Exporting Caspian Gas
“In the 13th century, Venetian traveler Marco Polo visited what is now Baku, Azerbaijan, where he watched oil scooped in buckets from “a fountain from which oil springs in great abundance.” Centuries earlier, the Absheron Peninsula, on which Baku sits, was considered sacred by the ancient Zoroastrian religion whose believers worshiped in fire temples fed by the plentiful natural gas deposits seeping from below. Oil and gas have always been abundant in the region. At the beginning of the 20th century, Baku produced more than half the world’s oil.
Starting in 2019, Caspian basin natural gas will flow to Europe through a new pipeline. The Trans-Adriatic Pipeline (TAP) was selected in June 2013 by the international consortium of energy companies that operate Azerbaijan’s offshore Shah Deniz natural gas field. The approval came after sometimes intense competition among several potential pipeline proposals. By diversifying Europe’s natural gas sources and reducing dependence on Russian controlled pipelines, TAP represents a meaningful improvement in European energy security...”
Excerpt from per Concordiam Staff, “Exporting Caspian Gas,” per Concordiam: Journal of European Security Defense Issues 5, No. 1, 2014: 58-61.
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