Global gas markets long-term outlook - Southern Corridor - H1 2015
The cancellation of South Stream makes Europe’s need for additional gas compelling. Azerbaijan, Kurdistan and Iran are positioned to be future suppliers of gas into Europe through Turkey, a route known as the Southern Corridor. Construction of the critical Trans-Anatolian Pipeline (TANAP) began in 2015 which will enable 10 bcm to reach Europe. However, Southern Corridor supply will face competition from Gazprom's Turkish Stream pipeline.