03:21 PM EDT, 09/10/2025 (MT Newswires) -- Exxon Mobil ( XOM ) expects the European Union to sign multi-decades contracts for US gas as part of its $750 billion pledge to buy American energy, Financial Times said Wednesday, citing a company executive.

Calling Europe as the "most important market" for US LNG exports, Peter Clarke, senior vice-president of Exxon's liquefied natural gas business, said that the continent now needs "to figure out how it supports long-term contracting," according to the report.

Until recently EU has had a strategy to protect its climate goals by containing and trying to limit fossil fuel usage, but this strategy has come under attack amid heavy pressure from the US, Financial Times reported.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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