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U.S. Strikes Deal to Help Europe Replace Russian Gas Imports

  • Biden, EU’s von der Leyen to announce deal Friday morning
  • EU to cut energy reliance on Russia after invasion of Ukraine
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WATCH: Officials in Brussels say they are ready to announce a deal with Washington to replace Russian gas imports.Source: Bloomberg 
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A political deal between President Joe Biden and the European Union will pave the way for additional imports of liquefied natural gas from the U.S. to help the bloc replace Russian imports of the fuel, a senior EU official said.

Biden, who joined EU leaders at a summit in a bid to showcase a common resolve against the Russian invasion of Ukraine, will announce the agreement together with European Commission President Ursula von der Leyen on Friday morning, according to the official. LNG imports from Russia, the EU’s biggest energy supplier, stood at around 14 billion to 18 billion cubic meters annually in the past years.