EU Plans To Seek Double Imports Of Liquid Natural Gas From The U.S. As Trade Lever - FbiCables Network | The News that Shapes World Opinion

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Friday, May 03, 2019

EU Plans To Seek Double Imports Of Liquid Natural Gas From The U.S. As Trade Lever

The EU is seeking to double imports of liquid natural gas from the U.S. by 2023 as a part of an effort to ease trade tensions.
On Thursday, Energy Secretary Rick Perry encouraged the EU to buy more gas products from the U.S. as an attempt to steer the bloc away from Russian gas imports.
This comes after a 2018 meeting between President Trump and EU commission chief Jean-Claude Juncker to reduce trade barriers in several areas such as car exports.
U.S. Energy Secretary Rick Perry talks during a signing ceremony of two liquefied natural gas (LNG) export orders in Brussels, Thursday, May 2, 2019. Agreements are part of an EU-U.S. Energy Council High-Level Business to Business Energy Forum. (AP Photo/Francisco Seco)
While speaking alongside Perry, the EU’s energy commissioner said the increase in U.S. gas exports to the EU was understandable.
“Because the European Union is the biggest import market for natural gas and we depend for over 70-percent of our consumption on imports, LNG plays a steadily growing role for the diversification of our gas imports, contributing thus to our security and the United States are the world’s largest producer of natural gas and an increasingly important exporter,” stated Miguel Arias Canete, EU Commissioner for Energy.
Since the meeting between Juncker and President Trump, the EU has imported more than double of it’s liquid natural gas from the U.S. compared to last year.

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