US Edition$750 Billion EU-U.S. Energy Deal Faces Reality Check
UNITED STATES, JUL 29 – The EU's $750 billion energy purchase over three years faces logistical and market hurdles as imports would need to triple current levels, analysts say.
8 Articles
8 Articles
US–EU energy pact may entrench Europe’s fossil fuel reliance
Environmental campaigners warn that Europe’s plan to spend more than $750 billion on U.S. oil and liquefied natural gas (LNG) over the next three years would derail the bloc’s climate goals and leave it vulnerable to price shocks.Louise Osborne reports for Deutsche Welle.In short:President Donald Trump and Commission chief Ursula von der Leyen said the LNG-heavy accord would swap Russian supplies for “more affordable and better” U.S. fuel while …
The EU has promised US President Donald Trump to buy multi-billion-dollar energy products from the US, but the amount of money is absurdly high for experts. Is the deal pure eyewitnesses? And if so, who is cheating on whom?
The European Union will import €700 billion worth of energy from the United States over the next three years. This was agreed upon by the US and the EU in the trade agreement signed last week. Experts say such an investment is impossible. The US exports LNG (liquefied natural gas), oil, and coal. Currently, the EU imports around €65 billion worth of energy from the US annually. To comply with the agreements, the EU will have to import considerab…
$750 Billion EU-U.S. Energy Deal Faces Reality Check
As part of the U.S.-EU trade deal agreed over the weekend, the EU committed to purchasing a mindblowing $750 billion worth of US energy products over three years ($250 per year) including LNG, oil, and nuclear fuel (again this is very big picture: neither side has detailed what was included in the energy deal - or whether it covered items such as energy services or parts for power grids and plants). There is just one problem: this number is laug…
The trade pact between the EU and the United States reached last Sunday is still, in fact, a political agreement. A joint document with the agreed details is missing. But there are already aspects of that meeting point reached between Brussels and Washington that seem almost impossible to meet when they land in reality. There is no better example of this than the European commitment to spend $750 billion (about €650 billion) on buying oil or nat…
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