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Caspian-Black Sea-Europe energy corridor valued at €22 billion
Original: Caspian-Black Sea-Europe energy project valued at €22B
A major energy project linking the Caspian and Black Sea regions to Europe has been valued at €22 billion. The initiative is aimed at expanding energy supply routes from the South Caucasus toward European markets, part of broader efforts to diversify Europe's energy imports away from Russia. Further details on timelines, funding and participating countries have not yet been made clear.
Why now: Europe's push to diversify energy supplies away from Russia keeps Caspian-to-Europe corridor projects in the spotlight.
AzerbaijanEuropean UnionCaspian SeaBlack Sea
Evidence
- Caspian-Black Sea-Europe energy project valued at €22B · Latest news from Azerbaijan
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