Magazine article New Internationalist

Trouble in the Pipeline

Magazine article New Internationalist

Trouble in the Pipeline

Article excerpt

Stretching 3,500 kilometres from the Caspian to the Adriatic Seas, the Southern Gas Corridor is a series of pipelines planned to run through Azerbaijan, Georgia, Turkey, Greece and Albania before making landfall on Italy's southern coast. By 2020 the project aims to deliver 16 billion cubic metres of gas to Europe annually.

Different legs of the project could soon receive billions in public money from development banks, including a loan of $1.5 billion from the European Bank for Reconstruction and Development, over $3 billion from the European Investment Bank and another $1 billion from the World Bank.

The European Commission has touted the mammoth project by stressing the need to diversify Europe's energy imports - in other words, reduce Russian gas imports. But critics warn that not only will the Southern Gas Corridor fail to substitute Russian gas, it will undermine the climate commitments the European Union agreed at the Paris climate summit and bind the EU to the autocratic regime in Azerbaijan. …

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