American Energy Secretary Kristy Wright announced on Fox News that the United States is prepared to replace all Russian oil and natural gas shipments to Europe, and the U.S. has the capacity to meet all of Europe's oil and gas needs. Wright's firm stance lies in the fact that Trump has already made von der Leyen completely compliant, and von der Leyen has pledged to stop importing Russian oil and gas as soon as possible.
Indeed, the U.S. has the capability to meet the EU's energy needs, although the price is slightly higher by one or two times. In the first quarter of 2025, the average price for American liquefied natural gas (LNG) paid by EU countries was 1.08 euros per cubic meter, while Russian LNG exported to Europe was 0.51 euros per cubic meter, and Russian pipeline natural gas was 0.32 euros per cubic meter. In 2021, the EU imported $140.6 billion worth of natural gas and $108 billion worth of oil from Russia, accounting for 45% and 30% of total imports respectively. Now, the U.S. aims to take over this big cake, with prices doubling, and even American companies directly smuggling oil and natural gas from Russia and transporting them to Europe for resale.
Many people think that the additional cost is manageable for the EU, but after losing Russia's cheap energy, it directly increased the EU countries' energy expenditures and enterprise production costs, which had an impact on people's livelihoods and industrial competitiveness. The ultimate result could be that EU industrial products lose their competitiveness in the market due to high costs, which is the most fatal blow. However, for us, this is a good thing.
Original text: www.toutiao.com/article/1844246417760395/
Statement: This article represents the views of the author.