• Natural Gas News

    New Eastern Europe: Spotlight on Baku

    old

Summary

Russia will hardly stand idly as an observer while its strongest leverage loses position and will never welcome such huge volumes of gas entering Europe

by:

Posted in:

Press Notes

New Eastern Europe: Spotlight on Baku

Analysts warn Europe might face roadblocks from Moscow after official statements favouring Caspian gas were issued. Europe's aspiration of independence from Russian supplies aims to score long-term political commitment. The Russian-favored Turkish Stream is joining the race to bring gas to Europe introduced many new challenges in this regard.

Recent developments show that all steps taken to realise the blue energy routes from the Caspian basin in the direction of Europe may shake up existing plans. The Ukraine crisis was indeed a wake-up call that has raised awareness to the importance of an energy security strategy for the EU.

Brussels recognised the importance of diversification and said it would be targeting Algeria, Turkey, Azerbaijan, Turkmenistan, the Middle East, Africa and other potential suppliers to ensure its energy security.

Read more from New Eastern Europe HERE