English original of the public speech printed in translation as “Amerika Birleşik Devletleri'nde Orta Avrasya Araştırmaları,” in Türkoloji ve Türk Tarihi Araştirmalari, vol. 1, Siyaset/Dil ve Edebiyat/Kültür (Ankara: Yeni Türkiye, 2002), pp. 30–32.
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In late 2000, the EU and Russia began extensive high-level commercial talks about the prospects for European importation of Russian energy resources over the course of coming decades. However, Russia's failure to pursue adequate investment in its natural gas industry would require significant capital outlay from the European side in order to increase imports significantly. In essence, an entirely new pipeline system would have to be constructed in order to satisfy Europe's upcoming energy requirements, whether in gas or in oil. Because it is ecologically cleaner, the EU had taken a policy decision in favor of gas. The European Commission began to look still more definitely towards Iran to satisfy at least some of its long-term gas demand, as well as to put price pressure on Russia.
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