- Two European energy giants, Italy’s Eni and Germany’s SEFE Energy, sign 20-year deals to buy U.S. LNG from Venture Global.
- Agreements strengthen Trump’s “America First” energy strategy and reduce Europe’s reliance on other gas suppliers.
- Deals come as Trump announces 30% tariffs on EU goods and billions in AI and energy investments in Pennsylvania.
Two major European energy giants have locked in long-term agreements to buy American liquefied natural gas (LNG), a major win for President Trump’s push to strengthen U.S. energy dominance and trade relations.
Venture Global, an Arlington, Virginia-based energy company, will supply Italy’s Eni with 2 million metric tons of LNG annually for 20 years. “The agreement is Eni’s first long-term LNG supply from the United States and represents a significant milestone in Eni’s strategy to expand and diversify its global LNG footprint, enhancing portfolio flexibility,” the company said, adding that some volumes will help diversify Europe’s gas supplies.
In April, Italian Prime Minister Giorgia Meloni assured Trump her country would boost imports of American LNG to improve trade ties, according to Reuters.
Germany is also deepening energy cooperation. Venture Global announced a separate 20-year deal to deliver 750,000 metric tons of LNG annually to Germany-based SEFE Energy. “Venture Global is thrilled to expand our strategic partnership with Germany and SEFE and play a leading role in ensuring security of energy supply and affordability for not only Germany but the rest of the European gas market,” CEO Mike Sabel said.
The announcements follow German Chancellor Friedrich Merz’s June visit to Washington, where he and Trump pledged to strengthen trade ties.
Earlier this week, Trump announced a 30% tariff on EU goods starting August 1, citing trade deficits and national security. He also visited Pennsylvania Tuesday to unveil billions in new state investments in AI and energy.