ExxonMobil Seeks Long-Term EU Gas Deals Amid US Energy Pact

The European Union is shifting toward long-term liquefied natural gas (LNG) supply agreements with United States exporters to reduce reliance on Russian energy. This transition follows a commitment by European Commission President Ursula von der Leyen to President Donald Trump for the EU to purchase $750 billion of U.S. oil and gas by 2028.

ExxonMobil is actively seeking multi-decade contracts to capitalize on this shift, with the company developing the Golden Pass LNG plant in partnership with QatarEnergy for a 2026 commissioning. The corporation currently sells approximately 80% of its LNG through long-term contracts and views the expanding European infrastructure as a logical catalyst for further commitments. Recent 20-year deals signed by Germany's SEFE and Italy's Eni with Venture Global illustrate this trend.

Individual European energy firms are also securing specific supply chains. Italy's Edison energy group, owned by France's EDF Group, signed a 15-year agreement with Shell International Trading Middle East Limited FZ to import roughly 0.7 million tons of U.S. LNG annually starting in 2028. The U.S. already provides 55% of the EU's LNG imports, a figure that could rise to 66% as Europe continues to diversify its energy sources.