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The Republic of Azerbaijan is one of the oil and gas rich countries of the former Soviet Union. After the second stage of the Shah Deniz gas field, natural gas extraction and exportation became one of the key elements of Azerbaijan’s oil and gas strategy. Diversification of the oil and gas transportation has a great importance in Azerbaijan’s energy security policy and in this regard, TANAP is an important project after Baku-Tbilisi-Ceyhan oil pipeline. TANAP is a proposed natural gas pipeline project to transport Azerbaijani natural gas through Turkey to Europe in two directions. The project was firstly announced on 17 November 2011 at the Third Black Sea Energy and Economic Forum in Istanbul. It was launched in 2014 and will be expected to finish in 2018. TANAP will cost seven billion USD and will have the capacity of 23 billion cubic meters by 2023 and 31 billion cubic meters by 2026. This paper analyzes expected strategic and economic outcomes of TANAP.

Economic and Strategic Expectations of Trans-Anatolian Natural Gas Pipeline Project