Controversy surrounds the construction of the Russian-German Nord Stream pipeline as well as the proposed South Stream pipeline. Measuring the utility of these pipelines and gauging their value be it economic, utilitarian or security in orientation has been problematic until now. Edward Christie of the Vienna Institute of International Economic Studies provides an adept analysis that clarifies these issues and sets the stage for further analysis of third-country pipelines coming into the European Union and their potential utility for enhancing European energy supply security.