Pipe dreams - why public subsidies for Lukoil in Azerbaijan will not reduce EU dependency on Russia
Publisher: CEE Bankwatch Network
Volume: 40 pages, pdf
Description:
In its quest to secure its energy supply, the EU has a priority project: the Southern Gas Corridor, or EuroCaspian Mega-Pipeline as it is sometimes known. This corridor includes several gas infrastructure projects aimed at bringing natural gas from the Caspian region to Europe. The gas is to come (at least initially) from the offshore Shah Deniz gas field in the Caspian Sea and then travel via the South Caucasus Pipeline (SCPX) through Azerbaijan and Georgia, entering the Trans Anatolian Pipeline (TANAP), which crosses Turkey, followed by the Trans Adriatic Pipeline (TAP) across Greece and Albania to Italy2 , from where it will be distributed further. There is also a possibility that an Ionian-Adriatic Pipeline (IAP) will be constructed as a branch from TAP to reach southern Croatia, Albania/Kosovo, Montenegro and Bosnia and Herzegovina.