washington will use its energy resources to advance energy security.

The volumes sent to Poland and the Netherlands follow deliveries to southern Europe, including Italy, Malta, Spain, Portugal and Turkey, he noted.

Spain and Portugal have received multiple cargoes, while "Poland has made it clear that U.S. LNG is critical to its efforts to diversify its sources of natural gas" away from Russia, he said.

Perry announced that so far, five billion cubic feet per day of U.S. LNG has been contracted to European-based companies: ENGIE (France), BG (UK), BP (UK), Endesa (Spain), Iberdrola (Spain), Gas Natural Fenosa (Spain), EDF (France), EDP (Portugal), TOTAL (France), and Centrica (UK).

The U.S. is expected to become the world's third-largest LNG supplier by 2020, he said. (ANI)

View More
Advertisement
Advertisement
25°C
New Delhi
Rain: 100mm
Humidity: 97%
Wind: WNW 47km/h
See Today's Weather
powered by
Accu Weather
Advertisement

Top Headlines

Jharkhand Polls: 1.37 Crore Electors Set To Vote In Phase 1; Champai Soren, 6 Ministers Among Candidates
Jharkhand Polls: 1.37 Crore Electors Set To Vote In Phase 1; Champai Soren, 6 Ministers In Fray
Lyricist Arrested For Threatening Salman Khan, Demanding Rs 5 Cr Ransom, Cops Say 'Accused Wanted To Get Famous'
Lyricist Arrested For Threatening Salman Khan, Cops Say 'Accused Wanted To Get Famous'
Now, An Afghan Student To Man Afghanistan Embassy In India
Now, An Afghan Student To Man Afghanistan Embassy In India
Barron Trump: The 'Sleeper Agent' Who Shaped Donald Trump's Victory In US President Election
Barron Trump: The 'Sleeper Agent' Who Shaped Donald Trump's Victory In US President Election
Advertisement
ABP Premium

Videos

Nirmala Sitharaman Announces Game-Changing Collateral-Free Loan Scheme for MSMEsSIP Emerges as a Safe Investment Amidst Market Fluctuations | Paisa LiveTop Banks Offering 8.75% Interest for Senior Citizens: Here’s What You Need to Know!RBI Set to Make a Big Decision on Your EMI: What You Need to Know!
Embed widget