Insight
Europe’s Southern Gas Corridor - the TANAP conundrum
This report is currently unavailable
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
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.
Table of contents
-
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
Tables and charts
This report includes the following images and tables:
-
The route of the Southern CorridorTANAP tariff - Shah Deniz Phase Two delivered cost into ItalyTANAP tariff sensitivityGas netback prices to Shah DenizEurope’s Southern Gas Corridor - the TANAP conundrum: Image 2
What's included
This report contains:
Other reports you may be interested in
Asset Report
Corridor
Corridor PSC is currently Indonesia's second largest gas-producing block.
$6,900
Asset Report
Pegasus West
Pegasus West lies in the Southern Gas Basin, 110 kilometres off the northeast coast of England. Centrica Energy discovered the field in ...
$3,720
Asset Report
Trans Adriatic Pipeline (TAP)
The Trans Adriatic Pipeline (TAP) is the final section of Europe's Southern Gas Corridor. It currently delivers 970 mmcfd (10 bcm a ...
$2,580
