Energy Market Dynamics in Eurasia

The geographic region around us, namely in the northwest of the country.

What targets are there that could possibly fall under this very

action we took in the south, impacting the global energy market,

and

affect the global energy market even more? That is, in the region,

the Caucasus fundamentally, or Eurasia after all, or Azerbaijan, or whatever term

you use, what potential economic targets exist for the Islamic Republic that could potentially

place greater pressure on the global economy? If

your interests face a new round of conflict.

Look, apart from the military perspective, at

present, in response to the precise question you

asked, it can be said that the role of the Caucasus and

in a way, both sides of the Caspian historically,

um, its transformation now into

a corridor, in fact, for supplying energy to

Europe and, at the same time, oil for the Israeli regime.

So much so that I myself believe that, taking into account

the multitude of coordinates and characteristics from the perspective

It has geopolitical and geo-economic significance,

this region can, in fact, be called the Strait of Hormuz

number two.

Why? Please explain that.

The reason is that, you see, the basin

of the Caspian

uh, and the Caucasus, specifically Azerbaijan,

are located in the strategic energy ellipse

from a geo-economic perspective. You know that the strategic energy ellipse

includes the Persian Gulf and, in fact,

parts of Central Asia and the Caspian Sea.

Guys, put up the map too, guys, and maybe the explanations at the same time—

Well, in this area, where we actually are now,

in the situation we are in after February

2022, when the Ukraine war began, which I believe

is one major reason. Perhaps

the main reason and driving force is the issue

of energy dynamics. Perhaps if the Nord Stream 2 pipeline,

which was on the verge of opening and was supposed to

carry Russian gas through the pipeline known as Nord

Stream 1 to Germany and the countries

transfer it to Europe, if it had not been opened, because

the Americans spent ten years trying to sanction this pipeline,

and the British tried to prevent Europeans from participating in this pipeline,

but ultimately that did not happen, and the war in Ukraine

broke out, one of its first consequences being the explosion of this pipeline on the

seabed. So what does that mean? It means Europe’s energy, which

was traditionally supplied by Russia via

Ukraine, and Russia, as the largest holder of

gas reserves, was in fact supplying gas to European countries,

was removed from the supply mix of

European countries. Well, part of this energy was also

supplied through the Persian Gulf, the Strait of Hormuz, and the Bab

el-Mandeb Strait. Uh, during this war,

in fact, through the decisive

geopolitical action that Iran took within the framework of international law,

the 1958 Convention on the Law of the Sea,

Europeans now have only one

major and primary point for supplying the gas they need

They have it themselves, and where is that? It is actually on two sides

of the Caspian.

That is, if we want to explain it on the map, Doctor, this is actually the Caspian Sea—

Caspian—

Yes.

You say that energy was mainly being supplied through Russia—

Yes.

Because of the conflicts and the war in Ukraine—

Yes.

Now you say that f-from these two sides, [Speaker 1 overlapping] actually, by what

means

I don't know, perhaps there is a pipeline or exports, Europe's energy supply

is now taking place.

Yes. Look, one of the most important routes for

energy transfer toward Europe is from the Republic of

Azerbaijan, because there is also an oil

pipeline, namely Baku-Tbilisi-Ceyhan, through which oil

is largely and directly exported to Israel.

Essentially, this pipeline was built by Britain and

British Petroleum for Israel,

and that is why in some news outlets it is referred to as the pipeline

is recognized as Israeli. Just as when this pipeline

was inaugurated, the Israelis announced that we are prepared

to use drones

— namely Heron and Hermes drones — to provide security for this pipeline

in Azerbaijan, Georgia, and Turkey

in some way.

Show the Baku-Tbilisi-Ceyhan pipeline you mentioned, if—

Uh—

The yellow line.

Look, this yellow line—

If they show it.

Exactly, yes. Uh,

Look, from this point, which is the Baku Bay,

the capital of Azerbaijan, the Baku-Tbilisi-Ceyhan pipeline begins

from this point, which is Georgia, it passes through southern

Georgia and enters Turkey, reaching the port

of Ceyhan, and from the port of Ceyhan, by ship, it goes toward

the occupied territories. Well, this is the Baku-Ceyhan pipeline.

But it is not just this pipeline. Look, besides the oil

pipeline, we also have a gas pipeline that starts in Baku,

passes from Azerbaijan through Georgia, and here it is called the pipeline

South Caucasus.

Uh-huh.

This route runs across all of eastern and western Turkey.

It is called TANAP, the TANAP pipeline—

Uh-huh.

And from here, it goes toward the, in fact, Adriatic Sea

on the Albanian side, and eventually reaches Italy

too, right? It is called TAP, the TAP pipeline.

These three pipelines together, which were funded by

the oil revenue fund of the Republic of Azerbaijan,

and cost more than 30 billion dollars,

currently supply gas to 16

European countries.

Since this January, that is, 2026,

some of Austria's and Germany's gas has also been supplied through this

pipeline. That is, Germany and Austria, which in the

past were supplied through the Nord Stream One

pipeline—

and later Nord Stream Two,

are now having their gas supplied from the Republic of Azerbaijan.

Now, in official statistics, reliable European sources say

the amount of this gas is approximately 13

billion cubic meters per year. But in unofficial statistics

More, more than 20 billion cubic meters is actually being discussed.

And the very important point is that of these

16 countries, some have around 20 percent, 30 percent, some…

Countries, more than 80 percent of whose gas is actually being supplied by

the Republic of Azerbaijan