*
TotalEnergies is top exporter of U.S. LNG
*
CEO Pouyanne recently asked Trump to guarantee exports to
Europe
*
Europe relies heavily on US supplies, also seeking to cut
Russian imports
By Benjamin Mallet and America Hernandez
PARIS, Feb 5 (Reuters) - TotalEnergies CEO
Patrick Pouyanne said on Wednesday that Europe should negotiate
to obtain a free-trade guarantee on U.S. liquefied natural gas
(LNG), against the backdrop of an unpredictable global trade
environment.
U.S. President Donald Trump has just imposed sweeping
tariffs on Chinese imports, to which Beijing has responded with
a 15% levy on U.S. LNG and 10% on U.S. crude oil.
Speaking to reporters after the company announced fourth-
quarter earnings, Pouyanne said that LNG export capacity in the
United States should practically double in coming years.
"But what happens if all of a sudden the U.S. decides they
must export less than they've done historically? ... We must not
pass from a so-called over-dependence on Russia to an
over-dependence on another country, even if it's an ally,"
Pouyanne said.
The global business community is having to grapple with a
wave of tariffs launched by the new Trump administration on
several countries, some of which have been suspended
temporarily.
Trump has also threatened Europe with tariffs, though he has
not yet imposed any, leaving companies facing a high level of
uncertainty.
The EU received 43% of its LNG from the U.S. last year,
making it the biggest supplier by far, according to Kpler data.
But the EU is also trying to reduce its reliance on
second-biggest supplier Russia.
The European Commission did not propose a ban on Russian
liquefied natural gas in its latest package of sanctions because
member states raised concerns about first securing alternatives
including from the United States, EU diplomats said last week.
Pouyanne asked Trump during a video conference at the World
Economic Forum in Davos last month if he would agree to
guarantee security of LNG supplies to Europe.
TotalEnergies is the U.S.'s largest LNG exporter with more
than 10 million tons under contract.
Trump responded by saying he would make sure that Europe
gets its supplies.
Pouyanne told reporters on Wednesday: "There are two types
of countries: those with free trade agreements that the
Americans have signed and under which they cannot suspend
exports, and then countries without free-trade agreements, like
Europe."
"I think it would be good for Europeans to ask the Americans
in the negotiations that are to come, for a sort of free-trade
guarantee on LNG," he said.
The European Commission did not immediately respond to a
request for comment.