Energy security

Bringing Iranian gas to European market via Southern Gas Corridor: perspectives, limitations and implications

By Farid Osmanov

It has been pronounced on several occasions that Iran may join TANAP, a constituent part of the Southern Gas Corridor (SGC), scheduled to supply natural gas from Shah Deniz II to the European market starting from 2019. Rovnag Abdullayev, the president of State Oil Company of the Republic of Azerbaijan (SOCAR), TANAP’s major stakeholder (58%), said that “after the decision on lifting sanctions over Iran, we are ready to consider offers for the sale of part of our shares in TANAP, if we get an advantageous offer”. Pak Ayeen, Ambassador of Iran to Azerbaijan also outlined Iran’s interest in joining TANAP. Turkey's former Minister of Energy and Natural Resources Taner Yildiz said that "Turkey would not close its door to Iran if it wants to join TANAP".

Competing versions of southern European gas supplies

By Daniel Rozanov

Known information on gas exploration in the Mediterranean waters of Israel, which intends to fully meet the needs of the country and create the potential for gas exports to southern Europe. Potential natural gas reserves are estimated at Israel shelves 1 trillion cubic meters. m. of natural gas reserves have been explored, and on the shelves of the island of Crete (1.5-3.5 trillion cubic meters. m) and Cyprus (150-230 billion cubic meters. m).