Economist.com
"Energy security in Europe
Dependent territory
Aug 21st 2008
From The Economist print edition
The war in Georgia puts energy security back on Europe’s agenda
OFFICIALLY, the European Union is no more worried about the closure of two oil pipelines running through Georgia than are the world’s oil traders, who have so far shrugged off the news. After all, less than 3% of Europe’s oil imports come from Azerbaijan via Georgia, according to the European Commission, and none of its gas. The commission plans to do no more than “monitor the situation closely”."
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