The European Union could consider importing liquefied natural gas (LNG) from the US instead of continuing to buy some of it from Russia.
The European Union could consider replacing Russian imports of liquefied natural gas (LNG) with imports from the United States, Ursula von der Leyen said at a press conference after the EU summit in Budapest.
European Union completely out of Russian LNG?
The President of the European Commission stated that natural gas from the United States would be purchased at much more favorable prices, which makes it even more possible to give up the rest of the trade with Russia in this area.
Let us not forget that liquefied gas from Russia is not fully covered by the EU sanctions imposed on Russia in response to the attack on Ukraine in February 2022.
The very high energy prices in Europe are the result of the climate policy adopted in Brussels and implemented in the EU Member States, which is based on achieving the continent’s so-called climate neutrality by 2050. Poland, for example, had one of the cheaper costs for electricity generation in Europe, but among other things prices rose dramatically. as a result of artificial climate taxes (ETS system). High energy costs translate into the prices of many other products and services, impoverishing societies.
Von der Leyen says he wants to work with Trump
Ursula von der Leyen emphasized that Brussels wants to cooperate with the government of Donald Trump. – The US is our largest economic and trading partner. We share unique historical ties. (…) It is important to build good relations with the new US administration from the very beginning, the head of the European Commission said.
The head of the European Commission said the EU’s approach to trade policy under the Trump presidency will consist of “engagement, looking at common interests and negotiations.”
Source: Do Rzeczy
Roy Brown is a renowned economist and author at The Nation View. He has a deep understanding of the global economy and its intricacies. He writes about a wide range of economic topics, including monetary policy, fiscal policy, international trade, and labor markets.
