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Trump's trade war: European companies urged to increase purchases of US liquefied natural gas as China boosts its imports from Russia.

Summary by UBN
The EU will release a roadmap on May 6 to phase out its purchases of Russian fossil fuels and continue to decrease Russian imports, according to European Council President Antonio Costa. “This creates space in the market for imports from other suppliers, which means new opportunities for the US,” Costa stated. The US is currently the third largest supplier of LNG to the EU. However, the decision to sign new gas purchase contracts rests with comp…
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Mish Talk - Global Economic Trend Analysis broke the news in on Monday, April 21, 2025.
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