Will Greece-Russia gas deal threaten EU energy security?

Recent attempts of Russia to secure its dominant position on the European natural gas market via enforcing ties with the leaders of certain EU member countries such as Greece and proposing the development of the “Turkish Stream” – the infrastructure project that will only increase Europe’s dependence on Russian gas - are met with skepticism in Brussels. Europe's response to this challenge is increase in energy trade with major gas producers in the Caspian region – Azerbaijan and Turkmenistan. Energy cooperation between these countries, Turkey and the EU are expected to be mutually beneficial and, what is even more important, to solve one of the top priority energy-related issues in the Old World – decrease of Russian political influence connected with its status of the biggest supplier of natural gas to European market. This article analyses the problems that need to be solved in order to overcome the mentioned issues from both political and economic perspectives.