For a quarter of a century, Russia has been Europe’s single biggest gas supplier, providing about a third of all the gas the European Union uses each year.
Europe Tries to Break Its Russian Gas Habit
Tag Archives: nabucco
Gas pipe deal aims to end Russia’s monopoly
Officials from six countries gathered Monday in Turkey and signed a deal to build a U.S.-backed pipeline, aimed at breaking Russia’s near-monopoly on natural gas supplies to Europe. The proposed Nabucco pipeline would run from Turkey’s eastern border, through Bulgaria, Romania and Hungary, to a key gas terminal in Baumgarten, Austria. Germany is also a partner in the deal, which is being signed in the Turkish capital, Ankara.