Pipeline Agreement between Greece, Bulgaria and Russia

Answer:  The United States supports the development of alternative sources of oil and gas and a market-based system that fosters competition between suppliers. 

The United States welcomes construction of multiple pipelines to provide a commercially viable and environmentally sound way to export Caspian oil and gas to the global market.  Burgas-Alexandropoli can be an important component of this vision, as it demonstrates its commercial viability in a competitive market for export routes that can reduce the transit cost for Russian and Kazakh crude into the world market.  By bringing increased quantities of oil onto the global oil market, Burgas-Alexandropolis will benefit consumers, and hopefully reduce cost pressure in the oil marketplace.

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