The E.U. Southern Gas Corridor and the Persian Gulf: Prospects for Development and Security of Gas supply
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The document discusses prospects for developing the EU Southern Gas Corridor and securing gas supply from Iran. It notes that EU gas demand is increasing while domestic production is declining, forcing the EU to import over 60% of its gas, mainly from Russia, Algeria, and Norway. Completing the Southern Gas Corridor pipelines could help diversify EU gas sources and routes but faces challenges, as none have reached a final investment decision. Integrating Iranian gas could help enable the pipelines and ensure the EU's gas security by providing access to Iran's large reserves and strategic connection to Turkey. However, geopolitical issues have delayed a gas trading agreement between the EU and Iran.
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