Over recent years, the European Union has been increasingly exploring new alternative routes and sources for natural gas due to energy security concerns, mostly associated with the Russian - Ukrainian circumstances and the significant role which natural gas is expected to have in the future. Currently it is considered as "the transition fuel" to the future green-energy reality. The so-called Southern Gas Corridor (SCG) is one of the most significant alternative routes and after years of planning its estimated completion date is rapidly approaching. Considerable progress has been shown towards the completion of this project, some challenges, including regional security issues, local opposition along parts of the route, stagnant demand in Western Europe and the consistently decreasing cost of imported Liquified Natural Gas (LNG), still remain.
In this context, this book has invited a series of experts in the field to discuss, in detail, the current state of the SGC, elaborate on the challenges and opportunities that lie ahead and investigate possible geopolitical and economic implications. The book consists of 11 distinct chapters, each one focusing on a different aspect on the global gas and LNG markets, in respect to the SGC and the wider South-Eastern (SE) Europe region. These aspects include the discussions regarding the need for a decarbonized European Union, the security of supply issue, the role of several countries in the SE Europe region and the potential imports from non-EU countries.
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Sponsor: BP Azerbaijan