Europe’s energy independence: Opportunities for the Biden Administration
In 1906, the South Caucasus’ first energy pipeline was completed, connecting Baku on the Caspian Sea with Batumi on the Black Sea. More than 115 years later, this pipeline, measuring a mere eight inches in diameter and transporting kerosene, has been replaced with a modern network of natural gas and oil pipelines connecting the heart of Asia with Europe. With proper investment and the correct policies, even more oil, gas, and other goods will be flowing from the Caspian region to Europe and global markets.