
The Caspian Sea region and Central Asia remain in heightened focus of the EU, Russia, China and the USA. This geopolitical square is becoming more and more tangled.
On one side, we are observing development of production and pipeline projects. On the other side, political risks are rising.
This is why it is very important to figure out the region’s real production potential and the pace of implementation of transportation projects, as well as the economy of supplies and political developments.
This report analyzes progress in development of resources, problems of infrastructure and commercial relations between suppliers and buyers, as well as geopolitical aspects of struggle for Caspian gas resources.
Key topics of the report:
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The region’s resource base
- The current and forecasted production level
- The real situation with development of deposits in Azerbaijan
- Development of new resources in Turkmenistan (Southern Yolotan, offshore projects), projects in Uzbekistan and Kazakhstan. Exotica, so far: Tajikistan and Afghanistan
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Transportation hopes of Europe
- Choosing the route of gas deliveries from phase 2 of Shah Deniz
- The fate of Southern Corridor and possibilities of its expansion by engaging other countries: Turkmenistan and Iraq
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Russia’s pipeline response
- South Stream: success and main problems
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China’s swiftly growing role in the region
- China’s "quiet expansion": China’s gradual turning into real leader in Central Asia
- Strengthening of geo-economic and political ties of Beijing and local regimes
- Projects of gas pipelines to China
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Situation on sales markets
- Demand for natural gas in Southern Europe and Turkey
- Sale of assets: unsuccessful privatization of DEPA, SOCAR buying DESFA
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Medium-term forecast of developments
Contents of the report:
Introduction | 3 |
Chapter 1. Azerbaijan’s Choice. Failure of Nabucco, Launch of Southern Corridor to Italy | 4 |
1.1. Production in Azerbaijan | 4 |
1.2. Gas Marketing. Domestic Market and Exports | 13 |
1.3. Azerbaijan-Italy Corridor. Prospects of Other Projects | 16 |
Chapter 2. Central Asian Gas | 20 |
2.1. Turkmenistan | 21 |
2.2. Projects in Uzbekistan and Kazakhstan | 25 |
2.3. Gazprom in Kyrgyzstan | 27 |
2.4. New Resources in Tajikistan and Afghanistan | 28 |
Chapter 3. Battle of Gas Pipelines | 31 |
3.1. Asia-China Gas Pipeline | 34 |
3.2. Turkmenistan Changes Gas Export Policy | 37 |
3.3. TAPI Project | 38 |
3.4. Half-Launching Southern Corridor, Mist Around Trans-Caspian Gas Pipeline | 41 |
3.5. South Stream | 43 |
Chapter 4. Situation on Potential Sales Markets | 46 |
4.1. Countries in Southern Europe | 46 |
4.2. Italy | 48 |
4.3. Greece | 49 |
4.1. Bulgaria | 51 |
4.5. Turkey | 52 |
4.6. China | 55 |
Chapter 5. Medium-Term Forecast of Developments | 59 |
5.1. European Direction | 59 |
5.2. Chinese Direction | 60 |
5.3. Indian-Pakistani Direction | 61 |
Date of release: | October 7, 2013 |