Caspian Gas To Boost Europe's Energy Security

BMI View: We believe that European energy security will improve over the medium term, through both regional discoveries and a Caspian Sea natural gas pipeline. The most likely scenario for bringing Caspian Sea gas to Europe will be the construction of multiple interconnected pipelines, each owned and financed separately, rather than one single pipeline project. This view is confirmed by the selection of two final pipeline proposals for the southern gas corridor, Nabucco West and TAP.

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