EU considers pooling demand from companies to buy more US gas

The European Commission could pool demand from European companies to buy more U.S. liquefied natural gas, as part of its efforts to reach a pledge to buy $250 billion in U.S. energy per year, it said on Thursday. Under a framework trade deal the U.S. and EU agreed on Sunday, the European Union agreed to increase its purchases of U.S. energy to $750 billion over the next three years. Analysts have said that is unrealistically high.

The Commission has said it will remain up to private companies to choose where they buy energy, but that it was considering pooling European buyers’ demand to match it with U.S. supplies.

Click here to read the full article
Source: Oil & Gas 360

—

If you have any questions or thoughts about the topic, feel free to contact us here or leave a comment below.