EU’s Significant Purchase of Liquefied Natural Gas from the United States

According to data released by the European Commission on 8 July, from July 25, 2018 to early March, 2019, the EU imported 7.9 billion cubic meters of liquefied natural gas from the United States, a substantial increase of 181% over the same period last year.

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Since 2019, LNG from the United States has accounted for 12.6% of all imports of LNG from the European Union, making the United States the third largest source of LNG from the European Union, the European Commission said.

The European Commission said that if market conditions permit and prices are reasonable, the EU is also ready to continue to expand imports and build a number of liquefied natural gas infrastructure for this purpose. The two sides will also hold the first EU-US Energy Commission High Level Forum in Brussels on May 2.

On July 25, 2018, the European Union and the United States agreed to negotiate to reduce trade barriers, ease trade frictions and suspend new tariffs. U.S. President Trump held talks with visiting European Commission President Juncker at the White House on bilateral economic and trade issues, and held a joint press conference after the talks. The two sides expressed their intention to strengthen strategic cooperation in the field of energy. One of the specific measures is to import more liquefied natural gas from the United States by the European Union.

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