The Significance of Southern Gas Corridor for European Energy Security - Myth or Reality?

Abstract

Taking into consideration the obvious fact that Kremlin`s threatening and manipulative rhetoric is increasingly loud and severe, energy security problem is accordingly high on the European Union agenda. The paper analyses the importance of the Southern Gas Corridor - a planned infrastructure project in terms of its role in improving the security and diversity of the EU’s energy supply by bringing natural gas from the Caspian region to Europe. The article discusses if Southern Gas Corridor is a window of opportunity for Europe to lessen Russian Gas dependence significantly or just a myth. Besides, the paper reviews a strategic logic of the Southern Gas Corridor and the Italian market as a final destination of the project. In the end, direct economic benefits from the Southern Gas Corridor are presented for the countries participating in this project.