The European Union Threatened by U.S. Tariffs on 58 Million Tons of LNG

Donald Trump, the president-elect of the United States, demands increased European imports of oil and liquefied natural gas, threatening the European Union with tariffs, a move that could disrupt global energy trade.

Share:

Gain full professional access to energynews.pro from 4.90$/month.
Designed for decision-makers, with no long-term commitment.

Over 30,000 articles published since 2021.
150 new market analyses every week to decode global energy trends.

Monthly Digital PRO PASS

Immediate Access
4.90$/month*

No commitment – cancel anytime, activation in 2 minutes.

*Special launch offer: 1st month at the indicated price, then 14.90 $/month, no long-term commitment.

Annual Digital PRO Pass

Full Annual Access
99$/year*

To access all of energynews.pro without any limits

*Introductory annual price for year one, automatically renewed at 149.00 $/year from the second year.

The European Union faces unprecedented pressure as Donald Trump, the president-elect of the United States, announced he would impose tariffs if European imports of American energy do not significantly increase. This threat emerges as transatlantic energy trade becomes a growing strategic factor in balancing global markets.

In 2023, the European Union imported approximately 58 million tons of American liquefied natural gas (LNG), accounting for 68% of the total U.S. LNG exports that year. Although these flows declined slightly in 2024 to 53%, they remain critical to meeting Europe’s energy demands, especially following the drastic reductions in Russian gas imports.

The Stakes of Transatlantic Energy Trade

American crude oil, particularly WTI Midland, also constitutes a significant share of the trade. In December 2023, Europe imported 1.8 million barrels per day (b/d) of light American crude oil, volumes supported by reduced Asian demand. These exports, while substantial, still fall short of addressing the U.S. trade deficit with Europe, a goal regularly highlighted by Donald Trump.

Analysts point out that current U.S. infrastructure and contractual commitments, particularly in Asia, limit the flexibility of exportable volumes to Europe. Any increase in these flows would require reallocation, affecting other strategic regions, or increased domestic production, which remains uncertain.

Potential Impacts of Tariff Measures

Donald Trump’s threats to impose tariffs on European products come amidst an already tense global trade environment. These measures could not only disrupt energy trade but also lead to price hikes for consumers on both sides of the Atlantic.

Additionally, increased production costs due to tariffs could reduce the attractiveness of American hydrocarbons in global markets, undermining U.S. energy competitiveness. Rachel Ziemba, an advisor at Horizon Engage, warned that such protectionist policies risk destabilizing global trade flows while limiting the expected benefits to the U.S. deficit.

The European Position on Energy Challenges

In response, the European Union seeks to diversify its supplies while reducing its remaining dependence on Russian gas. Ursula von der Leyen, President of the European Commission, recently highlighted the interest in increasing American LNG imports to ensure energy security while stabilizing internal market prices.

However, this transition remains complex in the short term, given logistical constraints and competing demands from other American LNG clients, particularly in Asia. Experts agree that closer energy cooperation between the EU and the U.S. cannot proceed under the shadow of punitive measures, which risk undermining trust between strategic partners.

Brasília has officially begun the process of joining the International Energy Agency, strengthening its strategic position on the global energy stage after years of close cooperation with the Paris-based organisation.
During a meeting in Beijing, Vladimir Putin called on Slovakia to suspend its energy deliveries to Ukraine, citing Ukrainian strikes on Russian energy infrastructure as justification.
Vladimir Putin and Robert Fico met in China to address the war in Ukraine, regional security and energy relations between Russia and Slovakia.
Slovak Prime Minister Robert Fico plans to meet Vladimir Putin in Beijing before receiving Volodymyr Zelensky in Bratislava, marking a diplomatic shift in his relations with Moscow and Kyiv.
The three European powers activate the UN sanctions mechanism against Iran, increasing pressure on the country's oil exports as Tehran maintains high production despite Western measures.
Iran once again authorises the International Atomic Energy Agency to inspect its nuclear sites, following a suspension triggered by a dispute over responsibility for Israeli strikes.
First suspect linked to the Nord Stream pipeline explosions, a Ukrainian citizen challenged by Berlin opposes his judicial transfer from Italy.
Ukrainian drones targeted a nuclear power plant and a Russian oil terminal, increasing pressure on diplomatic talks as Moscow and Kyiv accuse each other of blocking any prospect of negotiation.
A Ukrainian national suspected of coordinating the Nord Stream pipeline sabotage has been apprehended in Italy, reigniting a judicial case with significant geopolitical implications across Europe.
Russia continues hydrocarbon deliveries to India and explores new outlets for liquefied natural gas, amid escalating trade tensions with the United States.
Azerbaijani energy infrastructure targeted in Ukraine raises concerns over the security of gas flows between Baku and Kyiv, just as a new supply agreement has been signed.
The suspension of 1,400 MW of electricity supplied by Iran to Iraq puts pressure on the Iraqi grid, while Tehran records a record 77 GW demand and must balance domestic consumption with regional obligations.
Beijing opposes the possible return of European trio sanctions against Iran, as the nuclear deal deadline approaches and diplomatic tensions rise around Tehran.
The United States plans to collaborate with Pakistan on critical minerals and hydrocarbons, exploring joint ventures and projects in strategic areas such as Balochistan.
Around 80 Russian technical standards for oil and gas have been internationally validated, notably by the United Arab Emirates, Algeria and Oman, according to the Institute of Oil and Gas Technological Initiatives.
Baghdad and Damascus intensify discussions to reactivate the 850 km pipeline closed since 2003, offering a Mediterranean alternative amid regional tensions and export blockages.
The two countries end 37 years of conflict with a 43-kilometer corridor under American control for 99 years. The infrastructure will transport 50 million tons of goods annually by 2030.
A senior official from the UN agency begins technical discussions with Iran on Monday, the first meeting since June strikes on Iranian nuclear sites.
A free trade agreement between Indonesia and the Eurasian Economic Union is set to be signed in December, aiming to reduce tariffs on $3 bn worth of trade and boost bilateral commerce in the coming years.
The visit of India's national security adviser to Moscow comes as the United States threatens to raise tariffs on New Delhi due to India’s continued purchases of Russian oil.

Log in to read this article

You'll also have access to a selection of our best content.