US EditionEU’s $750 Billion Pledge for U.S. Energy Imports Faces Steep Hurdles
10 Articles
10 Articles
The EU has to explain a lot since it agreed to buy energy in the US for a lot of money, because it is completely unclear whether the 750 billion deal is actually coming. By Christian Feld. [more]]>
EU’s $750 billion pledge for U.S. energy imports faces steep hurdles
The European Union agreed to buy $750 billion in U.S. oil and gas to avoid a trade clash with President Donald Trump, but analysts say supply limits and logistical barriers make the goal unattainable.Victor Jack reports for POLITICO.In short:The EU currently imports about €76 billion in U.S. energy annually and would need to triple purchases, displacing cheaper suppliers like Norway.U.S. oil and gas exports total about $166 billion a year, far b…
For a general duty of 15% on goods exported to the US, the EU has promised to buy 750 billion dollars in American energy products in 3 years and invest 600 billion dollars in the United States
The most important questions and answers to Europe's commitments in the customs deal with the US.
EU–US trade deal risks derailing Europe’s decarbonisation efforts
As the European Commission hails its new EU–US trade deal as a win for transatlantic ties and economic stability, green groups are sounding the alarm. The European Environmental Bureau (EEB), Europe’s largest network of environmental NGOs, warns that the centrepiece of the deal, a €700 billion pledge to buy U.S. fossil fuels and nuclear energy over the next three years, is fundamentally incompatible with the EU’s 2030 climate targets. Luke Haywo…
EU Promised to Buy $750 Billion of US Gas, But Is It Realistic?
The EU has committed to spending $250 billion annually for three years on US energy imports, including nuclear, liquefied natural gas, and oil. The EU has managed to avoid a full-blown trade war with US President Donald Trump by promising to buy $750 billion worth of US gas and oil by the end of his term. However, it would be a challenge to accomplish as it would require rerouting most of the US energy exports to Europe, and the EU would have li…
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