Financial Times FT.com

EU plan to loosen Russia’s grip on energy

By Joshua Chaffin in Brussels

Published: November 13 2008 15:51 | Last updated: November 13 2008 22:49

The European Commission has proposed a new company to bring gas from central Asia to Europe via the Caspian Sea in a move likely to raise tensions at Friday’s meeting of EU and Russian leaders.

The Caspian route, which would require the construction of a new pipeline, would enable the EU to bypass ­Russia in order to access the resources of Kazakhstan and Turkmenistan, which last month announced it had ­discovered one of the world’s biggest gas fields.

You have viewed your allowance of free articles. If you wish to view more, click the button below.

Read this