The United States will continue to supply Europe with liquefied natural gas at low prices, US Energy Secretary Chris Wright said today, quoted by Reuters, BTA reports.
„Can we continue to supply Europe at very low prices? "Absolutely, and for a long time," Wright said at a conference in Paris organized by the French Institute of International Relations.
The US Energy Secretary also commented on the carbon offset mechanism for imports of certain goods into the EU, saying it would make exporting gas to Europe too risky.
“The sanctions associated with (this mechanism) would make exporting natural gas to Europe too risky”, Wright stressed.
The Carbon Border Adjustment Mechanism (CBAM) applies to certain imported goods into the EU, including steel and cement. It does not apply to imports of gas or liquefied natural gas, Reuters specifies.
The CBAM is a climate tool to prevent carbon leakage. This shift occurs when carbon costs lead to the relocation of industry from the EU to non-EU countries or when imports from these countries replace low-emission EU products.
Speaking of climate measures at the international level, Rhein warned that if the International Energy Agency (IEA) insists on such measures, the US will not participate, adding that Washington does not need the organization's proposed zero-emission scenario. He stressed that Washington is still not satisfied with the changes made so far by the IEA.
On nuclear energy, Wright said that uranium enrichment in the US would be resumed, partly with partners from France.
The French nuclear fuel company “Orano“ (Orano) in January received $900 million in funding from the US Department of Energy to help “build a uranium enrichment facility“ in the state of Tennessee.