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Economic and Strategic Expectations from Trans Anatolian Natural Gas Pipeline Project

Author

Listed:
  • Elchin Suleymanov
  • Osman Nuri Aras
  • Fakhri Hasanov

Abstract

Following the successful implementation of the oil strategy, Azerbaijan began to define strategic objectives in relation to gas export policy. Currently, Azerbaijan is the only country in the region exporting gas to the international markets (Turkey, Russia, Georgia). For this reason, it is seen as “the provider and participant” of Southern Gas Corridor by EU. In this direction, Azerbaijan aims to be the country of an important and strategic natural gas exporter. From Shahdeniz field to the end European user, it targets to take part in the every ring of the value chain. These assumptions bring Azerbaijan to the position of a remarkable natural gas supplier for the export of large amount of gas to the European markets through Nabucco West. The implementation of the project with financial and technical capabilities of Azerbaijan and Turkey has made it a project to be realized between Turkey-Azerbaijan. TANAP means Turkey and Azerbaijan will emerge together in the European market for energy transportation. Along with Baku-Tbilisi-Ceyhan and Baku-Tbilisi-Erzurum, TANAP has reinforced Turkey’s position as a necessary energy corridor in delivering the energy resources of the Caspian Sea to the Western markets. In this paper, expected strategic and economic outcomes of TANAP are analyzed.

Suggested Citation

  • Elchin Suleymanov & Osman Nuri Aras & Fakhri Hasanov, 2016. "Economic and Strategic Expectations from Trans Anatolian Natural Gas Pipeline Project," Academic Journal of Economic Studies, Faculty of Finance, Banking and Accountancy Bucharest,"Dimitrie Cantemir" Christian University Bucharest, vol. 2(4), pages 23-37, December.
    • Handle: RePEc:khe:scajes:v:2:y:2016:i:4:p:23-37
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    References listed on IDEAS

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    1. Suleymanov, Elchin & Nuri Aras, Osman & Huseynov, Ruslan, 2013. "The Importance of Azerbaijan's Energy Revenues in its Exports Volume and the Effects on the National Economy," MPRA Paper 50723, University Library of Munich, Germany.
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    Cited by:

    1. mer Esen, 2016. "Security of the Energy Supply in Turkey: Prospects, Challenges and Opportunities," International Journal of Energy Economics and Policy, Econjournals, vol. 6(2), pages 281-289.

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    More about this item

    Keywords

    TANAP; Azerbaijan economy; energy; natural gas pipeline;
    All these keywords.

    JEL classification:

    • P28 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - Natural Resources; Environment
    • L95 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Gas Utilities; Pipelines; Water Utilities
    • Q48 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Government Policy

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