ML-Implode News - Greek Pipeline Breakthrough To Challenge Russian Gas Dominance In Europe

The Trans-Adriatic Pipeline (TAP) will connect the Caspian Sea to European markets, providing Europe with another large source of natural gas that will help the continent diversify away from Russia... The pipeline projects are part of what is often referred to as the "Southern Corridor" for European gas. For years Europe has pressed for a gas pipeline through the southern corridor that would offer it an alternative to Russian gas.
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And back when Nabucco was in vogue, Russia pushed hard for its own route through Southern Europe. The so-called South Stream Pipeline would have sent Russian gas beneath the Black Sea to Bulgaria. European regulators worked hard to derail that pipeline on anti-competition grounds.
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From the perspective of the U.S. government, TAP will reduce Europe's dependence on and vulnerability to Russia; in essence, it is a major geopolitical victory. U.S. Secretary of State John Kerry, in a congratulatory letter to Greece's Prime Minister, said that TAP is a "prime example of infrastructure that enhances European energy security."

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Greek Pipeline Breakthrough To Challenge Russian Gas Dominance In Europe