After the COP27 summit of climate change, British PM Rishi Sunak is all set to proclaim a major natural gas agreement with US, Telegraph Newspaper confirmed about this news on Monday.
The United States of America has promised to deliver nearly about 10 billion cubic metres of LNG (liquefied natural gas) to Britain. Sources confirmed that the deal is in its final stage and will be executed in a week or two.
Former this year, United States decided to deliver 15 billion cubic metres of LNG to European Union to cope up with the energy crises which arises due to invasion between Russia and Ukraine.
Until 2025, the production ability of US supplying more fuel will enhance modestly as and when three new plants will become fully operational.
In current months, the prices of gas in wholesale soars as and when economy revives after stringent lockdowns. Furthermore, mounting demand of LNG in Asia lowers down the supply of liquefied natural gas to Europe.
Moreover, there are nearly 12 British suppliers of energy which distorted this year thereby affecting more than 2 million users.