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Benzinga
Benzinga
Business
Anusuya Lahiri

ExxonMobil Sees EU Locking In US LNG Supply Under $750 Billion Pledge

Exxon Mobil

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.

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