andreasnewyorkcity

EU Negotiations On Proposed Caspian Pipeline Begin

In Belgian, European Union, Global Economics, ICE Brent Crude oil, macroeconomic factors, Multibillion, price volatility in energy, spillover effect on September 13, 2011 at 5:48 am

The European Commission will lead negotiations on behalf of a EU proposed pipeline, which is part of a planned effort with Azerbaijan and Turkmenistan to bring natural gas from the world’s fourth-largest reserves across the Caspian Sea to Europe. The deal is designed to reduce EU dependence on Russian gas imports.

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