CaspianReport

Caspian pipeline politics of Europe, Russia and China (2014x13)

: 01, 2014

Russia supplies more then 25 percent of Europe's hydrocarbon needs. Ever since the natural gas cutoffs in 2006 and 2009, the European countries have been searched for ways to reduce their dependency on Russian oil and natural gas. In this context, the crisis in Ukraine has sparked a new drive for the search for alternative sources of energy. One project that is of particular interest, but underappreciated in the media, is the Trans-Caspian pipeline. If realized it would significantly change the energy map of Europe in the long term.