UK cuts deal with US for LNG to help get through winter without Russian fuels

Rishi Sunak
Britain’s Prime Minister Rishi Sunak, speaks during the COP27 U.N. Climate Summit, in Sharm el-Sheikh, Egypt, Monday, Nov. 7, 2022. (AP Photo/Nariman El-Mofty) Nariman El-Mofty/AP

UK cuts deal with US for LNG to help get through winter without Russian fuels

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British Prime Minister Rishi Sunak is slated to announce an energy partnership with the United States this week to allow his country to secure more liquefied natural gas, or LNG, from American sellers to help Britons avoid staggering high prices and a supply crisis this winter.

The U.S. is planning to sell 10 billion cubic meters of LNG to the United Kingdom over the coming year, the Telegraph reported, in an effort to help ease the pain caused by Russia’s gas cutoffs.

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Earlier this year, the U.S. separately agreed to supply 15 bcm of natural gas to the European Union to help it transition off Russian supplies.

Sunak used a portion of his remarks at the United Nations Climate Change Conference to talk about the new deal, with final details expected within the next two weeks.

Sunak said Russian President Vladimir Putin’s actions will only serve to make the transition to clean energy even faster for the rest of the world.

“[Putin’s] abhorrent war in Ukraine and rising energy prices across the world are not a reason to go slow on climate change — they are a reason to go faster,” Sunak said.

In addition to the LNG, the new U.S.-U.K. deal is also expected to contain a pledge for the two countries to work together on developing nuclear power projects, such as small modular nuclear reactors.

The partnership comes as Sunak and his government are also looking to import more LNG from export powerhouses Norway and Qatar to help alleviate the crunch.

Though exact details of the final U.S. agreement are not immediately known, leaders have described it as a new “energy security partnership” that’s critical to Britain in its first winter without Russian fossil fuels.

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The joint agreement is meant to help stop Britain’s energy grid from being knocked offline by the extreme temperatures this winter.

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