WASHINGTON (REUTERS) – United States and German authorities officials will meet in Berlin this week with power business executives to talk about methods to enhance Germany’s power supplies, as Russia’s struggle in Ukraine ratchets up stress on Europe to discover alternate sources of power.
The roundtable, to be led by the US Commerce Department, will embrace executives from liquefied pure fuel suppliers and hydrogen power corporations, a US official acquainted with the plans mentioned.
Germany, which receives simply over 50 per cent of its power supplies from Russia, had already been transferring to lower its reliance on fossil fuels, however the struggle, which Russia calls a “special military operation”, has compelled Berlin to speed up these plans.
US President Joe Biden, throughout his current European go to, promised that the US would assist provide 15 billion cubic metres (bcm) of liquefied pure fuel (LNG) to Germany and different European Union markets this 12 months, as Europe seeks to wean itself off Russian fuel supplies.
The quantity is equal to the amount of LNG supplies that Russia sends to Europe every year. US officials have given few particulars on the efforts, together with how a lot of the extra quantity would come from US manufacturing or by means of diverting cargo headed to Asia or different non-European nations.
The US and European Union additionally introduced they’d create a activity drive to assist meet the targets.
Industry executives and officials from each governments are hoping to map out a collection of choices on the roundtable on Thursday, however it was unclear if any important contracts could be signed, the US official mentioned.
“Industry moves at a different speed than government, so we’ll see,” the official mentioned. “At least we’ll start the talks.”
The White House mentioned it will search to enhance LNG exports out of the US, whereas additionally shifting to extra climate- pleasant merchandise like hydrogen, wind and photo voltaic.
One US-based LNG business supply mentioned White House officials had informed them that particulars in regards to the plan’s implementation had been nonetheless being labored out.