Europe in the World

Eastern Promises Project

Defining the Caspian - The Southern Corridor, Caspian gas and the geopolitics of EU energy security

3 March 2015

During this Policy Dialogue, it emerged that the world’s energy map has been redrawn, especially when it comes to gas; the traditionally seller-orientated market is quickly becoming a buyer’s market. Speakers highlighted a number of key areas: the Southern Gas Corridor (SGC) as a key EU energy diversification project, the importance of Azerbaijan, Turkey, and Georgia in terms of their role in the development of the SGC and, in the case of Azerbaijan, as a source of gas; prospects for Turkish Stream; the potential of Iran as a future gas supplier and the increasingly difficult relationship between Russia and the West and the impact on energy relations.

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