Brussels – The European Union plans to reduce the purchase objectives of natural gas, even though US President Donald Trump insists that more gas.
On Tuesday, EU payrolls advanced in their projects to soften the compulsory objectives to comply in stocks before winter, in the but to pay cheaper their supplies, indicate four diplomats in Politico.
This decision is proceeded from the requirements of the White House, which wants the EU to spend 350 billion dollars more to buy American gas in order to restore exchanges deemed imbalances. But Trump has already imposed this diktat in the past, before ignoring the proposals of Europe in favor of agreement and imposing customs duties. His taxes exacerbated the hatching tensions that push Europe to seek energy savings.
Seven pays – France, Germany, Italy, Austria, Hungary, Slovakia and the Netherlands – led to reducing the objectives of gas purchase, by advocating to lower the target by 90% of the storage capacity to 80% in. They believe that the current objective forces the EU to buy huge volumes of gas, including a Santée Part from the United States, at a time when it is most expensive.
“In this period of turbulence and (in the middle of) the battle in progress for competitiveness, this would of course be a better solution (to make greater flexibility) than to hold it out to the objective Žgimantas vaičiūnas during an interview.
The drop in industrial demand “could be the ingredients of the potential” of Trump customs dromes, he added, which would make objectivation more difficult for the EU to buy more American LNG.
Energy Aminens
Europe has turned more and more to American LNG three years ago, when Russia invaded Ukraine and retorts its gas deliveries. Since then, American gas has become a rescue buoy for the European Union.
This link should only strengthen in the coming months. The EU is gradually striving by the last energy links with Russia and must also replace the gas which, until recently, arrived by Ukraine.
“The EU will have to buy more American gas to compensation for the loss of Russians of supply,” deciphers Laura Page, market analyst at KPLER, a company specialized in raw materials. “Reducting the storage objective will reduce the pressure on European gas imports this summer, which will weigh on prices – which meant a better affair.
At the topical rhythm of filling, KPLER data show that EU reserves will probably not reach 78% of their capacity by this winter. Pouring 90%, the EU should overpay the gas in the coming months, smiles Laura Page.
Donald Trump’s customs duties fueling industrial slow motion forecasts, European exporters seeing all of their Ebediés across the Atlantic taxed at 20%.
Less industrial Actity means fewer fuel needs. A new IIS Analization, a company specialized in the data on the raw materials, estimates that the demand for gas will decrease by 3.6% thisth year and that prices will also drop by 3.5%.
The new American customs laws for the unit of the “levels of the Great Depression”, points to Andreas Schroeder, head of the Energy Analyze at Icis.
And customs dromes, adds Schroeder, “will have extensive and long -term consequences of European energy mans”. The decrease in the resulting industrial demand will likely reduce “LNG SPOT deliveries to Europe”, which will once again result in a drop in Actity for American products.
The latter semenes, resumes of the EU nevertheless went to Washington to try to conclude an agreement on the purchase of LNG, but these Cemarches have nothing. In private, the AX diplomats expressed their frustration in the face of the lack of intheret of US officials for negotiations, despite concrete gas purchase offers.
Trump’s demand to buy around 350 billion dollars in energy, made at the end of the day on Monday, goes far beyond a realistic negotiation position. Commander Unla quantity of gas would result in nearly 16 million barrels per day, which is higher than the total daily news production of the United States, which is around 13 million barrels.
“With regard to $ 350 billion, it is important to note that energy contracts are concluded on the basis of demand and price, and that these factors fluctuate,” Rakelé Anna-Kaisa Itkonen, spokesperson for the European Commission. “Consequently, it is very, very difficult to comment on one and Mamiffre given by the United States.”
Douglas Busvine An article contributed to this.
This article was first published by Politico in English and was published in French by Jean-Christophe Catalon.
Politices
