Connecting Caspian Gas to Europe: No Large Scale Infrastructure Development in Near Future, Summer 2010

Sunday, September 5, 2010 | Download PDF in English

There is enough natural gas in Caspian region to justify construction of the major pipelines and other elements of infrastructure to connect gas fields in Turkmenistan, Kazakhstan, Uzbekistan and Azerbaijan to Europe. The region can supply aggregate of up to 60 billion cubic meters of natural gas every year, allowing countries of Central and Eastern Europe to reduce their dependency on Russian gas and increase competition and diversity in European markets in general. However, recent political and strategic developments in and around the region, as well as global political and economic realities will not allow implementation of the large scale infrastructure projects any time soon. This article argues that the Southern Gas Corridor will be developing at a slower pace, through small scale interconnector projects such as those connecting Turkey with Greece and Greece with other neighbors.

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Mamuka Tsereteli

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