{"id":304326,"date":"2025-07-30T16:18:24","date_gmt":"2025-07-30T16:18:24","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/304326\/"},"modified":"2025-07-30T16:18:24","modified_gmt":"2025-07-30T16:18:24","slug":"eu-at-energy-crossroads-e700-billion-to-triple-us-oil-gas-and-nuclear-imports-puts-europes-decarbonization-at-risk","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/304326\/","title":{"rendered":"EU at energy crossroads: \u20ac700 billion to triple US oil, gas, and nuclear imports puts Europe\u2019s decarbonization at risk"},"content":{"rendered":"

The European Environmental Bureau (EEB), said to be Europe\u2019s largest network of environmental non-government organizations (NGOs), has portrayed the new trade deal between the European Union (EU) and the United States (U.S.) in a different light from the one presented by the European Commission, which hailed its EU\u2013U.S. trade deal as a win for transatlantic ties and economic stability.<\/strong><\/p>\n

\"\"Courtesy of the European Commission; Credit: Mauro Bottaro<\/p>\n

While some see the new EU-U.S. trade deal as a step that will pave the way for strengthened energy security across Europe, green groups, which disagree with this assessment, have sounded the alarm, as they believe that the deal risks derailing Europe\u2019s decarbonization efforts.<\/p>\n

With this at the forefront, the European Environmental Bureau has warned that the centerpiece of the deal, which is spotlighted as a \u20ac700 billion pledge to buy U.S. fossil fuels and nuclear energy over the next three years, is \u201cfundamentally incompatible\u201d with the European Union\u2019s 2030 climate targets.<\/p>\n

The EEB is adamant that the claim that these volumes of U.S. energy imports will substitute for Russian imports is not credible since Eurostat\u2019s data reportedly indicates that the U.S. already holds a 50% share of the EU\u2019s liquefied natural gas (LNG) market.<\/p>\n

Luke Haywood<\/strong>, Head of Climate and Energy at EEB, highlighted: \u201cThis deal flies in the face of the EU\u2019s climate commitments. Tripling U.S. energy imports in just three years isn\u2019t only physically implausible, it would derail the EU\u2019s mid-term decarbonisation targets.<\/p>\n

\u201cCredible pathways to the EU\u2019s 2030 climate targets are incompatible with more imported oil and gas, slow-to-build nuclear reactors and unproven small modular reactors. We should be doubling down on renewables, energy efficiency and electrification. This deal sends a dangerous and dissonant signal to the world.\u201d<\/p>\n

As a result, fully replacing the remaining 17% supplied by Russia would add only around \u20ac9 billion annually, or just 2.5% of total EU energy imports in the European Environmental Bureau\u2019s view. Many EU countries depend on gas imports; thus, they are stepping up their offshore hydrocarbon exploration game.<\/p>\n

This is illustrated by Poland, where one of Noble\u2019s rigs recently drilled an oil and gas discovery<\/a> in the Baltic Sea, which led the operator of the Wolin license block to describe the find as one of the largest conventional oil discoveries in Europe in a decade.<\/p>\n

IEEFA\u2019s Ana Maria Jaller-Makarewicz<\/strong>, wrote: \u201cThe EU\u2019s new plan to buy $250 billion of US energy for each of the next three years is unrealistic and could risk the bloc\u2019s energy security. The commitment is part of a trade deal agreed by the EU and US on 27 July that will see tariffs of 15% on most of the bloc\u2019s exports to the US.<\/p>\n

\u201cThe EU intends to buy $750 billion of US energy in the next three years as it replaces purchases of oil and gas from Russia. The bloc has also agreed to invest $600 billion in the US. [\u2026] Massively increasing LNG imports to satisfy the deal is unachievable. Europe\u2019s gas demand is declining, and the market is unlikely to absorb excess volumes. Furthermore, the gas market is inherently volatile, and LNG is an expensive fuel.\u201d<\/p>\n

Given the total EU energy imports\u2019 value of around \u20ac370 billion in 2024, the EEB claims that shifting oil and gas imports to the U.S. would deliver less than \u20ac100 billion extra per year, which in its opinion is far short of the $250 billion per year target touted in the deal even under the most radical scenarios.<\/p>\n

Jaller-Makarewicz added: \u201cThere is great uncertainty and risk around this deal regarding gas and LNG demand, diversification of suppliers, climate regulations and financial viability. As European gas demand continues to decline to 2030 and beyond, LNG sellers will struggle to find buyers in the continent. <\/p>\n

\u201cHow much more LNG can the EU buy from the US when a global LNG supply glut is expected by 2030? Incentivising LNG imports could lock in dependency on fossil gas \u2013 which could lead the EU to miss its 2040 target of reducing net greenhouse gas emissions by 90%, compared to 1990 \u2013 and lead to financial risk related to compliance with the EU Methane Regulation.\u201d<\/p>\n

Therefore, the European Environmental Bureau is calling on the European Parliament and Member States to scrutinize and reject any elements of the agreement that undermine Europe\u2019s climate goals, energy sovereignty, or international credibility.<\/p>\n

\t\t\t\t\"\"<\/p>\n

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