The European Union has agreed to purchase $750 billion worth of energy from the United States, including liquefied natural gas (LNG). The move aims to reduce Europe’s dependence on Russian oil and gas.
Shares of LNG companies rose after the announcement. Cheniere and Venture Global saw their stock prices increase by over 1% and 4%, respectively. New Fortress Energy and NextDecade also gained ground, with share price increases of more than 5% and 0.62%.
EU President Ursula von der Leyen stated that the energy purchases will diversify Europe’s supply sources and contribute to its energy security. The bloc plans to replace Russian gas and oil with significant purchases of US LNG, oil, and nuclear fuels.
The agreement is part of a broader trade deal between the EU and the US, which includes a 15% tariff on EU exports to the US. As part of this deal, Brussels has agreed to invest $600 billion in the US above current levels.
Source: https://www.cnbc.com/2025/07/28/lng-stocks-jump-after-european-union-agrees-to-massive-us-energy-purchases.html