As Keystone Stalls Azerbaijan Steams Ahead With Pipeline

[Geee]

Investors Business Daily:

As the Keystone XL pipeline languishes, the details of another, far more complex, pipeline project in Eurasia's Southern Gas Corridor are beginning to take shape.

 

Much like the Keystone XL project, the Southern Gas Corridor and its Trans-Anatolian Pipeline (TANAP) will provide secure and reliable energy resources to global markets.

 

With the announcement of TANAP's final investment decision expected in the coming weeks, I urge leaders in the U.S. to voice their support and reaffirm their commitment to developing complex energy projects that enhance global energy security and serve to promote greater regional stability through meaningful economic cooperation.

 

The Southern Gas Corridor is a proposed project that will deliver natural gas from Azerbaijan's Shah Deniz field to European energy markets through a network of pipelines.

 

Spearheaded by the State Oil Co. of Azerbaijan Republic (SOCAR), the TANAP pipeline will serve as the cornerstone of the Southern Gas Corridor. Once constructed, TANAP would transport an initial 570 billion cubic feet per year of natural gas from Azerbaijan, across Turkey, and interconnect with existing and proposed European pipelines.