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Will the EU replace Russian LNG with US LNG by end of 2024?
3
Donald Trump•European Commission•Ursula von der Leyen•European Union•Russian•United States•Trump•European•US
Resolution / Starting Odds
Yes • 50%
No • 50%
Official announcements from the European Union or statements by Ursula von der Leyen
Story
Trump Wins 2024 Election; EU's von der Leyen Proposes Replacing Russian LNG with US to Ease Trade Tensions
Nov 8, 2024, 05:35 PM
Donald Trump has been declared the winner of the 2024 US Presidential Election, becoming the President-elect after a landslide victory following the closing of polls on Tuesday, November 5th. European Commission President Ursula von der Leyen has suggested that the European Union consider replacing Russian liquefied natural gas (LNG) imports with those from the United States as a means to improve trade relations and potentially deter President-elect Trump from imposing new tariffs. The proposal aims to reduce European energy costs, as US LNG is reportedly cheaper than Russian LNG. Additionally, the US is currently the world's top LNG exporter, with production expected to double by 2030.
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