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EU buys more Gas from the United States, although it is more expensive

In the trade conflict with the United States, the EU has met a key demand of the US President, Donald Trump . Since his Meeting with European Commission President Jean-Claude Juncker in July 2018, the EU countries imported considerably more liquefied natural gas (LNG) from America. The EU Commission announced on Thursday at a conference in Brussels, US Secretary of energy, Rick Perry took part.

The EU Commission, imports of US liquefied natural gas have increased within the last nine months to 272% compared to the same period in front of it. In March, the liquefied gas has reached the trade between the US and the EU with a volume of 1.4 billion cubic meters at its highest.

Trump had demanded that Juncker, the EU needs to beans, in addition to soy, far more liquefied natural gas import – otherwise, it could lead to imports of customs duties on European Car. Measured in terms of the total EU gas consumption of about 480 billion cubic meters per year, the US share is still low. From America, only 13 per cent of the EU's imported liquid gas.

U.S. energy Secretary Perry reiterated in Brussels Trumps sharp criticism of the Nord Stream Pipeline 2.

environmentalists warn, to increase this percentage. You criticize the Fracking method of Gas in the United States. The Fracking Gas or Oil by using pressure and chemicals, brought from the layers of rock, which carries dangers for the environment.

U.S. energy Secretary Perry reiterated in Brussels Trumps sharp criticism of the Nord Stream Pipeline 2. This make Europe more dependent on Russian Gas and allow Moscow to put pressure on European States. He was encouraged by the decision of the German government, more US to import LNG and to support two new LNG Terminals in Germany financially, Perry said.

LNG has long been regarded as not competitive and expensive, because the Gas needs to be liquefied for Transport, with great effort. U.S. energy Secretary Perry warned the EU that it is always the price argument. "If you only care about how cheap the offer is, then you will buy it may be no BMW or Mercedes-Benz or another one of the beautiful cars from the EU," he said. "You can maybe buy cheaper elsewhere, but that might not be reliable. This is the same with Russian Gas."

(editing Tamedia)

Created: 02.05.2019, 23:29 PM

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