US LNG producers soar as EU agrees to $250bln in annual purchases
NextDecade, Venture Global, and Cheniere Energy jumped between 7% and 8.8%, with the deal bolstering the prospects for American LNG exporters as they expand to meet growing demand for cleaner-burning fuels.
The EU, seeking to phase out its dependence on Russian gas, committed to buying $250 billion annually in U.S. LNG as part of the framework trade agreement unveiled on Sunday.
The U.S. became the world's biggest LNG supplier in 2023, surpassing Australia and Qatar, as surging global prices fed demand for more exports, due in part to supply disruptions and sanctions linked to Russia's 2022 invasion of Ukraine.
The agreement imposes a 15% U.S. import tariff on most EU goods, a softer blow than markets had feared.
"Terms of the EU-U.S. trade deal were at the forefront, with the 15% tariff level better than feared (30% was mooted previously)," said Ashley Kelty, an analyst at Panmure Liberum.
"This should see less of a drag on industrial activity between the two."
Still, Kelty noted the deal could weigh on gas prices.
"The demand for the EU to buy more U.S. energy will see more U.S. LNG imports in the future," Kelty said, signalling a potential supply glut.
Shares of U.S. natural gas producers Expand Energy and EQT Corp were up 1.6% and 3%, respectively, before the bell.
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Love & Relationships Your emotional antenna is finely tuned today. Connection comes easily, especially with people who intuitively 'get you.' In a committed partnership, a simple moment of appreciation goes a long way. Singles may find meaningful vibes in unexpected conversations. Career & Ambition Creativity is flowing—this is a perfect day for brainstorming, visual tasks, or collaborative thinking. Don't let self-doubt hold you back. Feedback or validation may come from an unexpected source—stay open and cooperative. Finances Your instincts around money are balanced now. You're not in the mood for risky decisions, but you sense which opportunities feel solid. Look for small doors opening—sometimes a subtle hint is all it takes. A quiet review of subscriptions or spending habits might reveal hidden value. Health & Wellness Your sensitivity is high—create a peaceful environment around you. Journaling, meditation, or a mindful walk can help keep you grounded. Your body may crave hydration and rest—listen to it. Avoid overloading your schedule; a little downtime supports clarity. Extras: Creativity & Encouragement Your imagination is vivid—use it. Creative outlet helps you align with your inner voice. Supportive friendships feel nurturing—reach out if you need encouragement or inspiration.
