EU Seeks to Import More Gas from the Caspian Basin
EU Seeks to Import More Gas from the Caspian Basin

Author(s): Arkadiusz Legieć
Subject(s): Economic policy, Environmental and Energy policy, International relations/trade, EU-Accession / EU-DEvelopment
Published by: PISM Polski Instytut Spraw Międzynarodowych
Keywords: EU; gas; energy; import; trade; Caspian Basin;
Summary/Abstract: As part of the diversification of its gas supply sources, the EU reached agreement with Azerbaijan on 18 June to increase imports from the country. The existing capacity of the Southern Gas Corridor (SGC) is to be doubled within five years so that Azerbaijani gas becomes one of the main alternatives to Russian gas. However, the limited gas reserves on the Azeri side, the complicated legal status of the Caspian Sea, and the actions of Russia and Iran to sabotage gas export projects that bypass them on the way to the EU may prove to be severe obstacles. Increasing the SGC’s transmission capacity would be beneficial to Poland as it would limit the role of Russian raw materials on the European market.

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