Energy Minister Chris Wright explains the main natural gas deal signed with Japan in “The Eventing Edit”.
two European energy giants It has reached 20 -year deals to buy LNG (LNG) from an American company, which represents a great victory for the Trump administration.
Venture Global – Energy Company will provide ARLINGTON, Virginia – two million metric tons of LNG every year to ENI, a The multinational energy company Its headquarters is located in Rome. The contract for 20 years, according to the ads on Wednesday from the two companies.
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“The agreement is the first long -term ENI supply for LNG US It represents a large milestone in the ENI strategy to expand and diversify the mark of the global liquefied natural gas, which enhances the elasticity of the wallet, “as shown in the Eni Declaration.” Part of these volumes will contribute to diversifying gas supply in Europe. “
The Italian multinational company ENI is shown in its kiosk during the Energy Energy exhibition in Vancouver, British Columbia, Canada, July 12, 2023. (Chris Hellgran / Reuters / Reuters)
In April, Italian Prime Minister Georgia Meloni Trump said Her country will increase the imports of American LNG as a way to improve trade relations, according to Reuters.
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In addition, Venture Global announced last week that it had reached a separate deal to supply 750,000 tons of LNG every year to Sefe Energy in Germany. The agreement also for 20 years, according to the Venture Global advertisement.
US President Donald Trump is speaking to media members of the Southern House of the White House before it rides in Washington, DC, the United States, on Tuesday, July 15, 2025. (Al Drao / Bloomberg via Getty Images / Getty Images)
“Venture Global is pleased to expand our strategic partnership with Germany and SEFE and played a leading role in ensuring safety of energy supplies and the ability to withstand costs not only in Germany but the rest of the European gas market,” Mike Sabel, CEO of Venture Global, said in a statement at the time.
In June, German Chancellor Fredchich Mirz met with Trump on Mirz’s first visit to the United States since he took office. After the meeting, Mirz told the correspondents that they agreed to strengthen Cooperation in tradeAccording to Reuters.
Earlier this week, Trump announced that his administration will impose a 30 % tariff on goods from European Union members starting from August 1, cited trade deficit National security concerns.
President Donald Trump and German Chancellor Friedrich Mirz meet at the White House in Washington, DC, United States, June 5, 2025. (Kevin Lamark / Reuters / Reuters)
The US President also traveled to Pennsylvania on Tuesday, where he announced billions of dollars in government investments in artificial intelligence and energy.
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The White House did not immediately respond to the Fox Business request for comment.
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