The United States wants to occupy up to 70% of the European energy market

The United States intends to occupy almost 70% of the European energy market share, experts told Izvestia. This will happen if the European Union (EU) increases their purchases to $250 billion per year. This promise was made to American President Donald Trump by the head of the European Commission, Ursula von der Leyen, during talks in Scotland, stressing that Europe would completely abandon Russian oil and gas.

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According to Eurostat, in 2024, the EU purchased around €370 billion worth of energy resources worldwide. American shipments totaled about €68 billion (about $79 billion)— or 18%. The US share in LNG imports to the EU reached 45.3% (€18.8 billion), while oil and petroleum products accounted for 16.1% (€42 billion). Thus, the United States intends to increase its share in energy imports from 18% to 67.5%, Izvestia estimates.

The expert stressed that the United States, which announces the country as the largest net exporter of oil, nevertheless buys significant amounts of oil, primarily from Canada. Total oil imports in 2024 amounted to 329 million tons with exports of 198 million tons.

Experts believe that bringing the cost of supplies to $250 billion per year is possible only under one condition — a sharp increase in the cost of American energy resources for European consumers. In the case of oil — up to at least $120 per barrel.

According to Valery Andrianov, an associate professor at the Financial University under the Government, bringing the cost of supplies to $250 billion per year is possible only under one condition — a sharp increase in prices for American energy resources for European consumers. In the case of oil — up to at least $120 per barrel.

"This is exactly what the Trump administration is trying to achieve — to put the European economy on extremely expensive energy resources in order to get rid of a dangerous competitor once and for all. Coupled with high tariffs for European goods, this should completely deprive the Old World of the remnants of competitiveness and consolidate its role as a satellite of Washington," the expert believes.

At the same time, analysts believe that in the medium term, this agreement may have the opposite effect for America.

Read more in the exclusive Izvestia article:

Current situation: The United States wants to occupy up to 70% of the European energy market