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30.11.2017 16:18
Tillerson: U.S. Ready to Work with European Allies to Diversify Natural Gas and Oil Supplies
Exxon ex-CEO confirmed U.S. support for the interconnection between Greece and Bulgaria

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The United States is “eager” to work with its European allies to develop natural gas and oil infrastructure to help diversify the continent’s energy supply, Secretary of State Rex Tillerson said, quoted by Natural Gas Intelligence.
The former ExxonMobil Corp. chief discussed the shared goals of the United States and Europe and offered recommendations on how to strengthen their alliances -- and their energy security.
Russisa‘s incursion in Ukraine in 2014 “made clear how energy supplies can be wielded as a political weapon,” Tillerson said. “Enhancing European energy security by ensuring access to affordable, reliable, diverse and secure supplies of energy is fundamental to national security objectives.”
The United States is “liberalizing” the rules governing liquefied natural gas (LNG) and crude oil exports, “and we’re eager to work with European allies to ensure the development of needed infrastructure like import terminals and interconnecting pipelines to promote the diversity of supply to Europe.”
President Trump said the United States would provide technical support for Croatia’s Krk Island Project, underway by LNG Croatia LLC, Tillerson noted. The export project is designed to provide a gas supply route for central and southeastern European countries, Natural Gas Intelligence reminded. Expect more partnerships, Tillerson said.
“The United States will continue to support European infrastructure projects, such as LNG-receiving facilities in Poland and the Interconnector Greece Bulgaria pipeline, to ensure that no country from outside Europe’s Energy Union can use its resources or its position in the global energy market to extort other nations,” he said.
However, the United States continues “to view the development of pipelines like the Nord Stream 2 and the multi-line TurkStream as unwise, as they only increase market dominance from a single supplier to Europe.”
“Playing politics with energy supplies is not the behaviour of a responsible nation,” Tillerson said of Russia.
While the United States wants Russia “to be a constructive neighbor of Europe and of the larger transatlantic community, that is Russia’s choice to make. Russia can continue to isolate itself, or it can become a force that will advance the stability of Eurasia.”

TAGS: United States | Rex Tillerson | European allies | Europe | infrastructure | natural gas | oil | diversification | energy supply | energy security | Russia | liquefied natural gas | LNG | gas pipelines | IGB interconnector | Nord Stream 2 | Turkish Stream | terminal 

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