AzerNews: Caspian hydrocarbons credible relief to Europe's energy deficiency
Russia’s decision to demise a Black Sea pipeline designed to supply gas to Europe opened a new page in the history of rivalry for energy market of South and East Europe, along with reviving the discussions over the Caspian-Black Sea-Europe energy bridge.
The European Union sees the Black Sea region as a “link” between Europe and the Caspian region -- real and promising factor ensuring its energy security. The Black Sea region is quite important area due to availability of alternative ways of transporting energy carriers and transport corridors, connecting Europe and Asia.
So, the Caspian hydrocarbons gain more credibility to overcome possible energy crises threatening the Euro area amid the recent developments taking place in the vast region.