Europe’s growing and seemingly insatiable need for a study supply of fuel to maintain its industrialized status including the so-called European standard of living’ requires a flow of oil/gas from diversified sources without putting all eggs in one basket in order not to jeopardize its economic independence. At the same time, member states of the European Union need reasonable prices so as not to incur a heavy and unfeasible cost on their development projects.

The following paper is an attempt to pinpoint the various oil/gas pipelines flowing into Europe from Russia, Turkey and the Caucasus/Caspian Region, North Africa, and the potential of Iran, which has the world’s 2nd largest natural gas reserves. The study also focuses on problems in this regard including geopolitical issues.

Download