It is clear that despite the lack of statements by high-ranking Turkish officials, the implementation of the project wasn’t stopped. Nevertheless, Cavusoglu’s remarks increased the confidence of all participants of the Southern Gas Corridor project.
It is wrong to assume that Ankara refused Moscow’s project. If its economic viability is proven, financing, and consumers of Russian gas are determined, Turkey will be sure to accept this project.
However, the sales market, rather than funds and technical implementation, is the biggest obstacle for Russian gas supplies. Europe is unlikely to buy the gas if its supplier is Russia.
I want to emphasize that despite all statements, the Russian project is not an alternative for TANAP. This is primarily explained by the fact that TANAP is designed for real volumes of gas from Azerbaijan. Its economic viability, as well as that of the entire Southern Gas Corridor, have been calculated.
Moreover, all volumes of Azerbaijani gas have been already reserved and distributed among buyers in Europe. In contrast, there will be as much work within the Russian project as with the Southern Gas Corridor. However, no one is sure of the success at the end of this work.
More about:
