• Ar
  • Es
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Feature
  • Videos
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Feature
Videos
Infographs
In Pictures
  1. Home
  2. News
  3. Europe
  4. McPhie: US has become the leading energy supplier for EU
Europe

McPhie: US has become the leading energy supplier for EU

  • By Al Mayadeen Engish
  • Source: Agencies
  • 8 Nov 2022 18:27

Tim McPhie, the EU's spokesperson for climate action and energy, explains that energy prices are related to the market demand and supply and that there are efforts to develop a process to stabilize the market.

  • US becomes main energy supplier for EU (Getty Images)
    US becomes the main energy supplier for the EU (Getty Images)

Tim McPhie, the EU's spokesperson for climate action and energy, stated on Tuesday that the US has supplanted Russia as the EU's primary gas supplier.
 
During a midday briefing at the European Commission (EC), McPhie noted that "with regards to the volume of gas the US is now our major source of gas imports replacing Russian imports."
 
On March 25, the US and the EC established a joint working group to diversify the supply of liquefied natural gas (LNG) and decrease the demand for natural gas in order to lessen Europe's reliance on energy supplies from Russia. The US-EU Task Force on Energy Security convened and in comparison to 2021, Europe promised to buy 50 billion cubic meters more LNG in 2023.
 
McPhie further added, "As to prices obviously it all depends on the market. We are in the process of seeing whether there is a way to ensure that this arrangement mirrors a stable market context, obviously, this is something that involves industries rather than governments."

Macron calls out US for double standards on gas prices to EU

Earlier in October, French President Emanual Macron called out US "double standards" for selling gas to Europe at prices 3 to 4 times higher than it is sold in the US domestic markets.

"American gas is 3-4 times cheaper on the domestic market than the price at which they offer it to Europeans. These are double standards," Macron stated, adding that "it concerns sincerity in transatlantic trade" and that this issue should be addressed.

"I intend to raise this issue during my visit to the United States in December," the French President said.

Macron's statement comes following a statement made today by the French Foreign Minister Catherina Colonna during her visit to Washington, where she called for maintaining communication channels with Russia, which indicates that France might be seeking a more balanced political position in the global arena.

"We absolutely think it is crucial to keep a channel of communication with those making the decisions in Russia, including President Putin," the French Foreign Minister said at the Center for Strategic and International Studies in Washington.

Read more: UK to strike deal with US to buy LNG: Reports 

  • energy prices
  • US
  • EU
  • US-EU Task Force

Trending Now

All
Russia Ambassador to US: Sanctions will affect well-being of Americans

Russia Ambassador to US: Sanctions will affect well-being of Americans

Most Read

London posts job ad for mercenaries for Ukraine counteroffensive

London posts job ad for mercenaries for Ukraine's counteroffensive

  • Africa
  • 24 May
US seeks to build new military base in Iraq's oil-rich: Sources

US eyes new military base in Iraq's oil-rich region: Sources

  • MENA
  • 23 May
The domestically produced C919 passenger jet flies at the China International Aviation and Aerospace Exhibition in Zhuhai, Guangdong province, Peoeple's Republic of China, 8 November 2022. (Reuters)

China is set to launch first commercial flight on its C919 plane

  • Asia
  • 26 May
UK military members board an A400M aircraft after the US and its allies hastily exited Afghanistan, 28 August 2021. (Reuters)

UK special forces involved in covert operations in 19 countries

  • Europe
  • 23 May

Read this

All
Zelensky drafts bill to sanction Iran for 50 years
Politics

Zelensky drafts law to sanction Iran for 50 yrs over 'baseless' claims

  • Today
Former Prime Minister Boris Johnson gestures during his first Prime Minister's Questions, in the House of Commons in London, Wednesday, September 4, 2019 (AP)
Europe

UK conservatives prodded for true source of party donations

  • Today
A protest in front of the Antioch police headquarters in Antioch, California on  Tuesday, April 18, 2023 (AP)
US & Canada

US Antioch police dept rife with racism, with nearly half involved

  • Today
A shooting at New Mexico biker rally (Facebook)
US & Canada

New Mexico motorcycle rally shootout leaves three killed, five injured

  • Today
Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS