US Energy Secretary Rick Perry has met with his Russian counterpart, Alexander Novak, where he said the US and Russia could work together, as market leaders, towards the goal of market stability.
The leaders of two of the world’s top producers of oil and gas discussed increasing stability in the global energy market, transparency and sustainability during the meeting. Although Perry also used the opportunity to express his dismay and concern over Russian attempts to infiltrate America’s electricity grid.
A statement released by the Department of Energy said: “Secretary Perry made clear that while the United States welcomes competition with Russia in energy markets across Europe, Asia and elsewhere, Moscow can no longer use energy as an economic weapon. The United States is now in a position to offer these nations an alternative source of supply.”
Earlier this week, the Energy Information Agency (EIA) proclaimed the US as the world’s biggest oil producer as its production outstripped that of Russia for the first time since 1999.
Earlier this year, US President Donald Trump launched a public attack on the Nord Stream 2 project that would provide a direct link for Russian gas across Europe, calling for the continent to reduce its reliance on Russia for energy supplies.