ExxonMobil expects the European Union to sign long-term U. S. gas contracts as part of a plan to buy $750 billion of American energy by 2028.
An ExxonMobil spokesperson emphasized that long-term contracts are essential for securing energy supply. Peter Clarke, Exxon’s senior vice president for liquefied natural gas (LNG), noted that Europe’s developing LNG infrastructure makes longer-term commitments reasonable, mentioning that Exxon sells about 80% of its LNG under such agreements. Europe has become the main market for U. S. LNG exports, and further energy trade is expected to focus on LNG. In 2024, the U. S. provided 50% of the EU’s LNG imports, with a significant annual increase in imports observed.
