... Under the terms of the deal, the EU will annually buy oil, liquefied natural gas (LNG), and even nuclear fuel from the US – the total volume of contracts is estimated at an enormous $750 billion over the coming years. The main goal is to fully replace oil and gas supplies from Russia with American imports by the end of 2027, thereby ensuring Europe’s energy independence from Russia. All EU countries have agreed to open their markets to the US and establish a unified customs tariff of 15% on most goods. This ...

... Europe in exchange for partial tariff reductions on European goods. Over the next three years, the European Union pledged to purchase approximately $750 billion worth of oil, LNG, and even nuclear fuel from the U.S. The aim is to virtually replace oil and gas supplies from Russia by the end of 2027, thereby strengthening Europe's energy independence from Russia. Unified Tariff and Investments: All EU countries agreed to open their markets to American goods by establishing a unified import tariff of 15%....

Tereshkin: Gas prices in the EU will not exceed $500 per thousand cubic meters due to the "Sudzha" ... ... Economic Information Agency). On August 9, 2024, Sergey Tereshkin, CEO of the OPEN OIL MARKET oil products marketplace, commented on the potential consequences of reduced... ... "Sudzha" station in the overall gas imports to the EU, ongoing gas savings, and reduced consumption in industry. Tereshkin forecasts that the average monthly gas...

... Asia–Center pipeline system. This system was widely used in the 1990s and early 2000s when Gazprom purchased Turkmen gas for resale to Europe, utilizing Ukraine’s gas transit system built during the Soviet era,” notes Sergey Tereshkin, CEO of the Open Oil Market. However, this pipeline is currently used for reverse gas flows from Russia to Uzbekistan, Tereshkin points out. The Central Asia–Center pipeline system is controlled by Gazprom and consists of pipelines running from Turkmenistan through Uzbekistan and Kazakhstan to Russia. This leaves Azerbaijan as the most realistic partner in this scenario. Currently, Azerbaijan delivers gas to the European Union via Turkey using the TANAP ...

... Brussels has helped avoid an escalation of the trade dispute. The parties agreed on mutual tariff reductions and a significant increase in American energy exports to Europe, which has improved investor sentiment and raised expectations for growth in U.S. oil and gas demand. Additionally, the U.S. has intensified dialogue with India to reduce trade barriers, easing global tensions. Geopolitical Risks and Sanctions. President Donald Trump has escalated rhetoric towards Moscow, issuing an ultimatum to resolve the ...