EU Eyes Group LNG Buys To Meet US Commitments

EU Eyes Group LNG Buys To Meet US Commitments

The European Commission is considering pooling demand from European companies to collectively purchase more U.S. liquefied natural gas—part of an effort to meet its $750 billion energy trade deal with Washington. The initiative, announced Thursday, would be modeled after the EU’s 2022 AggregateEU program, which coordinated gas purchases following Russia’s invasion of Ukraine. A Commission spokesperson said a U.S.-focused version of the program c…

EU Details LNG Purchases Under US Trade Deal

The European Commission this week published an explainer about the energy purchase commitments it agreed to under its trade deal with the U.S., which calls for EU purchases of $750 billion worth of U.S. liquified natural gas and other energy...

EU considers pooling demand from companies to buy more US gas – Oil & Gas 360

(BOE Report)– The European Commission could pool demand from European companies to buy more U.S. liquefied natural gas, as part of its efforts to reach a pledge to buy $250 billion in U.S. energy per year, it said on Thursday. Under a framework trade deal the U.S. and EU agreed on Sunday, the European Union agreed to increase its purchases of U.S. energy to $750 billion over the next three years. Analysts have said that is unrealistically high. T