Southeast Europe's "Vertical Corridor" to Reshape Gas Transit

Countries in southeastern and central Europe have begun working together to create a new gas transit route to help compensate for the loss of Russian gas exports to Europe following Russia's invasion of Ukraine. If realized, the "Vertical Corridor" would offer Azerbaijan a new route to export its gas to east and central European markets and, as such, could help Baku to meet its pledge to the European Union to double its gas exports to Europe to 20 billion cubic meters a year by 2027.  The planned new route would mainly utilize existing pipelines…