• $
  • €
  • ₽
  • ₺
  • £

Azerbaijan is only route for Iranian gas supplies to Europe

Azerbaijan is only route for Iranian gas supplies to Europe
01.09.2015 15:00
Even during the period of sanctions, Iran wasn't hiding its intention to sell gas to European markets.

And now the expected lifting of sanctions and resumption of relations with the West increases the chances for Iranian gas reaching those markets.

Iran’s geographical location makes it possible for the country to bring its gas to markets in Europe only via routes going through Turkey or Azerbaijan.

Each of those routes has its own advantages. The Turkish route for bringing Iran’s gas to Europe is still much shorter than the one running through
Azerbaijan.

But it is the Turkish route that is currently facing a serious risk. The unstable political situation in Turkey’s eastern provinces, which began during the parliamentary elections, is still a risk for making long-term investments in this region.

The Iranian authorities are aware of this problem. The Iranian side said last week that taking into account the unstable political situation in eastern provinces of Turkey, Tehran is considering alternative routes for supplying goods from the country to Europe, bypassing Turkey. One of these alternative routes for Iran is Azerbaijan.

In short, Iran’s gas cannot be supplied to the European markets without Azerbaijan now. Even if Iran uses the Turkish route for supplying natural gas to Europe, it will be unable to bypass Azerbaijan's TANAP project.

In an interview with Russian media recently, Director for International Relations of the National Iranian Gas Company (NIGC) Azizullah Ramazani said
that Iran could use the Turkish Stream pipeline to be built by Russia after the sanctions are lifted.

Linking up with the Turkish Stream is financially disadvantageous to Iran. In order to connect Iran with the Turkish Stream it will be necessary to create an
infrastructure in at least 13 provinces of Turkey, through which TANAP will run.

With this in mind, one can say that in case of supplying Iranian gas to European markets, the Azerbaijani route is currently the only one and has no
alternatives.

TANAP or the Trans-Anatolian Natural Gas Pipeline is a natural gas pipeline from Azerbaijan through Georgia and Turkey to Europe.
 
(Trend)

www.ann.az
Telegram
Go
Similar news
Similar news
China sent 280 container trains to Europe via Middle Corridor since early 2024
Business 16:09
China sent 280 container trains to Europe via Middle Corridor since early 2024
Azerbaijan and Ukraine explore avenues for deepening economic ties
Business 17:30
Azerbaijan and Ukraine explore avenues for deepening economic ties
Azerbaijan imports $900M worth of goods from Türkiye in 5 months
Business 13:30
Azerbaijan imports $900M worth of goods from Türkiye in 5 months
35 projects implemented in liberated territories of Azerbaijan in 2023
Business 16:00
35 projects implemented in liberated territories of Azerbaijan in 2023
Israeli companies invited to investment projects in Karabakh’s industrial parks
Business 18:30
Israeli companies invited to investment projects in Karabakh’s industrial parks
Italian firms interested in participating in projects to be implemented in Karabakh
Business 14:00
Italian firms interested in participating in projects to be implemented in Karabakh
Azerbaijani economy minister, governor of St. Petersburg mull enhancing joint activities in shipbuilding
Business 15:00
Azerbaijani economy minister, governor of St. Petersburg mull enhancing joint activities in shipbuilding
Russia-Azerbaijan trade reaches $4.4 billion, Russian ambassador says
Business 10:00
Russia-Azerbaijan trade reaches $4.4 billion, Russian ambassador says
Azerbaijan to increase value of non-oil exports to $5B by 2026
Business 14:00
Azerbaijan to increase value of non-oil exports to $5B by 2026
Anews TV

Our official Youtube channel

Subscribe