The prime minister says the plan will 'bring down prices for British consumers' by securing supplies.
Citing the war in Ukraine, Mr Sunak and Mr Biden said in a joint statement that it is "more important than ever" for allies to work together to build "resilient international systems".
Nathan Piper, an oil and gas analyst at Investec, said the deal would help to secure gas supplies across Europe, where Russian gas imports are down by more than 80% compared to last year.
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