The Trans Anatolian Natural Gas Pipeline (TANAP) will support regional trade and improve connectivity, the World Bank (WB) told Trend.
The EU energy strategy in the Caspian was gradually formed and at first did not differ dynamism. Only in the late 1990s, when it was announced that there are significant gas reserves in the Caspian, the EU's policy has become more clear. In the implementation of geopolitical interests, the EU largely borrowed the US strategy, for which pipelines acted as the key element of the policy in the Caspian region.
The Iranian deputy oil minister for international affairs said Iran and Austria have extended their agreement on oil and energy cooperation.
Iran can export its gas to Europe through the coasts of Syria, the former director of National Iranian Gas Exporting Company and an official with Iran Chamber of Commerce said.
As US sanctions on Iran are set to resume, Iranian President Rouhani is visiting Europe in a bid to keep his country from economic isolation. But the ability of EU partners to make a difference remains questionable.
A senior US State Department official says the countries purchasing oil from Iran should prepare themselves to completely stop the Iranian crude imports by November as Washington reimposes sanctions against Tehran.
The idea of building an infrastructure for the transport of Nigerian gas to Europe is not new. Thus, in the late 2000s, a similar initiative was launched under the name of the Trans-Saharan gas pipeline along the Nigeria-Niger-Algeria route, followed by export to the states of the Old World through the Mediterranean using the Algerian infrastructure.
Prices for fuel and lubricants - liquefied gas, gasoline and diesel fuel - have increased in Tajikistan.
The Southern Gas Corridor (SGC) will help Europe achieve its goals of diversifying gas sources and ensuring energy security, Emil Gasimli, head of Marketing and Business Development Department of Azerbaijan's state oil company SOCAR, said.
Denmark is the last country still to complete its national permit procedure for the Nord Stream 2 gas pipeline designed to bring Russian gas offshore to Germany under the Baltic Sea, after Nord Stream 2 obtained a permit from the Swedish government yesterday.