The Southern Gas Corridor:
Challenges to a geopolitical approach in the EUís external energy policy
Finnish Institute of International Affairs
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is considered an important component of the EU energy mix, both as a
replacement for more polluting fossil fuels and as a back-up for intermittent
renewable energy production. However, declining domestic production has led to
an increase in EU import dependency on gas.
Ukraine crisis, the EU has become wary of energy interdependence with Russia,
its main external supplier. This led the Union to accelerate the integration of
its internal gas market and to support new pipeline projects, most notably the
Southern Gas Corridor (SGC).
will transport Azeri gas to South Eastern Europe, but faces numerous challenges
related to its geopolitical nature. These include the lack of access to
significant gas resources, security-related risks along its route and
geopolitical competition from Russia and China.
The EU can
reduce its exposure to external supply shocks by pursuing market integration
and a more ambitious agenda focusing on renewable energy and energy efficiency,
which will decrease its reliance on fossil fuels.