Conflict in Ukraine has triggered intense concern about the reliability of exports from Russia, which supplies almost 27 per cent of the gas that the EU uses. Maros Sefcovic, the European Commission vice-president in charge of Europe’s energy agenda, emphasises the need to diversify away from Gazprom, Russia’s gas export monopoly.
Since taking on his portfolio late last year, Mr Sefcovic has prioritised the $45bn “southern corridor” pipelines that will bring gas into southeastern Europe from the Caspian Sea region and potentially the Middle East. The final section of this network will be the Trans-Adriatic Pipeline, partly owned by BP, which will run to Italy and is due to provide Europe with 10bn cubic metres of Azeri gas by 2020. Read more at http://www.ft.com/
