US Edition
LNG Stocks Rise After European Union Agrees to Massive U.S. Energy Purchases
- On Sunday, the European Union and the United States signed a trade deal committing to $750 billion in U.S. energy purchases, with a 15% import tariff on EU exports.
- Amid sweeping sanctions over its war in Ukraine, the European Union aimed to curb Russian energy imports, with Ursula von der Leyen saying the deal would help reduce dependence on Russia.
- European Commission President Ursula von der Leyen noted that the deal aims to diversify energy sources, with purchases of US energy products contributing to Europe's energy security, including a 15% import tariff on EU exports.
- Venture Global and Cheniere Energy stocks climbed more than 1% and about 4%, while August Henry Hub futures dipped roughly 2%.
- Despite the headline figures, analysts cautioned that the $750 billion framework may be more aspirational than assured.
17 Articles
17 Articles
Energy experts have reservations about the trade agreement between the United States and the European Union. They believe the European commitment to purchase $750 billion (€647 billion) worth of energy from the US over three years is completely unrealistic. That's $250 billion (€215 billion) per year. Figures from 2024 show that US energy exports won't even reach $250 billion.
According to Trump, the EU is expected to buy US oil and gas for 250 billion dollars a year – currently it's only 75 billion. Can this work?
U.S. LNG Stocks Climb as EU Pledge Boosts Long Term Demand
U.S. liquefied natural gas exporters pushed higher Monday following the European Union’s announcement of a $750?billion energy purchasing framework for the next three years, heavily focused on LNG. But signals from natural gas futures and producers like EQT suggest near-term sentiment is more cautious than heady. Cheniere Energy (LNG)—America’s flagship LNG exporter—rose about 1.7%, trading at $229.23, as renewed optimism over long-term European…
Turns out that there is a business case for exporting LNG to Europe
From Resource Works By Geoff Russ The EU-US trade deal includes provisions for American energy exports, including LNG that Canada could have supplied. Canada must not make the same mistakes in the Pacific. The trade deal signed between the European Union and the United States is a slap in the face for Canadian energy. American oil, natural gas, and even nuclear fuel, are now slated to flow across the Atlantic to European buyers, as the bloc push…
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