Focus: US “to pour” gas upon the EU
The US would literally “pour” cheap natural gas upon EU countries if Washington and Brussels sign the Transatlantic Trade and Investment Partnership, Hendrik Bourgeois, Vice-President European Affairs at General Electric and President of the American Chamber of Commerce in Bulgaria (AmCham) to the EU stated at a conference of the AmCham.
In his words it is a well-known fact that the shale revolution led to low prices in the US without precedent. If customs duties and other trade restrictions are abolished the US is capable of supplying natural gas to ports in Europe and thus reducing natural gas price in the EU, he said, as cited by the Trud daily.