Pipelines, Storage & Power

Caspian deal may have long-term impact on gas flows

A deal on the legal status of the Caspian Sea could have profound implications for gas and LNG flows to both east and west A deal on the legal status of the Caspian Sea could have profound implications for gas and LNG flows to both east and west.
By Peter Stewart 18 July 2018 0 31804
Trans-Adriatic Pipeline welded pipes being lowered in Northern-Greece Deliveries through the Trans-Adriatic Pipeline are due to start from 2020. (TAP)

Russia signed the draft convention on the legal status of the Caspian Sea on 21 June, and the five Caspian littoral states – Russia, Kazakhstan, Azerbaijan, Turkmenistan and Iran – are expected to ratify it at a summit on 12 August in Aktau, Kazakhstan. 

Russia’s support for the convention came as a surprise because it would potentially allow the Trans-Caspian Pipeline (TCP) project to go ahead, if economic feasibility hurdles are cleared. The TCP would enable gas from Turkmenistan to reach markets in Europe, something that...