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Biden, EU pledge to step up efforts to avert energy shortage if Russia invades Ukraine

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Biden, EU pledge to step up efforts to avert energy shortage if Russia invades Ukraine

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The Biden administration and the European Union said Friday they were working together to prepare for a possible shortage of natural gas if Russia invades Ukraine.

In a joint statement by President Biden and European President Ursula von der Leyen, the two leaders said they were “scaling up” their efforts to ensure the availability of reliable and affordable energy.

“The United States and the EU are working together toward a continuous, sufficient, and timely supply of natural gas to the EU from diverse sources around the world to avoid supply shocks, including those that could result from a new Russian invasion of Ukraine,” he added. statement said.

They also called on energy companies and the world’s major energy producers to increase production to ensure “global energy markets are stable and well supplied”.

Further discussions are expected at the US-EU Energy Council meeting next week.

Fears of a fuel shortage if Russia attacks Ukraine have rocked both sides of the Atlantic. Russia, whose energy companies supply about a third of the natural gas used by Europe, could militarize its natural gas supplies in the event of war or if the West imposes harsh sanctions on Moscow.

A senior administration official told reporters on Tuesday that the United States and EU are engaged in “contingency planning” if a Russian invasion damages Europe’s natural gas infrastructure or if the Russian President Vladimir Putin is responding to sanctions by cutting off gas supplies to European countries.

“We have analyzed the impacts of potential disruptions, and we will work to ensure Europe has alternative energy supplies,” the official said in a conference call with reporters.

The official said the United States was exploring emergency options to redirect and increase gas supplies to different parts of the world, but declined to name specific countries and companies with which the United States has engaged. , citing the “sensitivity” of the talks.



Biden, EU pledge to step up efforts to avert energy shortage if Russia invades Ukraine

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