A key element of the agreement is the EU’s plan to procure up to 700 billion euros worth of fossil fuels from the US over the next three years, as part of efforts to diversify energy sources.
Eurelectric Secretary General Kristian Ruby reacts:
“The deal reflects the delicate, new geopolitical reality, which Europe needs to navigate. While it remains crucial to retain a strong transatlantic bond based on trade and security cooperation, it’s clear that Europe needs to take bold and swift action to bolster its strategic autonomy.
This involves diversifying supply chains and strengthening our domestic capabilities in critical sectors such as defence and the digital economy, while continuing the push towards a reliable and more homegrown supply of climate neutral energy.
The stated intention of the EU to procure 700bn EUR worth of fossil fuels from the US over the next three years directly contradicts that objective. Even if we need to diversify away from Russian supplies, Europe is currently not equipped to receive or consume such volumes of fossil fuels from the US.
Building additional fossil fuel infrastructure at this stage risks diverting attention from critical investments in clean energy infrastructure and electrification. It may lock Europe further in to its current import-based energy supply model. In the continued negotiations over the trade agreement, this element should therefore be removed or substantially reviewed.”
Eurelectric will continue to advocate for energy solutions that strengthen Europe’s resilience, accelerate the clean transition and empower customers.