Combine the tomato paste and water in a saucepan.
Whisk until smooth.
Add the remaining ingredients to the tomato mixture.
Heat over medium/high heat until it begins to boil.
Continue to cook, stirring often, for 4 to 5 minutes.
Remove from heat.
When sauce has cooled, pour into a glass airtight container and refrigerate.
Stores well in the refrigerator.
