In late-June, Turkey and Azerbaijan signed accords green-lighting the much-anticipated $7 billion Trans-Anatolian Pipeline (TANAP), which will ferry 16 billion cubic meters (bcm) of natural gas from Azerbaijan’s Shah Deniz II field through neighboring Georgia to Turkey and from there to European markets. While the deal has been described as a deathblow to the once highly touted European Union-backed Nabucco pipeline consortium, TANAP’s emergence alongside a host of other alternative and unconventional energy options is also endangering Russia’s near-monopoly in the European natural gas market. In its original form, Nabucco, named for Verdi’s famous opera, was billed as a means […]