What's Stopping the Trans-Caspian Pipeline After 27 Years?

With the Iran war disrupting traditional energy supply routes and the West seeking to lessen reliance on Russian transit networks, Trans-Caspian corridors have again emerged as a focus of international diplomacy and investment. Several distinct regional networks gained increased attention from global players at the Baku Energy Week earlier this month, including a subsea green electricity link and the Trans-Caspian International Transport Route, also known as the Middle Corridor. But prospects for another key project, the long-delayed Trans-Caspian…