US EditionThe European Union Cuts Spending on Oil and Gas Imports From the United States, Despite a Pledge to Purchase $750 Billion in Energy Supplies
6 Articles
6 Articles
Over the past four months, the EU has spent 7% less on oil and gas from the US, despite Donald Trump's promise to buy US energy supplies for $750 billion over the next three years.
The European Union spent $29.6 billion on oil and gas imports from the US between September and December.
The US energy deal was supposed to strengthen transatlantic relations, but for now it remains mostly on paper.
Despite a commitment to US President Donald Trump to purchase $750 billion (over €636 billion) of US energy over three years, the European Union has spent 7 percent less on US oil and gas over the past four months. According to Kpler estimates, reported by the Financial Times, between September and December, US imports of liquefied natural gas (LNG) and oil were worth $29.6 billion (€25.1 billion), a decline largely due to falling energy prices.
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