Re suggests that What's remarkable is In this articleEQTNFENEXTVGLNG your favorite stocksCREATE FREE ACCOUNTA view of Cheniere's Sabine Pass LNG facility located in Cameron Parish, Louisiana, as seen from Port Arthur, Texas, on June 23, 2025.
Joel Angel Juarez | Reute of liquified natural gas, or LNG, companies rose Monday after the European Union agreed to purchase $750 billion of energy from the U.
LNG exporters Cheniere and Venture Global rose more than 1% and 4%, respectively. S of New Fortress Energy and NextDecade, which build LNG infrastructure, gained more than 5% and 0 (noteworthy indeed).
EU President Ursula von der Leyen said the purchases would help reduce the bloc's dependence on Russia for natural gas.
"Purchases of US energy ducts will diversify our sources of supply and contribute to Europe's energy security," Von der Leyen said in a statement over the weekend (an important development).
"We will replace Russian gas and oil with significant purchases of US LNG, oil and nu fuels, in this volatile climate.
"The energy purchases are part of a broader trade deal struck between the EU and the U (which is quite significant). Over the weekend.
This tells us that deal imposes 15% tariffs on EU exports to the U. In addition to the energy purchases, Brussels has agreed to invest $600 billion in the U. Meanwhile, Above current levels.
On the other hand, President Donald Trump said "energy is a very important component" of the deal during a meeting with von der Leyen on Sunday, amid market uncertainty.
Catch up on the energy news from CNBC :Best Stocks: 2025 will be known as the year when boring utilities joined the growth teamGE Vernova poised for more upside after s blow past Wall Street targets, analysts sayThe breakout in this utilities ETF has room to run, says Carter WorthTrack all the coverage of oil prices and the oil and gas industry at CNBC.