Escalation in Karabakh: Implications for the Southern Gas Corridor
The renewed military conflict in Nagorno-Karabakh between Azerbaijan and Armenia threatens geopolitical stability in the wider Black Sea-Caspian region, and has the potential to evolve into greater regional escalation. The scale of military operations, and range of heavy military equipment involved, is increasing risks for major energy and transportation infrastructure, which connect Caspian oil and natural gas fields in Azerbaijan to major energy markets in Turkey, the Mediterranean, and different parts of Europe.