Risky business - Who benefits from the Southern Gas Corridor
Publisher: CEE Bankwatch Network
Volume: 92 pages, pdf
Description:
The Southern Gas Corridor, a 3,500 kilometre system of pipelines meant to bring gas from Azerbaijan into Europe, is the new pet project of the European Union in the energy sector. It is presented as a panacea for all ills: reducing Europe’s reliance on Russian gas, contributing to the move away from coal, and bringing energy and business to the poorer southeastern Europe. It is set to benefit from some of the biggest loans in the history of European public banks.