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TANAP gas will stymie LNG growth in Europe

The launch of the Trans-Anatolian Gas Pipeline and other routes could mean Europe’s demand for LNG will drop The launch of the Trans-Anatolian Gas Pipeline and other routes could mean Europe’s demand for LNG will drop.
By Peter Stewart 25 May 2018 0 30950
The competing pipelines could have the dual effect of defusing Europe’s supply security concerns while reducing the region’s need for LNG as an alternative supply source. (Gazprom)

The expansion of piped gas flows from Central Asia looks set to slow growth in Europe’s LNG demand and will help alleviate security of supply concerns caused by Russia’s dominance over European gas imports. 

The 1,850-km Trans-Anatolian Gas Pipeline (TANAP) is due to come onstream next month, bringing around 16 billion cubic metres per year of supplies to buyers in southern and central Europe. 

The pipeline runs from Azerbaijan to Europe via Georgia and Turkey, and will be inaugurated on 12 June in a ceremony that will...