Late last month, more than a decade of indecision over the so-called Southern Gas Corridor linking Caspian reserves to European Union markets finally came to an end with the selection of the Trans-Adriatic Pipeline (TAP) by the Shah Deniz consortium of gas producers in Azerbaijan. TAP was selected over the much more widely recognized and operatically named Nabucco pipeline, which had captivated the energy industry and shaped the geopolitics of the Black Sea-Caspian region for years. Shah Deniz consortium members, which include BP, Statoil, Total and Azerbaijan’s national energy company SOCAR, insist that the selection was based almost entirely on […]

The recent announcement by the deputy commander of Russia’s Caspian fleet, Nikolai Yakubovsky, that Russia and Iran intend to hold a combined naval exercise in the Caspian Sea later this year should not have come as a surprise. Not only have the two sides engaged in such joint drills in previous years, but since the breakup of the Soviet Union, the new Russian Federation and the Islamic Republic have enjoyed a surprisingly harmonious relationship regarding regional security issues. The Iranian government has refused to intervene on behalf of the Muslim guerrillas fighting Moscow in Chechnya or in other parts of […]