The race for energy reserves is entering a crucial phase. Contracts are being signed and pipelines planned that will determine who controls the world's most important energy resources over the coming decades. Meanwhile, the countries of the EU are unsuccessfully trying to reduce their dependence on Russia. » more
In the last 20 years the absolute natural gas reserves have increased enormously. The Middle East, Europe and Eurasia have access to the largest shares of global natural gas reserves, but as with oil, the decrease in the development of new gas fields stands in discrepancy to the increased energy demand. » more
Russia is trying to gain control over Europe's energy supplies by dictating prices and expanding its pipeline projects while Europe tries to reduce its dependence on Russian gas and oil reserves. The Nabucco pipeline sparked new hope. » more
The conflict in the Caucasus has intensified with Russian President Dmitry Medvedev's acknowledgement of the independence of South Ossetia and Abkhazia. How should the EU react to Russia's latest move?
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