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The future of European natural gas pipelines

Europe’s natural gas pipeline network is already extensive, and we think that it is going to get bigger in the coming decades. Existing pipelines in Turkey are set to be expanded and new pipelines from Africa and the East Mediterranean Sea will probably be built. While these will bring some political benefits, such as reducing Russia’s influence over Eastern Europe, they should also intensify competition which would weigh on the European prices of both coal and natural gas.

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