
ExxonMobil (NYSE:XOM) expects the European Union to sign multi-decade contracts for U.S. liquefied natural gas as part of a $750 billion pledge to buy American energy by 2028, underlining Europe’s long-term focus on fossil fuels.
The United States and the European Union (EU) reached a trade agreement on July 27 in which the EU pledged to purchase $750 billion worth of energy products, including natural gas, oil, and nuclear fuel and reactors, from the United States over the next three years.