Economic and Strategic Expectations from Trans Anatolian Natural Gas Pipeline Project
10 Pages Posted: 23 Dec 2013
Date Written: September 21, 2013
he Republic of Azerbaijan is one of the oil and gas rich countires of the former Soviet Union. After the second stage of the Shah Deniz gas field, natural gas exltation and exportation became one of the key issues in Azerbaijan’s oil and gas stategy. Diversification of the oil and gas transportation is key issue for Azerbaijan’s energy security policy. In this regard, TANAP is one of the important project after Baku -Tbilisi-Ceyhan oil pipeline. TANAP is proposed natural gas pipeline for transporting Azerbaijani natural gas through Turkey to Europe in two directions. The project is firstly announced on 17 November 2011 at the Third Black Sea Energy and Economic Forum in Istanbul and singed on 26 June 2012. By starting 2014 and finishing 2018, TANAP will cost billion USD and will be the capacity of 23 billion cubic metres by 2023 and 31 billion cubic metres by 2026. In this paper, expected strategic and economic outcomes of TANAP are analyzed.
Keywords: TANAP; Energy; Oil; Natural gas; Pipeline
JEL Classification: F1, F13, Q40, Q43
Suggested Citation: Suggested Citation