US should commit to sending oil to Europe – EU Trade Commissioner

US should commit to sending oil to Europe – EU Trade Commissioner

EU Trade Commissioner Karel De Gucht wants to see oil and natural gas exports from the US to Europe included in the forthcoming transatlantic trade deal which will create the world’s largest free trade zone.

Europe wants US oil and gas to help offset its dependence on Russian energy. About 30 percent of Europe’s total gas requirement comes from Russia, approximately half of that is vulnerable should Ukraine cut supplies, as happened in 2006 and 2009.

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