DAVID BLACKMON: EU Must Ratify Trump’s Turnberry Deal Or Forfeit First Call On US LNG

(Photo by Alex Wong/Getty Images)

The European Union, scrambling to fill a natural gas deficit created by the shutdown of Qatar’s LNG exports, is experiencing a classic ‘FAFO’ moment in its U.S. trade negotiations.

This week, U.S. Ambassador to the EU Andrew Puzder delivered a blunt, no-nonsense message to Brussels: Ratify the Turnberry agreement – the sweeping U.S.-EU trade pact hammered out last July at President Donald Trump’s Scottish golf resort — without amendment, or Europe could forfeit the favorable access to American liquefied natural gas it has come to depend on since ditching Russian pipeline supplies.“

“If the Turnberry agreement is not implemented, we will go back to square one,” Puzder told the Financial Times. “I don’t really know where we will end up. I believe the United States will continue to want to do business with Europe, but the conditions may no longer be so favorable.”

Translation: Play ball, or the LNG cargoes that now make up 58 percent of Europe’s imports will start heading to higher-paying customers in Asia and elsewhere. In fact, several such cargoes have already undergone mid-sea rerouting in search of higher profits. (RELATED: Climate Change Reparations Melted By New Court Ruling In Deep........

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