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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