According to The Telegraph, Prime Minister, Rishi Sunak plans to announce a major energy deal between the UK and the United States after the COP27 top in Egypt. The energy crisis, sparked by Vladimir Putin’s invasion of Ukraine, has led the UK to try to negotiate energy deals with other countries amid blackout warnings.
A deal with the US has been on the table for months and now talks on the “energy security partnership” have reached their final stage.
According to the paper, former Prime Minister Liz Truss was in talks with President Joe Biden about the agreement and it was hoped the package would be announced on October 21.
However, Truss’ resignation saw the announcement plan scrapped and recaptured by Sunak.
It is hoped that the partnership will see the US sell billions of cubic meters of liquefied natural gas to the UK in the coming year.
Rishi Sunak’s presence at the climate change summit prompted him to urge world leaders to “honor” their pledge to tackle climate change.
Meanwhile, former Prime Minister Boris Johnson encouraged leaders to push ahead with their net-zero ambitions.
The details of the new energy alliance with the US will be revealed after Sunak’s visit to Egypt.
Despite the conflicting message from COP27 and a new fossil fuel import agreement, the threat to the UK’s energy security is seen as a pressing issue that the US partnership will address.
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According to sources in the UK, it is hoped the deal will bring 10 billion cubic meters of liquefied natural gas to the UK and broaden its scope to renewables as well.
The EU has secured 15 billion cubic meters from the US and the energy partnership will be hailed as a positive step in moving away from important Russian energy.
With Brexit Britain’s ability to close a greater number of deals since it left the EU, the UK is also in talks with Norway and Qatar to strike an even bigger energy deal than the one with the US.