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Publication / 23 January 2015

Pipe Dreams: why public subsidies for Lukoil in Azerbaijan will not reduce EU dependency on Russia

The Southern Gas Corridor, the EU’s new energy project, is not only unnecessary in light of gas demand projections, but also seems likely to fall short on the much flaunted goal of bringing energy independence from Russia. This study, done by Bankwatch Network (of which Both ENDS is a member), Re:Common, Platform, and urgewald, sheds light on the lack of benefits of this huge project, and on its negative consequences.

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