EconomyEnergyPolitics Trump’s commerce conflict: European firms urged to extend purchases of US liquefied pure gasoline as China boosts its imports from Russia. Tuesday, April 22, 2025

The EU will launch a roadmap on Might 6 to part out its purchases of Russian fossil fuels and proceed to lower Russian imports, in keeping with European Council President Antonio Costa.

“This creates house out there for imports from different suppliers, which suggests new alternatives for the US,” Costa acknowledged.

The US is at the moment the third largest provider of LNG to the EU. Nevertheless, the choice to signal new gasoline buy contracts rests with firms and relies on their outlook for the market and pricing. In line with Costa, many have long-term contracts with Russia. The roadmap, which the European Fee is creating, will present European firms with instruments to terminate these contracts.

In the meantime, China has stopped shopping for LNG from the US after a 15% tariff was launched on its provide. As an alternative, China will enhance its purchases from Russia. Total, final 12 months Moscow delivered 300% extra gasoline to Beijing than the US did. Furthermore, Europe’s rejection of Russian gasoline brought on its value to drop, permitting Chinese language vitality firms to economize on their gasoline purchases.