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“In the future, we will be buying more gas from the U.S.,” EU Energy Commissioner Dan Jørgensen said at an industry event on Tuesday, while stressing that the purchases would need to align with the bloc’s green goals.
That said, there is only so much the EU can ultimately do. At the end of the day, it’s companies, not governments, that purchase LNG. And some EU countries have indicated their companies are already bringing in as much U.S. LNG as possible.
It’s also unclear how well a demand aggregation scheme would work. The EU launched a similar system after Russia invaded Ukraine in 2022, hoping to bring down sky-high prices. But few companies ultimately participated.
Still, pooling orders from private suppliers and matching them with American suppliers is one way the bloc can ingest larger volumes of U.S. LNG.
Concerns about LNG prices are also hanging over the talks.
The EU requires countries to fill their fuel storage tanks to 90 percent of capacity by Nov. 1 each year, and capitals are fretting that a summer rush to buy supplies — much of them American — will drive up costs. EU countries are pushing to relax those rules, hoping that flexibility will let them spend less overall on LNG.
On Thursday, European Commission President Ursula von der Leyen warned the EU would respond in kind to tariffs being reimposed, but for now, she said, “We want to give negotiations a chance.”
Victor Jack and Camille Gijs contributed to this report.
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