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European Union: Southern Gas Corridor July 11, 2019

European Union: Southern Gas Corridor

The Southern Gas Corridor is a major initiative by the European Union (EU) to diversify its energy supply, and thereby reduce its dependence on a single supplier.

After years of talks between the EU and countries concerned, a plan was proposed in 2008 to build a southern corridor, with projects including the Nabucco Gas Pipeline. This EU-funded 3,300-kilometer-long pipeline project seeks to ship gas from the Caspian Sea to Austria and onward to other European countries via Turkey, Bulgaria, Romania and Hungary. With an estimated investment of 7.9 billion euros, the pipeline is expected to deliver 31 billion cubic meters of natural gas annually.

There are still daunting challenges in selecting sources of supply and pipeline routes and addressing international dynamics before the concept of this corridor can become a reality. The EU's path to energy security remains protracted.