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European Bank 'Unlikely' To Fund Baltic Pipeline

(RFE/RL) February 8, 2007 -- The president of the European Investment Bank, Philippe Maystadt, said today the bank is unlikely to finance a natural-gas pipeline from Russia to Germany under the Baltic Sea because of opposition by central European countries.

Poland and the Baltic states have been hostile to the pipeline, which will bypass them.

The joint German-Russian project is expected to cost $6 billion.


Russia And Global Energy Security

Russia And Global Energy Security

An oil field in Russia's Republic of Bashkortostan (TASS file photo)

ENERGY SECURITY is increasingly moving to the top of the EU's agenda in its dealings the outside world. A recent report identifies the European Union's main energy objectives as not just securing gas and oil deliveries from Russia, but also ensuring that it has reliable alternative sources, including in Central Asia. Nonetheless, EU officials say relations with Russia take center-stage in their thinking....(more)


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Moscow Gets Tough With The EU

Turkmenistan: The Achilles' Heel Of European Energy Security

U.S. Official Urges Reforms In Energy-Producing Countries


A complete archive of RFE/RL's coverage of energy issues in the Caspian Sea region and Russia.