Economic and Strategic Expectations from Trans Anatolian Natural Gas Pipeline Project

Academic Journal of Economic Studies, Vol. 2, No.4, pp. 23–37, December 2016

15 Pages Posted: 11 Oct 2016

See all articles by Elchin Suleymanov

Elchin Suleymanov

Baku Engineering University - Department of Finance

Osman Nuri Aras

Nile University of Nigeria

Hasanov Fakhri

Qafqaz University - Center for Socio-Economic Research; George Washington University - Research Program on Forecasting; Institute of Cybernetics - Department of Modeling Socio-Economic Processes

Date Written: December 9, 2016

Abstract

Following the successful implementation of the oil strategy, Azerbaijan began to define strategic objectives in relation to gas export policy. Currently, Azerbaijan is the only country in the region exporting gas to the international markets (Turkey, Russia, Georgia). For this reason, it is seen as “the provider and participant” of Southern Gas Corridor by EU. In this direction, Azerbaijan aims to be the country of an important and strategic natural gas exporter. From Shahdeniz field to the end European user, it targets to take part in the every ring of the value chain. These assumptions bring Azerbaijan to the position of a remarkable natural gas supplier for the export of large amount of gas to the European markets through Nabucco West. The implementation of the project with financial and technical capabilities of Azerbaijan and Turkey has made it a project to be realized between Turkey-Azerbaijan. TANAP means Turkey and Azerbaijan will emerge together in the European market for energy transportation. Along with Baku-Tbilisi-Ceyhan and Baku-Tbilisi-Erzurum, TANAP has reinforced Turkey’s position as a necessary energy corridor in delivering the energy resources of the Caspian Sea to the Western markets. In this paper, expected strategic and economic outcomes of TANAP are analyzed.

Keywords: TANAP, Azerbaijan Economy, Energy, Natural Gas Pipeline

JEL Classification: P28, L95, Q48

Suggested Citation

Suleymanov, Elchin and Aras, Osman Nuri and Hasanov, Fakhri, Economic and Strategic Expectations from Trans Anatolian Natural Gas Pipeline Project (December 9, 2016). Academic Journal of Economic Studies, Vol. 2, No.4, pp. 23–37, December 2016. Available at SSRN: https://ssrn.com/abstract=2850151

Elchin Suleymanov (Contact Author)

Baku Engineering University - Department of Finance ( email )

Baku Sumgait Road 16th km. Hasan Aliyev Str. 120
Baku, AZ0101
Azerbaijan

HOME PAGE: http://beu.edu.az/en/staff_directory/staff/elsuleymanov

Osman Nuri Aras

Nile University of Nigeria ( email )

Abuja
Nigeria

Fakhri Hasanov

Qafqaz University - Center for Socio-Economic Research ( email )

Baku Sumgait Road 16th km.
Hasan Aliyev Str. 120
Khirdalan, Baku AZ0101
Azerbaijan
+994 (12) 4482862-66 (Phone)
+994 (12) 4482861,67 (Fax)

HOME PAGE: http://www.qu.edu.az/

George Washington University - Research Program on Forecasting ( email )

1922 F Street, NW
Old Main, Suite 208
Washington, DC 20052
United States
(202) 994-6150 (Phone)
(202) 994-6147 (Fax)

HOME PAGE: http://research.columbian.gwu.edu/cer/research/forecasting

Institute of Cybernetics - Department of Modeling Socio-Economic Processes ( email )

9, F. Agayev Str.
Baku, Az1141
Azerbaijan
(994 12) 5390151 (Phone)
(994 12) 5392633 (Fax)

HOME PAGE: http://www.cyber.az/

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