The EU wants to build an energy strategy in the Caspian region

Energy security has come back again to the forefront of the European Union’s international political agenda. The EU is trying to deepen its energy relations with the former Soviet republics in the Caspian region through the so called “Baku Initiative”, aimed at creating a Black Sea/Caspian regional energy community shaped on Brussels’ energy rules. Even though it will not alter the current pattern of energy trade in the Eurasian space, it will help in the long run to build more market-friendly energy relation between the EU and Caspian energy producers.
Caucaz