Trump forces Europe to supply himself in the United States: “Buying $ 250 billion in American energy, it makes no sense”

Which, technically, seems impossible. Nevertheless, As Anne-Sophie Corbeau points out, the US only exported “1.5 billion barrels of oil in 2024, which represents a theoretical value of $ 105 billion (if the barrel remains at $ 70).

In addition, Europe imported $ 117 billion in gas in 2024, including imports by boats (LNG) and by gas pipelines.

Unrealistic?

Even if Europe absorbed all of the US oil exports ($ 105 billion). Therefore, the United States became the exclusive EU gas supplier ($ 117 billion), there is no point of $ 250 billion in imports per year. Furthermore, And that without counting the fact “that gas prices should drop in the coming years “, According to Anne-Sophie Corbeau.

In addition, it is highly improbable that Europe stops buying gas trump forces europe supply himself in Norway, its first supplier, to permeate only American gas. And it’s not just Norway, which should stop delivering us to make room for US gas. In 2024, the USA provided 16.5 % of European gas imports. Europe would therefore have to say “stop” at 83.5 % of its current supply, to buy only “made in USA”.

The implementation of a total embargo on imports of Russian gas in 2027 could help. However, Russia represented less than 20 % of the European gas supply in 2024. Replacing Russian gas with American gas will therefore not be enough.

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Note that the American LNG. which will have to be liquefied in the USA, cross the Atlantic by boats, then be rewarded in Europe, should cost more than the gas transported by gas pipelines.

Also trump forces europe supply himself remember that it is companies that sign gas supply contracts and not states. A company like Engie, for example, is mainly owned by private investors. It seems complicated to impose on him to buy more American liquefied natural gas (LNG). a priori more expensive than the gas delivered by gas pipelines.

Be that as it may. the European Commission estimates that the amount of $ 250 billion in American energy imports is not unrealistic. While specifying that it also concerns the imports of fleas intended for artificial intelligence (AI). Recall that the American giant Nvidia is the world leader in the fleas for AI.

Finally, this increased dependence on American gas is likely to cringe. In an interview with thefreeFebeliec. the Belgian federation of manufacturers who consume a lot of energy, recently sounded the alarm about the risk of depending on the United States.