SavedAdd your journal

Journals / Ekonomi İşletme ve Maliye Araştırmaları Dergisi / 2026 / Cilt: 7 Sayı: 1

Strategic Analysis of the Southern Gas Corridor: SWOT Assessment and Future Prospects in the European Energy Market

Güney Gaz Koridoru’nun Stratejik Analizi: SWOT Değerlendirmesi ve Avrupa Enerji Piyasasına Yönelik Gelecek Beklentileri

Yunus Furuncu(Kocaeli University)0000-0001-7488-365X
Pages
41–56
Publication Date
2025-04-30
🏛️Bibliographic metadata and full text access for this article are provided via DergiPark.
DergiPark Record ↗
✨

AI Summary & Key Takeaways

AI Insight
⚡ TL;DR(Too Long; Didn't Read)

The findings indicate that SGC's key strengths include its role in energy diversification and geopolitical leverage, while its weaknesses stem from infrastructure vulnerabilities and dependence on regional stability.

📌 3 Key Takeaways

🎯
Objective & Hypothesis:This study conducts a SWOT analysis of the Southern Gas Corridor (SGC) as an energy initiative operating in the transnational natural gas sector.
📊
Key Findings & Data:Additionally, opportunities such as increasing European energy demand and potential strategic partnerships are identified, alongside threats, including geopolitical tensions and regulatory uncertainties.
💡
Conclusion & Impact:The findings indicate that SGC's key strengths include its role in energy diversification and geopolitical leverage, while its weaknesses stem from infrastructure vulnerabilities and dependence on regional stability.
🔬Design:Araştırma Makalesi
📍Scope:Comprehensive Sample
⚙️Variables:Stratejik Yönetim · Stratejik Planlama · SWOT Analizi

Abstract

This study conducts a SWOT analysis of the Southern Gas Corridor (SGC) as an energy initiative operating in the transnational natural gas sector. The findings indicate that SGC's key strengths include its role in energy diversification and geopolitical leverage, while its weaknesses stem from infrastructure vulnerabilities and dependence on regional stability. Additionally, opportunities such as increasing European energy demand and potential strategic partnerships are identified, alongside threats, including geopolitical tensions and regulatory uncertainties. Based on these insights, the study offers strategic recommendations for SGC’s management to mitigate risks, optimize growth opportunities, and strengthen its market position through diversified investment strategies, resilient infrastructure development, and adaptive regulatory compliance.

Özet

Bu çalışma, ulusötesi doğal gaz sektöründe faaliyet gösteren bir enerji girişimi olan Güney Gaz Koridoru'nun (SGC) SWOT analizini yapmaktadır. Bulgular, SGC'nin temel güçlü yönlerinin enerji çeşitlendirmesi ve jeopolitik kaldıraçtaki rolünü içerdiğini, zayıf yönlerinin ise altyapı zayıflıklarından ve bölgesel istikrara olan bağımlılıktan kaynaklandığını gösteriyor. Ayrıca, jeopolitik gerilimler ve mevzuat belirsizlikleri gibi tehditlerin yanı sıra Avrupa'nın artan enerji talebi ve potansiyel stratejik ortaklıklar gibi fırsatlar da tespit ediliyor. Bu içgörülere dayanarak çalışma, SGC yönetimine riskleri azaltmak, büyüme fırsatlarını optimize etmek ve çeşitlendirilmiş yatırım stratejileri, esnek altyapı geliştirme ve uyarlanabilir mevzuat uyumluluğu yoluyla pazar konumunu güçlendirmek için stratejik öneriler sunuyor.

🔖

Cite This Article

Furuncu, Y. (2025). Strategic Analysis of the Southern Gas Corridor: SWOT Assessment and Future Prospects in the European Energy Market. Ekonomi İşletme ve Maliye Araştırmaları Dergisi, Cilt: 7 Sayı: 1, 41–56. https://doi.org/10.38009/ekimad.1546023

📄 Full Text PDF Viewer

📄

PDF görüntüleyici hazırlanıyor...

References (32)

  1. Amirova-Mammadova, S. (2018). Pipeline politics and natural gas supply from Azerbaijan to Europe: Challenges and perspectives. Springer. Agarwal, R., Grassl, W., & Pahl, J. (2012). Meta-SWOT: introducing a new strategic planning tool. Journal of Business Strategy, 33(2), 12–21. https://doi.org/10.1108/02756661211206708
  2. Aliiev, M. (2022) The EU-Azerbaijan Relations in the Gas Transporting Sector. Language Culture Politics, Issue No: 7, 205-218
  3. Azakov, S. I. (2018) Contribution of Azerbaijan to the energy security of the European Union, Conference Series Materials Science and Engineering 459(1):012011, DOI:10.1088/1757-899X/459/1/012011
  4. Bocse, A.-M. (2021). International networks, advocacy and EU energy policy-making. Palgrave Studies in European Union Politics, DOI: 10.1007/978-3-030-49505-3
  5. BP. (2023). South Caucasus Pipeline Expansion Project. BP. https://www.bp.com/en_ge/georgia/home/who-we-are/scp.html
  6. Camacho, P., & Fernandes, C. (2019). The European Union and security of supply. In C. Fernandes & T. Rodrigues (Eds.), The future of energy: Prospective scenarios on EU-Russia relations (pp. 121–146). New York, NY: Nova Science Publishers.
  7. David, F. R., & David, F. R. (2013). Strategic management: Concepts and cases: A competitive advantage approach. Pearson.
  8. Chyong, C. ve Henderson, J. (2023). Quantifying the Economic Value of Russian Gas in Europe in the Aftermath of the 2022 War in Ukraine, https://doi.org/10.2139/ssrn.4611178
  9. European Commission. (2022). REPowerEU: A plan to rapidly reduce dependence on Russian fossil fuels and fast forward the green transition. European Commission. https://ec.europa.eu/commission/presscorner/detail/en/ip_22_3131
  10. Fuel Cells Bulletin. (2019). Hydrogen roadmap for sustainable path to Euro energy transition. Fuel Cells Bulletin, 2019(3), 13. https://doi.org/10.1016/S1464-2859(19)30121-X
  11. Guga, L. (2010). Environment factors to achieve strategic objectives in companies. Bulletin of the Transilvania University of Brasov. Economic Sciences. Series V, 3, 131–140.
  12. Hanson, E., Nwakile, C., Adebayo, Y. A., & Esiri, A. E. (2024). Strategic leadership for complex energy and oil & gas projects: A conceptual approach. International Journal of Management & Entrepreneurship Research, 6(10), 3459–3479. https://doi.org/10.51594/ijmer.v6i10.1656
  13. Hao, Q., Zuo, Y., Li, L., Chen, W., Yi, J., & Wu, L. (2017). The distribution of petroleum resources and characteristics of main petroliferous basins along the Silk Road Economic Belt and the 21st-century Maritime Silk Road. Acta Geologica Sinica - English Edition, 91(4), 1457–1486. https://doi.org/10.1111/1755-6724.13373
  14. Hebda, W. (2021) The North-South Gas Corridor in the Context of Poland’s Gas Transmission System—A Perfect Opportunity to Diversify Gas Resources, Energies, 14, no. 21: 7188,. https://doi.org/10.3390/en14217188
  15. Koukoudakis, G. (2017). EU Energy Security and Turkey’s Contribution to the Southern Energy Corridor. Mediterranean Quarterly, 28(2), 106–124. https://doi.org/10.1215/10474552-4164292
  16. Kotler, P., & Keller, K. L. (2016). Marketing management (15. baskı). Pearson Education.
  17. Mintzberg, H., & Waters, J. A. (1990). From strategy to strategic management. In J. Fredrickson (Ed.), Perspectives on strategic management (pp. 17–37). New York, NY: Harper Business. Mohammed, S., Eljack, F., Al‐Sobhi, S. A., & Kazi, M.-K. (2024). A systematic review: The role of emerging carbon capture and conversion technologies for energy transition to clean hydrogen. Journal of Cleaner Production, 141506. https://doi.org/10.1016/j.jclepro.2024.141506
  18. Pearce, J. A., & Robinson, R. B. (2015). Strategic management: Planning for domestic & global competition (14th ed.). New York, NY: McGraw-Hill Education.
  19. Pach‑Gurgul, A. (2023). Development of the LNG market in the European Union in the context of war Russia-Ukraine. Central European Review of Economics & Finance, 44(3), 79-98. https://doi.org/10.24136/ceref.2023.015
  20. Phadermrod, B., Crowder, R. M., & Wills, G. B. (2019). Importance-performance analysis based SWOT analysis. International Journal of Information Management, 44, 194–203. https://doi.org/10.1016/j.ijinfomgt.2016.03.009
  21. Raluca, P. (2013). Analytical methods of strategic management. Ovidius University Annals, Series Economic Sciences, 13(2), 471–474.
  22. Rzayeva, G. (2015). The outlook for Azerbaijani gas supplies to Europe: challenges and perspectives. Oxford Institute for Energy Studies.
  23. SGC. (2023). What is Southern Gas Corridor? SGC. https://www.sgc.az/en Shokri Kalehsar, O. (2021a). International context of the new era and the Caspian Sea region. In US energy diplomacy in the Caspian Sea Basin (pp. 45–121). Palgrave Macmillan. DOI: 10.1007/978-3-030-66929-4_3
  24. Shokri Kalehsar, O. (2021b). US energy diplomacy in the Caspian Sea Basin: Changing trends since 2001 (1st ed.). Springer Cham. https://doi.org/10.1007/978-3-030-66929-4
  25. Siddi, M. (2019). The Southern Gas Corridor: Prospects and challenges for EU foreign policy. https://www.ssoar.info/ssoar/handle/document/87365
  26. Stevenson, J., & Roberts, T. (2021). Sustainable energy transitions: Integrating environmental and social governance in large-scale projects. Journal of Energy Management, 45(3), 223-241.
  27. Tagliapietra, S. (2023). The geopolitics of energy transition: Managing risk and opportunity in a changing world. Global Energy Policy Review, 17(2), 87-103.
  28. Trincone, B. (2024). Hydrogen corridors in Europe: strategies and countries involved. European Transport, 98, 1–14. https://doi.org/10.48295/et.2024.98.11
  29. Virág, A., & Tancsa, G. (2023). Turbulent energy transformations in Central Europe: Nord Stream projects in the context of geopolitics. Politics in Central Europe, 19(1), 113–144. https://doi.org/10.2478/pce-2023-0006
  30. Westover, J. H. (2024). Beyond SWOT: A New Approach to Strategic Planning. Human Capital Leadership Review, 12(1). doi.org/10.70175/hclreview.2020.12.1.7
  31. Yorucu, V., & Mehmet, O. (2022). TANAP and TAP: A case of Turkish–Greek energy cooperation. In Small islands in maritime disputes: Greek Turkish energy geo-politics (pp. 123-146). Cham: Springer. https://doi.org/10.1007/978-3-031-05732-8_8
  32. Hebda, W. (2021) The North-South Gas Corridor in the Context of Poland’s Gas Transmission System—A Perfect Opportunity to Diversify Gas Resources, Energies, 14, no. 21: 7188,. https://doi.org/10.3390/en14217188