Pipeline Politics: Importance of the Southern Gas Corridor for the European Energy Security
The European Union (EU) is the largest market for natural gas exports. The EU imports more than 50% of its total natural gas consumption. EU’s energy mix is diverse, but natural gas maintains an important role – 25% of the EU’s total energy mix. Natural gas is vitally important due to its frequent use in residential sector (36.9 %). The EU as the largest importer of natural gas- brings 40% of its total supplies from a single supplier, Russian state-owned company Gazprom. After the ...