Commodity Market Report

Global gas markets long-term supply outlook - Southern Corridor - H2 2016

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21 December 2016

Global gas markets long-term supply outlook - Southern Corridor - H2 2016

Report summary

Azerbaijan, the Kurdistan region of Iraq, and Iran are positioned to be future suppliers of gas into Europe through Turkey, a route known as the Southern Corridor, from 2019/2020. Development of Azerbaijan's upstream Shah Deniz Phase Two project, construction of the critical Trans-Anatolian Pipeline (TANAP) and Trans-Adriatic Pipeline (TAP) are all on time and budget as of end 2016 to meet this target.

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