The US is set to export at least 9-10 bill cu m of LNG next year to UK terminals.
This is more than double the volume handled in 2021 and will capitalise on the UK’s import infrastructure.
Following a meeting between US President, Joe Biden and UK Prime Minister, Rishi Sunak, at G20 earlier this month, a new ‘UK-US Energy Security and Affordability Partnership’ was formed.
This will drive solutions to reduce global dependence on Russian energy exports, stabilise energy markets and step up collaboration on energy efficiency, nuclear and renewables, the two Governments said.
It will be steered by a new UK/US Joint Action Group, led by senior officials from the UK and the White House.
UK officals said that this will be good for both for the country and its European partners, as it seeks to replenish gas storage next year. To fulfil this shared objective, both governments will work to pro-actively identify and resolve any issues faced by exporters and importers.
It was not clear where the LNG would be sourced from.
Both parties said that they will also work to reduce global reliance on Russian energy by driving efforts to increase energy efficiency and supporting the transition to clean energy, expediting the development of clean hydrogen globally and promoting civil nuclear as a secure use of energy.
Prime Minister Sunak said: “Together the UK and US will ensure the global price of energy and the security of our national supply can never again be manipulated by the whims of a failing regime.
“We have the natural resources, industry and innovative thinking we need to create a better, freer system and accelerate the clean energy transition. This partnership will bring down prices for British consumers and help end Europe’s dependence on Russian energy once and for all,” he claimed.
