LNG stocks jump after European Union agrees to massive U.S. energy purchases

Source: CNBC

Published Mon, Jul 28 20259:55 AM EDTUpdated 5 Hours Ago

By Spencer Kimball

Shares of liquified natural gas, or LNG, companies jumped Monday after the European Union agreed to purchase $750 billion of energy from the U.S.

LNG exporters Cheniere and Venture Global were up about 3% and more than 4%, respectively. NextDecade and New Fortress Energy, which build LNG infrastructure, jumped more than 2% and about 3%, respectively.

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 products will diversify our sources of supply and contribute to Europe’s energy security,” Von der Leyen said in a statement over the weekend. “We will replace Russian gas and oil with significant purchases of US LNG, oil and nuclear fuels.”


A 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 | Reuters

Read more: https://www.cnbc.com/2025/07/28/lng-stocks-jump-after-european-union-agrees-to-massive-us-energy-purchases.html