l n g until 2030. and if we look at that, this amount, 50 b c m per year is replacing one 3rd already of the russian gas going to europe to day. so we're right in on track now to diversify away from russian gas and towards our friends and partners, reliable and trustworthy suppliers. we need to secure our supplies, not just for next winter, but also for the years ahead. and this is a, an important, a big starting point to do that. our partnership aims to sustain us through this war, to work on our independence from russian fossil fuels. but it also focuses on building a green future with climate utility. we will work together also with our energy intensive industry. and the good news is that the infrastructure that we use for gas to day can be used for clean hydrogen in the future. so this investment we're doing right now is also an investment in the de carbonized of our economy. the corporation shows the power of our democracies. i particularly welcome that we will step up our respective action on str

where is l n g liquefied natural gas going to come from? i mean there is, of course, a number of sources cut off among them the u. s. australia. so there is already a number of or quite some allergy capacities out. there is just so far. asia is in pay, importing, the bulk of it and the capacities in europe in comparison are relatively small. and karen, as this conflict is nowhere from being resolved right now. and obviously there are a lot of issues at stake here. outline for us, your vision of how energy security will, will be managed in the coming years. i mean, in the coming years i would say ok. press the button on the renewables because this has been lagging and germany, but that has been the aim all along for last year. and then combine that with a more diversified and secure energy, especially energy input that would require on the one hand, of course, for example, building you terminals in germany, but also other locations, but also improve the connectivity within europe within the gas grid. because so far, i mean there's capacities

where is l n g liquefied natural gas going to come from? i mean there's, of course, a number of sources cut off among them the u. s. australia. so there is already a number of, or quite some allergy capacities out. there is just so far. asia is in pate importing, the bulk of it and the capacities in europe in comparison are relatively small. and karen, as this conflict is nowhere from being resolved right now. and obviously there are a lot of issues at stake here. outline for us, your vision of how energy security will, will be managed in the coming years. i mean, in the coming years i would say ok, press the button on the renewables because this is been lagging in germany, but that has been the aim all along for last year. and then combine that with a more diversified and secure energy, especially energy input that would require on the one hand, of course, for example, building new terminals in germany, but also other locations, but also improve the connectivity within europe within the gas grid. because so far, i mean there's capacities f

where is l n g liquefied natural gas going to come from? i mean there is, of course, a number of sources cut off among them the u. s. australia. so there is already a number of or quite some allergy capacities out. there is just so far. asia is in pay, importing, the bulk of it and the capacities in europe in comparison are relatively small. karen, as this conflict is nowhere from being resolved right now. and obviously there are a lot of issues at stake here. outline for us, your vision of how energy security will, will be managed in the coming years. i mean, in the coming years i would say ok. press the button on the renewables because this has been lagging and germany, but that has been the aim all along for last year. and then combine that with a more diversified and secure ellen g, especially energy input that would require on the one hand, of course, for example, building new terminals in germany, but also other locations, but also improve the connectivity within europe within the gas. great, because so far, i mean there's capacities

l. n . g project on the cycle environment. and ex model is a partner and operator over another cycle in project which is a very successful and well with, by a near, in technologist and so on and so forth. but nevertheless, they have decided to leave russia. how do you think it's tough enough that the sanctions are unfolding the effect? yes, absolutely. i am convinced that the economy in the oil and gas industry, which is the backbone of the russian economy, is going to suffer because of those companies were bringing advanced, acknowledges a lot of cas know how ah, to russia and the without their commitment to resume projects. i don't saying that the rational production of oil and gas can go ahead and continue. and the, because of the sensors will already see that the appetite of consumers store or some crude oil is shrinking, or russian companies and traders in the rest. and oil cannot sell some consignments of oil. and they discount is very huge for each barrel of russian oil. they are offering over almost $90.00 of discount

the americans will offer an additional 15000000000 cubic meters of l. n. g by year's end. last year they ship 22000000 cubic meters to europe. the u hopes to replace 2 thirds of russian gas imports by year's end. and germany is also racing to reduce its reliance on russian fossil fuels. the government reporting today, it's made progress over the last month. the economy minister now says the country will be able to have it. oil imports from russia by summer. it expects to end to coal in it's co purchases altogether by the fall and by year's end it will import only 30 percent of its gas from russia compared to 55 percent before the war. no germany is going to need more natural gas, not just from the u. s, but also from suppliers and the gulf regions such as guitar. the country with enormous gas river go reserves, but a controversial record on human rights. katara is a top producer of liquefied natural gas, or l. n. g. seen is critical for germany weaning itself off russian imports. but the gulf country is also well known for its stain. human rights record rights groups criti

i mean, what is possible is to some extent to increase the imports off l n g. although there is capacity limits with respect to those imports, there's currently only some limits or some of them, it's not reached in the south of europe. and then it's of course, always the option to re fire up on to reuse more coal, to potentially in germany. let the last remaining nuclear power plants run longer, but the long run option really is to go for a faster expansion off of renewable energy and decrease in demand through energy efficiency measures and the like. and which one do you think is more likely, amid this situation? of crisis right now at the moment, like i said, everybody is mainly concerned about next winter. so the aim will be to actually fill up the gas tanks in the summer. and to assure that for example, alan g, but also pipeline gas is route to germany. so trying to get the contracts in advance, in the medium term, it's going to be the renewables expansion combined with. and that will be the good question because we were counting on natural gas. and so one

we're going to work to ensure an additional 115-1515 1000000 cubic meters of liquefied natural gas l n g. for europe this year. and as the year, as you worked to discontinue it by russian gas, well before 2030 and was we'll also work to ensure additional you market demand for 50000000000 cubic meters rel angie from united states annually by 2030 to accomplish this, the european commission is going to work with the member states to store gas across the continent, to bill more infrastructure to receive l n g and take steps to increase the efficiency of gas. this build out this build out will occur in a way that consist is consistent with not in conflict with the 0 net 0 climate goal we ship with that we're shooting for. it's going to take some time to adjust gas supply chains and infrastructure that is built the last decade before for the last decade. so we're going to have to make sure the families in europe can get through this winter. and the next, while we're building the infrastructure for a diversified, resilient, and clean energy future. at the same time, this crisis also presents a

will sent 15000000000 cubic meters of l. n. g this year, on top of the 22000000000 cubic meters, it ships to europe in terminals last year. you hopes to replace 2 thirds of russian gas imports by year's end, germany for its part says its plans to ditch russian energy are progressing. it expects to import only 30 percent of its gas from russia this year compared to almost twice that before the invasion of ukraine. jimmy says it wants to shift his energies of supply towards imports from more like minded countries. after the invasion began german finance. mister christian lindner said that germany needs trading partners that share similar values is proposing that there be a wider trade deal with the u. s. foot early transacting with countries that share your values drastically reduces your options. of course, a new survey suggest that for the 1st time since 2004, there are more countries in the world that are autocratic. don, democratic now among the autocratic countries. awesome. germany's main trading partners, china, turkey, saud

and the other big issue is the cycling l. n g projects to the north of japan. and, you know, shell and exxon have indicated that they're going to pull out. and, but japanese companies which hold nearly a quarter share in both of those projects are very unlikely to pull out their view here is that if they divest, that's just going to help china. so they're going to hold on to those investments. and i don't think japan is going to be really strong on sanctions on russian energy . russia only counselor about 4 percent of japan's oil imports and about 9 percent of l. n. g. but because of japan's vulnerability i, i think that's going to be a bit wishy washy. now we're looking at a world that is dividing between democracies and autocracies. and i want you to talk to us about that. let me share with you japanese prime minister from the ok sheet as words to the next south korean president tony ema mccook, say, soccer and legit. okay. actually now, you know, as the international community faces a new era of major changes and markins and a healthy japan, south korea rela

where is l n g liquefied natural gas? going to come from? i mean there's of course, a number of sources, cutoff among them the u. s. australia. so there is already a number of, or quite some ellen g capacities out there is just so far. asia is in pay, importing, the bulk of it and the capacities in europe in comparison are relatively small. karen, as this conflict is nowhere from being resolved right now. and obviously there are a lot of issues at stake here. outline for us, your vision of how energy security will, will be managed in the coming years. i mean, in the coming years i would say ok. press the button on the renewables because this has been lagging and germany, but that has been the aim all along for last year. and then combine that with a more diversified and secure elena g, especially energy input that would require on the one hand of course, for example, building new terminals in germany, but also other locations, but also improve the connectivity within europe within the gas. great, because so far, i mean there's capacities fre

where is l n g liquefied natural gas going to come from? i mean there is, of course, a number of sources cut off among them the u. s. australia. so there is already a number of for quite some allergy capacities out. there is just so far. asia is in pay, importing, the bulk of it and the capacities in europe in comparison are relatively small. and karen, as this conflict is nowhere from being resolved right now. and obviously there are a lot of issues at stake here. outline for us, your vision of how energy security will, will be managed in the coming years. i mean, in the coming years i would say ok, press the button on the renewables because this has been lagging in germany, but that has been the aim all along for last year. and then combine that with a more diversified and secure energy, especially energy input that would require on the one hand, of course, for example, building new terminals in germany, but also other locations, but also improve the connectivity within europe within the gas grid. because so far, i mean there's capacities

like south korea, japan, china, and india, all of whom are already buying an awful lot of good tarry l. n. g, who might have some left over in the european commission is already trying to persuade them to handle some of that laughter rollin g to europe. what about the u . s. has been on the board of russian fossil fuel. is that significant? well, joe biden caught it, striking it the main artery of the russian economy, which it is, but it's not significant. it would be if your parents are doing it in the u. s. gets 8 percent there are thereabouts of it's petroleum products from russia. so, you know, it can make up for that, the u. s. is one of the world's biggest or producers in its own right. so it needs to be importing that, but it's a big deal for the americans because already that's in very, very high prices of petro pumps, americans, you know, every day of feeling the impact of the existing problems. and that is something that is only going to get worse, but j barnes describe that is one of the costs of defending democracy. well, but all of this comes at a time that europe was trying to

it will boost its l. n. g shipments to the e by 15000000000 cubic meters this year with further supply increases on the way it's a step in the right direction. but pivoting the use energy mixed to the west is a mammoth task. it's not going to be easy. that's for sure, and the you has a plan at the re power. you went to be important how we combine our efforts in the sense of how each countries work together in relating to these new suppliers, for example. and that teamwork will be critical if the e was to reach its goal of completely phasing out russian gas deliveries by the end of the decade. rising gas prices are behind one of the biggest challenges facing japanese economy inflation. the german council of economic experts latest forecast includes a prediction that inflation will top 6 percent this year as more than double its previous estimate. the war and ukraine is making many goods, boss, gas and shoppers can't help, but notice the difference. no more. sunflower, oil, germans are panic, buying groceries as

where 1st you would have to be to build l n g terminal. even in the area will be very hard to replace natural gas from russia by l. n. g, because the coastline is about 600 to 800 kilometers away. and therefore it's a long term development. and what is also very, very important to notice is that the signal that the u. s. giving to russia that they want to stop the gas supplies from russia already in 2 years time. and not only by the end of 2030 shows to russia that they do not even have to care much about future contracts with the e u. they can go full speed toward south asia, east asia, with new partnership, and leave you alone. and this will only, we can ask, so we have to think twice, whether there was a sanctioning bashers to what russia are really in the interest of europe, in the interest of the european citizen. and not only in the interest of the trans atlantic lead to which, unfortunately, also part of our government belongs the green party, hardback energy, mis minister, a bad bulk of foreign minister. they both see themselves as

and in addition to the baltic pipeline, poland still has the option of liquefied natural gas, or l n, g. adding further flexibility and above all, independent from russia. and you should also see that the pipe is also, let's say, a parallel project to the expansion of the l g port terminals. so in the future, main supply supposed to come from l. e or from the 40 pipe germany and the netherlands already purchased natural gas from norway. now poland and other eastern european countries adjoining in irvin, it's not when the polish pipeline is added. there will be more competition for norwegian gas. norway itself is in planning to raise production significantly in the next few years. but this must be reassessed in view of the current supply situation in europe us. and the issue with russian supplies, illinois. together. the cars in europe's energy market are being re shuffled and it looks as if the continents heavy dependence on rushing pipelines is set to change. it's not just russian and international energy markets that are intertwined, especially in germany's east. more than a few manuf

and in addition to the baltic pipeline, poland still has the option of liquefied natural gas or l n. g, adding further flexibility and above all, independent from russia. and you should also see the arctic part is also, let's say a parallel project to the expansion of the l g in port terminals. so in the future, main supply supposed to come from l. e, or from the 40 part germany and the netherlands already purchase natural gas from norway. now poland and other eastern european countries are joining in irvin. it's not when the polish pipeline is added. there will be more competition for norwegian gas. norway itself is in planning to raise production significantly in the next few years. but this must be reassessed in view of the current supply situation in europe us. and the issue with russian supplies on either the other. the cars in europe's energy market are being re shuffled and it looks as if the continents heavy dependence on russian pipelines is set to change. it's not as russian and international energy markets that are intertwined, especially in germany's east, more than a few m

in the russia, nevertheless, the company has decided to leave and shell is job rate or over us 1st l n g project on the cycle environment. and ex model is a partner, an operator over another cycle in project, which is a very successful and well with bio knitter in technology and so on and so forth. but nevertheless, they have decided to leave russia felon. do you think it's tough enough that the sanctions are unfolding the effect? yes, absolutely. i am advanced that the economy in the oil and gas industry, which is the backbone of the russian economy, is going to suffer because of those companies were bringing advanced, acknowledges a lot of cas know how ah, to russia and the without their commitment to rest some projects, i don't think that the rest of the production of oil and gas can go ahead and continue and the, because of the sense as we'll see, that the appetite of consumers store us and crude oil is shrinking a russian companies and traders in the rest. and oil cannot sell some consignments of oil and they discount is very huge for each barrel of ration oil. they are offering ove

where is l n g liquefied natural gas going to come from? i mean there is, of course, a number of sources cut off among them the u. s. australia. so there is already a number of or quite some allergy capacities out. there is just so far. asia is in pate importing, the bulk of it and the capacities in europe in comparison are relatively small. karen, as this conflict is nowhere from being resolved right now. and obviously there are a lot of issues at stake here. outline for us, your vision of how energy security will, will be managed in the coming years. i mean, in the coming years i would say ok. press the button on the renewables because this has been lagging and germany, but that has been the aim all along for last year. and then combine that with a more diversified and secure elena g, especially energy input that would require on the one hand of course, for example, building new terminals in germany, but also other locations, but also improve the connectivity within europe within the gas. great, because so far, i mean there's capacities f

steel shows is shows a sign of unity and they have 15000000000 cubic meters of liquid natural gas l n g is and not a lot when it comes to the amount of gas that a rush added. lloyd to the european union, but it is also not nothing. while the ellen hanging from the usb enough to replace rush and gas supplies. no, the answer is very simple. no, definitely not because it's only 110th of the amount that are of the russian guest that you usually address at delivery to the european union, a 155 cubic meters per year and 2021. so it's only a drop, a simple, but it's a start. and also the us said there will deliver more liquid natural gas on lot longer term. and also that you're looking at other sources of liquid natural gas. for example, a germany of the german, a business early economist minister travelled to cut tar to strike a deal there. then. but there are also other problems, for example, there not enough terminals in the european union yet to, to get liquid natural gas. so it's something that will have to be built in the coming months and years. i in conclusion, marina, there are a lot

the us has agreed to rapidly boost shipments of liquefied natural gas, or l. n. g to the european union this year. as part of efforts to win the block off russian fuel, the announcement came during president joe biden to visit to brussels. the u. s. will offer an additional 15000000000 cubic meters of elegy and 2022. last year they ship 22000000000 cubic meters to the u. the block hopes to replace 2 thirds of russian gas imports by year end. germany friday said its plans to ditch russian energy are progressing. it expects to import only 30 percent of its gas from russia this year compared to almost twice that before the war. now to do that, that you will need more natural gas, not just from the u. s, but also from suppliers in the gulf region, such as guitar. the country with enormous gas reserves, but a controversial record on human rights. katara is a top producer of liquefied natural gas, or ellen gee seen is critical for germany weaning itself off russian imports. but the golf country is also well known for its stain human rights record rights groups criticized

has agreed to rapidly boost shipments of liquefied natural gas, or l n. g to the european union this year, as part of efforts to win the block off russian fuel. the announcement came during president joe biden's visit to brussels. the u. s. will offer an additional 15000000000 cubic meters of elegy and 2022. last year they ship 22000000000 cubic meters to the u. the block hopes to replace 2 thirds of russian gas imports by year end. germany friday said its plans to ditch russian energy are progressing . it expects to import only 30 percent of its gas from russia this year compared to almost twice that before the war. now to do that, that you will need more natural gas not just from the u. s, but also from suppliers in the gulf region such as guitar. the country with enormous gas reserves, but a controversial record on human rights guitar. as a top producer of liquefied natural gas, or ellen, g scene is critical for germany weaning itself off russian imports. but the gulf country is also well known for its stain. human rights record rights groups criticize t

s. side, because essentially they are producing a good deal of l n g. and they are able and willing to divert it to the highest bidder. in other words, this is definitely going to have an effect on the market and on prices. the prices of fossil fuels have been sor ring as we have seen. and we can certainly expect them to continue to do so, but it's obviously key for europe to when itself, off a russian natural gas, which until now has been about 40 percent of you gas overall. and for 2 reasons. number one, to avoid sending revenues to what president soleski of ukraine has called president putin war machine. and secondly, to start making themselves more independent from russia, in case of an energy embargo on russian fossil fuel imports. and that could come not only from the you itself at the moment e u member states are blocked. some of them want an embargo. others are dragging their feet including germany. but it could also come from the russian side, for example, in the form that we're currently seeing suggested that president putin has said that unfr

it's 55 percent of all gas uses, coming from russia alone, via pipeline we're, we're talking about as l n g that has to be transported by ships. and it's best if there are specific terminals in your country until then the energy is going to have to come into the you network and it was hard to get into germany. so it's complex and it's a long way of saying that, no, this isn't going to be a solution, but the same time germany knows that it has to find a solution. the biggest threat, the best concern is that russia turns off the gas immediately on its own. but then in the long term, of course, there has to be something that, that gets to that point where you can, you can have the same kind of gas as you go over to renewables. so you're talking about long term contracts there. this implies that this is going to be a multi year relationship. how does that sort of align with germany? is climate goals which don't include having natural gas, other fossil fuels in the next? the do include having natural gas with certain point. the idea is that by 2045, germany is going to be climate neutral. and wh

and the other big issue is the cycling l. n g projects to the north of japan. and you know, shell and exxon have indicated that they're going to pull out. and, but japanese companies which hold nearly a quarter share in both of those projects are very unlikely to pull out. their view here is that if they divest, that's just going to help china. so they're going to hold on to those investments. and i don't think japan is going to be really strong on sanctions on russian energy . russia only counselor about 4 percent of japan's oil imports and about 9 percent of l. n. g. but because of japan's vulnerability i, i think that's going to be a bit wishy washy. now we're looking at a world that is dividing between democracies and autocracies, and i want you to talk to us about that. let me share with you japanese prime minister from the ok sheet as words to the next south korean president tony ema mccook, say, soccer and legit. okay. actually now, as the international community faces a new era of major changes and mackenzie, a healthy japan, south korea relationship is

were going to work to ensure an additional 115-1515 1000000 cubic meters of liquefied natural gas l n g. for europe this year. and as a year, as you worked to discontinue it by russian gas well before 2030 and was, will also work to ensure additional you market demand for 50000000000 cubic meters . rowan g from united states annually by 2030 with almost half of the ears, natural gas coming from russia. the european commission president said it sends a clear message that europe won't help fuel russia's warren. mister president, the jo, this war will be a strategic failure for putting so we want as europeans to diversify away from russia towards suppliers that we trust that our friends and that are reliable. on thursday western powers gathered in brussels for back to back meetings of nato, the e u. n. g 7. dropping the agenda, confronting the unprecedented threat to europe, stability and the unpredictable aggression of russia's war against ukraine. nato's chief reaffirmed his support for ukraine and a response if russia deployed a nuclear or biological attack, our top military commander,

the americans will offer an additional 15000000000 cubic meters of l. n. g by year's end. last year they ship 22000000 cubic meters to europe. the u hopes to replace 2 thirds of russian gas and ports by year's end. and germany is also racing to reduce its reliance on russian fossil fuels. the government reporting today, it's made progress over the last month. the economy minister now says the country will be able to have it. oil imports from russia by summer. it expects to end to coal end. it's co purchases altogether by the fall and by years and it will import only.

has announced it will boost its l. n. g shipments to the ear by 15000000000 cubic meters this year with further supply increases on the way it's a step in the right direction. but pivoting the use energy mixed to the west is a mammoth task. it's not going to be easy, that's for sure. and the you have a plan at the re power e. you went to be important how we combine our efforts in the sense of how each country's work together in relating to these new suppliers, for example. and that teamwork will be critical if the e was to reach its goal of completely phasing out russian gas deliveries by the end of the decade. over to the u. s. now where new figures are flushing out the country's economic recovery in 2021. the world's largest economy growing 5.7 percent across year, the fastest rate of growth and almost 4 decades. and for more on that we go to gens corta on wall street. yes. torrid growth in 2021. what might expect that to continue this year? what, what can we expect now? well, i mean, most economists definitely believe th

this is mainly l. n, g, and pipeline gas. and both have the advantage that the infrastructure is overtime hydrogen compatible. and what's not just the flow of natural gas from russia to europe, that is proving problematic. moscow also has control over some european storage facilities for the communities around these sites. it's becoming a source of unease. mayer hands, peter, has, can looks out his office window at one of the largest gas storage facilities in europe. it's operated by a gas problem subsidiary, and yet government, northern germany, gas exports are a key source of income for the kremlin. and it's war jewish desert, dessert intrigue of with thousands of people are dying right now in this war. and that means ultimately we here in germany and in this community are paying for it. so i don't think anyone here still stands behind this company mind in knowing that his modem emerged it. the natural gas is piped in from russia and is stored in salt dome's deep under ground. what especially a noise the mayor is that the v

we're building new l n g terminals and working on interconnect us. but in the long run, it is our switch to renewables and hydrogen that will make us surely independent. we have to accelerate the green transition because every kilowatt hour of electricity, europe generates from solar, wind, hydro power or biomass reduces our dependency on ration gas and other energy sources. this is a strategic investment and my hon. members. this isn't strategic investment because on top less dependency on russian gas and other fuel fossil fuel sources also means less money for the kremlin war chest. this is also a truth. we are resolute. you can rise up to the challenge. the same as to one defense, european security and defense has evolved more in the last 6 days than in the last 2 decades. most member states have promised deliveries of military equipment to ukraine. germany announced that it will meet the 2 percent goal of nato. as soon as possible and our union for the 1st time ever, is using the european budget to purchase and deliver military equipment to count