Op-Ed on the future of Azerbaijani gas exports:
"Advantages and Opportunities
A positive factor regarding demand in Europe is that Turkey – the largest and most reliable buyer of Azeri gas – is almost the only European country where demand significantly increased and it accounts for 50% of incremental power generation in the continent.
The fact that Azerbaijan is Turkey' is in favor of the former in terms of partially securing sales of its oil and gas in the long-run, though with discount. However, Turkey’s launched or ‘increased’ gas imports from the KRG, said to cost three times less than Caspian gas, could also to some extent damage Turkish demand security of Azeri gas.
In general, projections saying that gas in Europe will stop lagging behind coal and oil after 2020 can also be referred to as an indirect and implicit positive factor for Caspian gas.
Another minor advantage for Azerbaijan is that several Central and Eastern European countries do not have a convenient geographic location for LNG imports, thereby constraining options pipeline imports. Despite Russian dominance in those regions, Caspian gas is not unattractive. There are still coinciding interests between the region and Azerbaijan, regardless of the TAP selection."
'via Blog this'
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