Wednesday, 26 March 2014

US to sell more gas to Europe, said Obama

American president announced the country is ready to increase exports, but all will be easier once free trade agreement will be in place

US president Barack Obama
by Emanuele Bonini

The United States «are ready» to export more gas in Europe as response to the Ukrainian crisis and the deterioration fo diplomatic ties with Russia, but any eventual decision will depend on the outcome of the Transatlantic Trade and Investment Partnership (TTIP) negotiation, still ongoing. «We are ready to grant additional energy sources», told US president Barack Obama at the end of EU-US summit held today in Brussels. «We already licensed, authorized export of as much natural gas each day as Europe uses each day, and let me add that once we have a TTIP in place licences for export of liquefied natural gas to Europe will be much easier». So, the European Union will have to be ready to recognize something in return of the American offering. Europe stands ready to listen to the White House requests, and next week in Brussels an extraordinary Energy council meeting - scheduled for April, the 2nd - will discuss the issue. For the first time a EU minister council will be opened to a non-EU country, in this case to the United States.

«Our teams are going to meet already next week to discuss some issues in terms of energy cooperation between Europe and the United States», announced the president of the European Commission, Josè Manuel Barroso. On Wednesday Barack Obama's administration will send to Brussels the Secretary of State, John Kerry, in order to set out a roadmap to create a Transatlantic partnership on energy. European leaders Josè Manuel Barroso and Herman Van Rompuy reacted positively to Obama's announcement. «We welcome the prospect of US LNG exports in the future since additional global supplies will benefit Europe and other strategic partners». Barroso added this announcement means «to reduce dependence from difficult spots». He was referring to Russia, but he didn't say it. However Obama pointed out the necessity of a European strategy, explaining the US will not provide all the aid Europeans need. «I think Europe should examine collectively how to diversify energy sources, and the United States can be on of these sources».

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