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Europe is locking itself in to US LNG
The US energy secretary says the quiet part out loud: the tributary $750 billion in energy purchases the EU has promised in its Trump deal is meant to lock Europe into "long-term" energy dependence.
The Commission has defended President von der Leyen’s promise to invest $250 billion per year in US liquified natural gas (LNG) for the remainder of Trump’s term (something analysts say isn’t possible to fully deliver) by saying it is just a temporary measure until this can be replaced by renewables in the next decade. Contradicting the Commission’s claims that this use of US LNG will be a “ short-term measure,” Wright told Euractiv that it is in fact a “ long-term change.” “When you buy energy, particularly liquefied natural gas, there’s a huge amount of infrastructure that’s built,” he said. That hasn’t happened, for two reasons: the needed export and import infrastructure takes time to build, and market interest has been limited because EU gas demand has actually fallen recently.
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