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Azerbaijan-Turkey-Europe: Raising a Glass to Gas

Just when you thought it would never happen, Turkish Prime Minister Recep Tayyip Erdoğan has announced that Azerbaijan, Turkey and Europe will soon be tied “organically." The organic matter in question is, of course, natural gas, soon to flow through a new pipeline, per a long-awaited June 26 agreement between Azerbaijan and Turkey.   

Europe’s organic dependence on Russia could decrease after some 16 billion cubic meters (bcm) of Azerbaijani gas start to flow each year via the Trans-Anatolian Natural Gas Pipeline (TANAP), to be completed in 2018. Turkey will be happily siphoning off six billion cubic meters of the gas, while the rest will head further afield, to Europe. The volumes are projected to nearly double by 2023 and further increase to 31 bcm by 2026.

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Azerbaijan-Turkey-Europe: Raising a Glass to Gas

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