Nov 27, 2024, 3:49 PM
Nov 26, 2024, 12:00 AM

Ursula von der Leyen seeks American gas deal amid energy crisis

Highlights
  • Donald Trump plans to revoke Biden's moratorium on LNG exports starting January 20, 2025.
  • The US has become a key LNG exporter to Europe, especially post-Ukraine war, shifting energy dependencies.
  • Ursula von der Leyen's proposed agreement underscores the urgency for Europe to secure stable energy resources.
Story

In January 2025, Donald Trump is expected to end the moratorium on liquefied natural gas (LNG) export projects that Joe Biden instituted in January 2024. This move represents a significant shift in policy as the United States has emerged as a leading LNG exporter to Europe, largely filling the gap left by the war in Ukraine. Ursula von der Leyen, President of the European Commission, has put forth a proposal to the US: in exchange for increased American gas supplies, Europe would eliminate tariffs on US products. This is part of a broader effort to reduce reliance on Russian gas. The energy landscape in Europe remains precarious, with ongoing negotiations influencing future dependencies and market dynamics.

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