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(Bloomberg) -- The U.S. and European Union announced an agreement to try and boost the supply of liquefied natural gas to European countries by the end of 2022 with at least 15 billion cubic meters.
Europe is on a tear to reorient its energy markets away from Russian natural gas in response to the war in Ukraine.
Under the agreement, Europe will get at least 15 billion cubic meters of additional LNG supplies by the end of the year.
The US has already been providing more LNG to Europe.
The U.S. and the European Union will push to boost supplies of LNG to European countries by the end of 2022 in a bid to begin to displace some Russian gas, a political framework that now leaves companies to sort out the details.