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EU spent less on US energy after $750bn Trump trade deal

Member states’ spending on US oil and gas fell 7 per cent over the past four months

The EU has spent 7 per cent less on oil and gas from the US over the past four months despite making a pledge to Donald Trump to purchase $750bn of American energy over the next three years.

While the bloc bought higher volumes of US liquefied natural gas since its trade deal with Washington in August, oil and gas prices have fallen, reducing the overall value compared with the same period last year.

EU imports of liquid natural gas and oil totalled $29.6bn through September to December, according to an estimate by energy consultancy Kpler.

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