EU to significantly reduce gas imports from Russia, eyeing the US for supply despite higher prices

On Wednesday, March 23rd, European Commission President Ursula von der Leyen announced EU plans to significantly reduce gas imports from Russia.

Earlier that day, the US President Joe Biden left Washington DC for Europe. During his 4-day trip, Biden will attend an emergency NATO summit, meet with G7 leaders, and address the 27 leaders of the European Union at a session of the European Council.

Carrying a new package of Russia-related sanctions with him, Biden is also prepared to discuss the EU’s energy crisis. According to the top national security adviser Jake Sullivan, helping European countries reduce dependence on Russian energy will be a “substantial topic of conversation” at the meetings.
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The Biden administration said it had authorized additional exports of liquefied natural gas from Cheniere Energy’s, approvals that can likely help Europe deal with an energy crunch worsened by Russia’s war in Ukraine.

The approvals allow Cheniere’s Sabine Pass, Louisiana and Corpus Christi, Texas terminals flexibility to export the equivalent of 0.72 billion cubic feet per day (bcfpd) of #LNG to any country with which the United States does not have a free trade agreement, including all of Europe.
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Putin orders to supply gas to unfriendly countries for rubles only:
(https://youtu.be/lwF1I8ilSe8)