THANOS DOKOS, THEODORE TSAKIRIS 102 TAP/SOUTHERN CORRIDOR AND GREECE: NATIONAL AND REGIONAL IMPLICATIONS THANOS DOKOS DIRECTOR, HELLENIC FOUNDATION FOR EUROPEAN & FOREIGN POLICY (ELIAMEP) THEODORE TSAKIRIS HEAD, THE ENERGY PROGRAMME ELIAMEP ASSISTANT PROFESSOR FOR GEOPOLITICS & HYDROCARBONS, UNIVERSITY OF NICOSIA
The Trans Adriatic Pipeline (TAP), which will transport natural gas from Azerbaijan to Italy via Greece and Albania, will contribute to European energy security. The global energy landscape is changing, shaped by shifting patterns of demand, new reserves entering the production stage (including, of course, the “shale gas revolution” in the U.S.), new players, alignments and evolving rules. Natural and man-made disasters (such as Fukushima), the EU economic crisis and geopolitical crises in Ukraine, Libya, Nigeria and Iraq also continue to influence the energy sector and the global economy in key ways. The question of European energy security and the need to diversify Europe’s natural gas suppliers focused attention on the strategic significance of Southeastern Europe as a transport hub for natural gas from the <strong>Caspian</strong> region, and potentially the Eastern Mediterranean. In order to meet increasing natural gas demand and reduce East and South East Europe’s high levels of energy dependency on a single exporter, namely Russia, European authorities have been keen to promote projects that contribute to supply diversification. 1 In this context, the Southern Gas Corridor has an important role. The Trans Adriatic Pipeline (TAP), which will transport natural gas from Azerbaijan to Italy via Greece and Albania, will contribute to European energy security as well as providing a major boost for Greece’s economy, regional standing and ability to emerge as a leading transit hub on a Southern- Northern Axis. The combination of TAP with a series of interconnecting pipelines linking the Aegean with the Baltic Sea, starting with Interconnector Greece-Bulgaria (IGB), will be key. Europe’s Southern Gas Corridor Strategy is based on the need to maximize imports of non-Russian gas via non-Russian controlled territory, so as to establish a third, following Russia, Norway and Northern Africa (Algeria, Libya, Egypt), route of supply diversification. As potential sources of supply for the Southern Gas Corridor, the European Commission has recognised not only <strong>Caspian</strong> (Azerbaijan) and Central Asian gas (Uzbekistan, Kazakhstan and primarily Turkmenistan) but also Middle Eastern gas from Iraq’s future production as well as from the potential expansion of Egyptian net exports, although the political 1. EU’s primary energy security goals should be to reduce the strategic dependence of individual Member-States on single external suppliers and to ensure that energy markets are liquid, open and functioning according to stable market rules rather than power logics. Of course, energy security needs also needs to be balanced against environmental and economic competitiveness concerns. (Dreyer & Stang, EU-ISS, p. 5)
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CASPIAN PUBLISHED BY CASPIAN STRATE
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Dear Readers, CASPIAN REPORT 2 It i
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CASPIAN CASPIAN REPORT 4 06 FATIH M
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FATIH MACIT, HOLLY REHM 6 THE U.S.
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FATIH MACIT, HOLLY REHM 8 shale rev
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FATIH MACIT, HOLLY REHM 12 SINCE TH
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FATIH MACIT, HOLLY REHM 16 LNG’s
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FATIH MACIT, HOLLY REHM 18 kets, pa
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MANFRED HAFNER 20 THE SOUTHERN GAS
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MANFRED HAFNER 22 THE DOCUMENT RECO
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MANFRED HAFNER 24 Notwithstanding t
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MANFRED HAFNER 26 TANAP, A PROJECTE
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MANFRED HAFNER 28 by the Shah Deniz
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MANFRED HAFNER 30 Snam Rete Gas has
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MANFRED HAFNER 32 THE ESTABLISHMENT
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MATTEO VERDA 34 LNG MARKET: TRENDS
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MATTEO VERDA 36 traditionally accou
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MATTEO VERDA 38 bcm), Brunei (9 bcm
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MATTEO VERDA 40 for transport vesse
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MATTEO VERDA 42 of the global LNG m
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MUBARIZ HASANOV 44 AN OVERVIEW OF E
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MUBARIZ HASANOV 46 Figure 1. Primar
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MUBARIZ HASANOV 48 Figure 4. Real c
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Figure 7. Price of transport fuels
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