Related Articles
Forward article link
Share PDF with colleagues

Third time lucky for Trans-Caspian Gas Pipeline?

Financial and institutional obstacles to the project appear at last to be clearing

The current effort—the third—to realise the Trans-Caspian Gas Pipeline (TCGP) has better prospects than the previous ones. In order to evaluate its chances of success, one must understand both its history and its unaccustomed financing structure. The first attempt to develop the TCGP foundered in the late 1990s, when Italian engineers developed new technology enabling Gazprom to lay an ultra-deep pipeline under the Black Sea for direct supplies to Turkey. Based on it, Russia proposed the Blue Stream pipeline to Turkey, two strings of 9bn m³/yr each. The subsequent take-or-pay agreement with Gazprom affected Turkey's previous agreement with Turkmenistan. Instead of taking the initially prop



{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}
Also in this section
European refiner hopes for a driving season
26 February 2021
Varo sees the potential for a desire to holiday but a reluctance to fly recreating the US phenomenon on the other side of the Atlantic
LNG central to Asian net-zero emissions strategies—Shell
26 February 2021
Major consuming countries’ net-zero emissions targets will drive rather than hinder growth, with trade set to double by 2040
Asian LNG demand poised to climb further
26 February 2021
The LNG sector remains very bullish about the prospects for Asian demand in the 2020s
Sign Up For Our Newsletter
Project Data
PE Store
Social Links
Social Feeds
Featured Video