Hurriyet: Azerbaijan’s Shah Deniz-2 and Southern Corridor: Potential Risks

Trans-Adriatic Pipeline (TAP) project has been selected over the ‘light” Nabucco as a transporter of the natural gas from Azerbaijan, the attention turns to the final investment decision regarding the development of the Shah Deniz-2, expected to be taken before the end of this year.

Let’s not forget that Shah Deniz development, TANAP and TAP are only the initial steps for what’s to come, namely a Southern Corridor energy highway that will eventually carry Central Asian, Caspian, Iranian, Iraqi and East Mediterranean gas flows via Turkey to the high value international markets. It is a bigger game, coupled with huge opportunities and risks, both geopolitical and economic alike, that Turkey has to keep playing with utmost prudence and effective multi-stakeholder alignment.

The recent selection of TAP as outlet of gas towards the Southern Gas Corridor all the way from Azerbaijan, Georgia and Turkey to Europe is a strategic one in many ways.  MORE