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Post-Iran Deal, Azerbaijan Eyes Energy Transit Opportunities

To many, the nuclear deal with Iran spells security. But to Azerbaijan, Iran's northern neighbor, it also spells a business opportunity.

Already, the energy-rich South Caucasus state is positioning itself to export not only its own natural gas to Europe, but Iran’s as well. And though international sanctions still remain in place, Tehran sounds willing to consider the idea.

"Iran is interested in projects like TAP or TANAP, " Iranian Ambassador to Baku Mohsun Pakayin said on July 15, referring to the Trans-Adriatic Pipeline and Trans-Anatolian Natural Gas Pipeline, respectively the last and middle legs in the Azerbaijan-to-Europe gas-supply route. The first leg, the existing South Caucasus Pipeline, goes from Azerbaijan to Turkey via Georgia. And this is where Iran could join in, the thinking goes.

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Post-Iran Deal, Azerbaijan Eyes Energy Transit Opportunities

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