Expert Chaslau Koniukh
  • Companies
  • Global investment
  • Investors
  • Terminology
  • Economy
  • Stock Market
  • World exchanges
  • Tech and Marketing
buy gas from the USA
Economy

Why it is unprofitable for Europe to buy gas from the US

01.06.2020
2 min read

U.S. domestic policy has a major impact on external processes. This is confirmed by the visit of Secretary of State Mike Pompeo to Munich, where he urged Europe to buy gas from the U.S. and give up Russian raw materials.

 Is it worth buying gas from the US: opinion of experts

Washington uses various levers of pressure on the leaders of the countries to weaken Russia’s position in the world and strengthen sanctions against it and Iran. This can be traced back to the latest trips of Secretary of State Mike Pompeo. In Hungary, he met with Prime Minister Viktor Orban, where one of the issues raised was energy imports. Washington insists on close cooperation to persuade Hungarians to participate in the construction of the Turkish Stream gas pipeline that runs through Central Europe. The U.S. government makes such statements so that the country buys liquefied gas from the U.S. and the volumes of Russian gas are reduced. According to Mike Pompeo, these measures will reduce Russia’s influence in the region and its revenues. Obviously, Washington is afraid that Russian rough exports to Europe may grow significantly, to the detriment of its own interests.

buy gas from the USA

Gas supplies to Hungary are important to the USA for other reasons as well. NATO members, which also includes this state, should cooperate in various directions, not only in the military segment. Therefore, purchasing goods from partner countries will strengthen ties within the Union.
Despite the convincing arguments and comprehensive work, the words of the state secretary did not arouse much emotion in the Hungarian government. Each side explains the failed result from its point of view. Western political analysts regard this position of the European country as manipulation of Russia, which has found strong instruments of influence on Orban. They argued this view with the existence of many financial and economic projects between countries. Moreover, the Europeans are known for their conservatism, including in the segment of energy resources. They prefer to cooperate with proven partners, which ensures stable supplies of quality raw materials. Buying gas from the USA may encounter various difficulties, which will not be the case while continuing to export from Russia.
Despite Russia’s stable position in Europe, one should not forget about the power of the USA. For several years the USA has been one of the major energy sellers in the world market. Shale gas production has increased in the USA, and thanks to the latest developments, it is actively exploring oil deposits.

But it undermines the authority of the state by its leader. Not always reasonable political statements by Donald Trump make Europe cautious about cooperation with the states. And despite several advantages, it chooses the good old supplier, which is Russia.

Tags: Global Economy
0
Previous Post Chaslau Koniukh: Internet trade market in Russia may reach 2.78 trillion rubles. Next Post Where Russian rich people invest in: results of international research

You Might Also Like

US GDP
Economy
Federal Reserve revises US GDP expectations
05.07.2023
Economy policy
Economy
How Germany’s economy policy minimized the damage from the pandemic
22.01.2021
credit rating
Economy
The Fitch agency left Latvia’s credit rating unchanged
26.05.2023
foreign companies
Economy
Foreign companies show interest in Thailand
11.02.2023
Contribution to the country's economy
Economy
What contribution do working women in Japan make to the country’s economy
21.07.2020
Australia's ore exports
Economy
Australia’s ore exports to rise, profits to fall
19.12.2024

Popular Posts

  • Spain’s economy performs best in the EU
  • Li Ka Shing: How can success be achieved without money and education?
  • Skolkovo analysts: the Russian energy market is suffering losses
  • Ingeborg Mootz: a woman who became a stock player at the age of 75

Editor's Picks

Chaslau Koniukh
Analytics

American bankers from JPMorgan and Goldman Sachs advise to invest in gold: review by Chaslau Koniukh.

Spokesperson
17.08.2020
Expert Chaslau Koniukh
Analytics

Chaslau Koniukh on the analysts’ opinion on the key stake size change soon

Spokesperson
18.06.2020
expert Chaslau Koniukh
Analytics

Chaslau Koniukh: Internet trade market in Russia may reach 2.78 trillion rubles.

Spokesperson
30.05.2020
Will the U.S. oil shale industry be able to quickly recover from the crisis: A Review by Chaslau Koniukh
Analytics

Will the U.S. oil shale industry be able to quickly recover from the crisis: A Review by Chaslau Koniukh

Spokesperson
16.05.2020

Popular Posts

  • Spain’s economy performs best in the EU
  • Li Ka Shing: How can success be achieved without money and education?
  • Skolkovo analysts: the Russian energy market is suffering losses
  • Ingeborg Mootz: a woman who became a stock player at the age of 75
  • Analysts: Egypt’s economy to continue falling in 2023
Expert Chaslau Koniukh
  • Facebook
  • Twitter
  • Instagram

© 2024 CHASLAU KONIUKH. ALL RIGHTS RESERVED. Expert in marketing and project management, international investments, financial analyst.

Menu

  • Biography
  • Companies and corporations
  • Global investment
  • Investors and Entrepreneurs
  • Economy
  • Market terminology
  • Stock Market
  • World exchanges
  • Tech and Marketing
  • Analytics