The natural gas portfolio of the new European Commission (EC) seeks to ensure security of supply throughout Europe. Simultaneously, it has to determine a role for natural gas towards the envisioned carbon-neutral EU economy of 2050. The EU was first compelled to advance the supply-security aspect of natural gas after the 2006 and 2009 interruptions […]
Looking into the fundamentals of the EU’s energy security strategy, a steadfast resoluteness is evident on the promotion of gas-on-gas competition, supported by benchmark hubs, although the costly field development outside of the Union has always been combined with the guarantee of long-term contracts.
Following the August signing of the Convention on the legal status of the Caspian Sea, the Southern Gas Corridor (SGC), a large-scale gas pipeline project that aspires to connect the region’s copious hydrocarbon resources to the European markets, has been drawn back into international debate. The present article illuminates how the SGC enhances the […]