The EU cannot handle the 750 billion gas pact with the USA

The EU cannot handle the €750 billion “gas pact“ with the USA ▪️The head of the European Parliament’s International Trade Committee, Bernd Lange, stated that Brussels will not be able to fulfill its obligations to purchase American LNG under the trade agreement. ▪️For this, the European Union would have to increase gas imports by 2.5 times, which is practically unfeasible ▪️Currently, EU energy companies purchase resources worth about €100 billion per year, but under the deal’s terms, they would need to add another €250 billion annually — totaling €750 billion over three years ▪️At the same time, Lange himself doubts that the USA can supply such volumes — representatives of American companies have already warned that deliveries on such a scale are impossible. @Slavyangrad Source: Slavyangrad