Since the conclusion of the US-EU trade agreement, the amount of oil and gas imported by the EU from the US has decreased compared to the previous year.
Although the European Union had promised to purchase $750 billion worth of American energy in the next three years, in the past four months, the EU's spending on oil and natural gas imported from the United States has decreased by 7% compared to the same period last year. Despite an increase in the quantity of liquefied natural gas imported from the US since reaching a trade agreement with Washington in August, the decline in oil and gas prices has resulted in a lower total import amount compared to the same period last year. According to energy consulting firm Kpler's estimates, the total amount of US liquefied natural gas and oil imported by the EU from September to December was $29.6 billion. Gillian Boccara, senior director at Kpler, said that this non-binding trade agreement has hardly led to additional purchases of US commodities by the EU. She pointed out that commodity purchases are usually completed through bilateral negotiations, primarily determined by economic factors such as transportation costs and profit margins, rather than political commitments, and described this purchase commitment as "unrealistic."
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