US-EU gas deal: has US offered particularly favorable conditions?

The Politicus
Mar 29, 2022 08:02 AM 0 Answers
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One of the major results of the President Biden's latest visit to Europe is signing of the US-EU gas deal, aiming at reducing European dependence on the Russian gas exports: see, e.g., EU signs US gas deal to curb reliance on Russia.

My understanding is that previously EU was reluctant to buy American gas due to its higher cost compared to other sources (notably the Russian supply) and the high cost of the infrastructure investment required for importing liquified gas.

The EU economy is already more than the US affected by the sanctions imposed on Russia, and this move is likely to add to this strain. Has the US offered particularly beneficial conditions to ease this transition and thus share the burden?

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  • March 29, 2022