US President Donald Trump’s plan to sell more liquid natural gas to the world may have problems due to limited supplies this year, and the inability or desire of European countries to meet long -term agreements. “The problem is that gas is not available overnight. The significant growth in the production of liquid natural gas will not be available before 2026 or 2027,” said Philip Docum, head of “Exxon Mobil” companies in Europe, during his conversation with “Bloomberg” during the activities of the Handpillos Energy Conference in Berlin. The company “Exxon Mobil” develops four liquid natural gas projects and expects to start production units in the United States and Qatar at the end of this year. Other US export projects will also increase production, but the new large supplies will not be available before 2027. The demand for LNG is increasing with the growing dependence on Europe to fill the supply gap after most Russian gas has been lost by pipelines. Read more: How does Trump’s decision to revive gas and Europe? The European Union also proposed the idea to replace Russian LNG imports, which reached a record last year, with US LNG. Trump’s plans clash with reality, Trump threatened, whose country is above the list of liquid natural gas exporters in the world, Europeans to impose the definitions of customs if more oil and gas are not purchased. As soon as he accepted his duties this month, Trump also increased the freezing point of the new LNG export permits imposed by its predecessor Joe Biden, but the new projects that will be implemented on the basis of these permits will not begin production. The US LNG is also usually free of destination restrictions, which means that buyers can choose a delivery destination, and Europe may not be more profitable than economic conditions in other places. This means that although the United States is still the largest liquid natural gas supplier to Europe, on the basis of the global competition for this fuel. Europe’s commitment to gas contracts said Europe is reluctant to comply with long -term contracts and introduce supplies in the comparison, which investors need to make major financial decisions to start new LNG projects. And “Obviously, it affects the cost of energy in Europe because the gas affects electricity.” He continued: “We need gas for decades, and in 2050 we will still need gas. But there is a hesitation in dedication and trying to include supplies security in the equation.” Read more: Trump reforms the US energy sector with a focus on oil and gas, and also explained that the European chemical sector, which is one of the most important gas users as a raw material, is in a crisis due to the stumbling block of chemical products on the continent, in addition to high energy and operating costs compared to other regions. “There is a lot of the following new production capacity (when chemicals are made). The ability to present the demand for outputs. Therefore, the margins of profit in the chemical sector are very limited. Perhaps Europe is the least competitive region in chemical production.” Many European industrial enterprises have been forced to reduce production, close factories or transfer their production facilities outside Europe since the energy crisis in 2022 raised energy prices in the region.
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