GECF pours cold water on US-EU energy trade deal

The framework deal is more about symbolic transatlantic solidarity more than increasing actual trade volumes, according to the GECF

There is limited scope for increasing the EU’s LNG imports from the US to a level that would help fulfil Washington and Brussels’ $750b energy trade deal announced in late July, the Gas Exporting Countries’ Forum (GECF) announced in its latest monthly gas market report. The Trump administration has used tariffs on imported goods from across the world this year as leverage to make US trading partners reduce their trade deficit with the country. With the EU accounting for close to a fifth of US imports, it has taken centre stage in these discussions. On 27 July, US President Donald Trump and European Commission President Ursula von der Leyen announced a framework trade deal that would see Wash