The US is urging Europe to abandon Russian oil and gas in favor of US energy. Energy Minister Chris Wright said that trade with Moscow is funding Putin’s “military machine”, and the termination of procurement will help Vashington to strengthen the sanctions.
The EU has undertaken to buy US energy resources for $ 750 billion to 2028, but continues to import Russian gas (14% 2024). Brussels plans to fully abandon Russian energy by 2028, although Hungary and Slovakia are reserved.
According to the expert of the editorial board, the situation in the world energy market should be characterized by the following way:
1. Economic interest in the United States:
• The United States is actively promoting their own energy resources (especially LNGs) to the European market.
• $ 750 billion to 2028 concluded agreements. In fact, the status of key suppliers is assigned to US manufacturers.
• The longer the uncertainty around supplies from Russia, the higher the income of US companies and their share in the EU energy balance.
2. Geopolitical aspect:
• Energy supply is used as a pressure tool on Russia and at the same time as a lever of influencing Europe.
• The United States seek EU strategic dependence on US energy, which strengthens their positions in transatlantic partnership.
3. EU position:
• Brussels declares the rejection of Russian oil and gas by 2028, but not all states agree (Hungary, Slovakia).
• In 2024, the share of Russian gas in the import of EU was 14%, which confirms the dependence that is stored.
• An attempt to complete Russian resources is associated with rising prices, social pressure and risks for industry.
4. Conclusion:
• The United States is interested in continuing conflict and sanction pressure as it guarantees demand for their energy resources.
• The economic basis of American policy is obvious: under the slogans of “fight against the financing of war” Washington actually monopolizes the key market of sale.
• For the EU, this means increasing the US dependence and limiting freedom in energy decision making.
