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Energy

United States of America

EU-US cooperation on energy issues

The EU and the United States of America (US) are key allies. The EU and the US economies represent 780 million people and together account for about half the entire world Gross Domestic Product (GDP) and for nearly a third of world trade flows.

The EU and the US have a long-standing cooperation on energy and climate, and the shared climate neutrality objective is an opportunity to further reinforce that cooperation. At the EU-US summit on 15 June 2021, both parties agreed to accelerate a climate-neutral future, ensure a just transition that leaves no one behind, and to lead by example through becoming net zero greenhouse gases economies no later than 2050.

EU-US Energy Council

The energy cooperation between the EU and the US was enhanced with the creation of the EU-US Energy Council in 2009. Key areas of cooperation include

  • energy policy
  • energy security and markets
  • cooperation in clean and renewable energy technologies

The Energy Council is chaired by the EU High Representative of the Union for Foreign Affairs and Security Policy and Vice-President (HRVP), and the EU Commissioner for Energy, the US Secretary of State and the US Secretary of Energy. A representative from the rotating EU Presidency also participates.

The most recent Energy Council was hosted by the US on 7 February 2022 in Washington D.C.. HRVP Borrell and Commissioner Simson participated with US Energy Secretary Granholm and Secretary of State Blinken, representing the US.

Joint press releases of the ministerial meetings:

EU-US Liquefied Natural Gas (LNG) trade

In 2018, the presidents of the US and the European Commission agreed to strengthen the EU-US strategic cooperation on energy and to facilitate trade in liquefied natural gas (LNG).The Commission issued a press release on 9 August 2018 detailing the increasing volumes of LNG arriving in the EU since the first US delivery to Portugal in April 2016.

On 25 March 2022, the two presidents met in Brussels and agreed to work together to support Europe’s energy security and to reduce its energy dependency on Russia. The LNG import from the US was 22 billion cubic metres (bcm) in 2021 and at the meeting, the US ensured volumes would increase by at least 15 bcm in 2022. By the end of August, the EU’s LNG import from the US had already reached 40 bcm.  

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