“The European Union worked hard to improve gas flows after the energy crisis sparked by Russia’s full-scale invasion of Ukraine, but it missed a golden opportunity.” Sergiy Makogon discusses the underutilization of the Trans-Balkan Pipeline (TBP), which could significantly enhance European energy security by diversifying gas flows and reducing reliance on Russian gas. Despite its potential, the TBP is hindered by high transit costs due to competitive national tariffs and regulatory fragmentation. Makogon calls for a unified tariff methodology and better integration of existing infrastructure to unlock the pipeline’s capacity, ultimately supporting the EU’s goals to decrease dependency on Russian energy.
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“The European Union worked hard to improve gas flows after the energy crisis sparked by Russia’s full-scale invasion of Ukraine, but it missed a golden opportunity.” Sergiy Makogon discusses the underutilization of the Trans-Balkan Pipeline (TBP), which could significantly enhance European energy security by diversifying gas flows and reducing reliance on Russian gas. Despite its potential, the TBP is hindered by high transit costs due to competitive national tariffs and regulatory fragmentation. Makogon calls for a unified tariff methodology and better integration of existing infrastructure to unlock the pipeline’s capacity, ultimately supporting the EU’s goals to decrease dependency on Russian energy.