Obama: Trade deal would ease U.S. gas exports to Europe

Photo: Obama: Trade deal would ease U.S. gas exports to Europe / Politics

A new transatlantic trade deal currently under negotiation would make it easier for the United States to export gas to Europe and help it reduce its dependency on Russian energy, U.S. President Barack Obama said on Wednesday, Reuters reported.

"Once we have a trade agreement in place, export licences for projects for liquefied natural gas destined to Europe would be much easier, something that is obviously relevant in today's geopolitical environment," Obama told a news conference after meeting EU leaders, adding that it could not happen overnight.

EU negotiators are pressing U.S. counterparts to agree to allow exports of LNG to the European Union in part to lessen its reliance on Russia, which provides about one-third of Europe's oil and gas supplies, 40 percent of it through Ukraine.

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