Vice-President Šefčovič joins U.S. President Trump in opening an LNG export terminal
In the Joint EU-US Statement of July 2018 agreed by President Jean-Claude Juncker and U.S. President Donald Trump, it was decided to strengthen strategic transatlantic cooperation on energy. In particular, the European Union expressed its ambition to import more liquefied natural gas (LNG) from the United States to diversify its energy supply.
In the end of April U.S. liquefied natural gas exports to the EU were up by 272%. It is in this context that on Tuesday 14 May, Vice-President Maroš Šefčovič in charge of the Energy Union will join the President of the United States Donald Trump in getting a first-hand look at the Cameron LNG export terminal in Hackberry in the U.S. State of Louisiana, which is expected to launch first shipment in the second half of this year.
Transatlantic cooperation on LNG is a perfect match. Europe has an attractive, well-integrated gas market that is ready to welcome more competitively priced LNG from the US. By doing so, we will significantly boost Europe's energy security as well as open new business opportunities on both sides
Said Vice-President Šefčovič ahead of the visit, recalling that Europe's LNG import capacity stands at 210 billion cubic meters, about half of our gas consumption.
On Wednesday 15 May, Vice-President Šefčovič will hold a roundtable discussion on the European and global geopolitics of energy at the Center for Strategic and International Studies and will meet representatives of the U.S. Chamber of Commerce in Washington D.C. The visit will conclude with bilateral talks with Larry Kudlow, Director of the National Economic Council under President Trump's Administration.