BP (BP +1.2%) is set to invest in two pipeline projects aimed at carrying Caspian natural gas to...

|About: BP p.l.c. (BP)|By:, SA News Editor

BP (BP +1.2%) is set to invest in two pipeline projects aimed at carrying Caspian natural gas to Europe, in a sign it is doubling down on its involvement in the Shah Deniz project despite a projected 25% rise in costs. The EU sees the project as key to its energy security because it will start relieving the bloc's dependence on Russian imports.