Insight
| |
7 Pages

Europe’s Southern Gas Corridor - the TANAP conundrum


Europe’s Southern Gas Corridor - the TANAP conundrum

Report summary

The development of Europe's Southern Gas Corridor is well underway following the Final Investment Decision on Shah Deniz Phase Two and the Resolution to Construct on the Trans-Adriatic Pipeline, in December 2013.  First Azerbaijani gas into Italy is now expected in 2019.  But concerns have arisen about the commerciality of the Trans-Anatolian Pipeline, with Statoil and Total opting not to join the project. 

TANAP is a central part of the Southern Corridor.


What's included?

This report includes 2 file(s)

  • Europe’s Southern Gas Corridor - the TANAP conundrum PDF - 5.08 MB 7 Pages, 0 Tables, 5 Figures
  • Strategy vs. Profit The TANAP Conundrum.xls XLS - 81.50 KB

Description

This Upstream Oil and Gas Insight report highlights the key issues surrounding this topic, and draws out the key implications for those involved.

This report helps participants, suppliers and advisors understand trends, risks and issues within the upstream oil and gas industry. It gives you an expert point of view to support informed decision making.

Wood Mackenzie's 500 dedicated analysts are located in the markets they cover. They produce forward-looking analysis at both country and asset level across the globe, backed by our robust proprietary database of trusted research.

Proprietary data means a superior level of analysis that is simply not available anywhere else. Wood Mackenzie is the recognised gold standard in upstream commercial data and analysis.

  • Executive summary
    • TANAP timeline
  • The challenges
    • Misaligned partnerships
  • Strategy matters more than profit
  • The ill-fated Nabucco project has demonstrated that it is costly to pipe gas across Turkey. The key challenge for the TANAP partners is to ensure that the economics of the midstream do not undermine the commercial basis for Shah Deniz Phase Two, and there have been some concessions in this regard. The Turkish government has granted tax breaks:
  • Old issues, new approach

In this report there are 5 tables or charts, including:

  • Executive summary
    • The route of the Southern Corridor
    • Europe’s Southern Gas Corridor - the TANAP conundrum: Image 2
  • The challenges
  • Strategy matters more than profit
  • The ill-fated Nabucco project has demonstrated that it is costly to pipe gas across Turkey. The key challenge for the TANAP partners is to ensure that the economics of the midstream do not undermine the commercial basis for Shah Deniz Phase Two, and there have been some concessions in this regard. The Turkish government has granted tax breaks:
    • TANAP tariff - Shah Deniz Phase Two delivered cost into Italy
    • TANAP tariff sensitivity
    • Gas netback prices to Shah Deniz
  • Old issues, new approach
Requester's name : .............
Department : .............
Authoriser's Name : .............
Authoriser's signature : .............
Date : .............
Cost Centre : .............

Questions about this report?

Frequently Asked Questions

Mailenquiries@woodmac.com
  • Europe: +44 131 243 4699
  • Americas: +1 713 470 1900
  • Asia Pacific: +61 2 8224 8898
contact us

Why Wood Mackenzie?

Wood Mackenzie, a Verisk Analytics business, has been a trusted source of commercial intelligence for the world's natural resources sector for more than 40 years, empowering clients to make better strategic decisions with objective analysis and advice.

We work across every sector of oil, gas, power, renewables, chemicals, metals and mining, covering more than 150 countries. Our proprietary data and models are at the core of everything we do, ensuring our independent asset and company valuations are thoroughly robust and that we offer an accurate forward-looking view of economic indicators such as market supply, demand and price trends.

Our 500+ analysts are based in the regions they cover, cultivating an unrivalled depth of understanding to help clients accurately identify new opportunities, define their strategy and improve business performance.

At every stage, our teams readily collaborate and share their insight to provide an integrated perspective across entire industries. It is this unique and rigorous analytical approach that ensures we are recognised as the industry standard by the world’s most innovative organisations.