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Importance of the Caspian Countries for the European Union Energy Security

Author

Listed:
  • Aigerim Ibrayeva

    (L.N. Gumilyov Eurasian National University, Kazakhstan,)

  • Dmitriy V. Sannikov

    (Yaroslav Mudryi National Law University, Ukraine,)

  • Marsel A. Kadyrov

    (Tyumen Industrial University, Russian Federation,)

  • Vladimir N. Zapevalov

    (Tyumen Industrial University, Russian Federation,)

  • Elnur L. Hasanov

    (Ganja branch of Azerbaijan National Academy of Sciences, Azerbaijan,)

  • Vladimir N. Zuev

    (National Research University Higher School of Economics, Russian Federation.)

Abstract

When there is a lack of energy resources in the EU and it has to look for suppliers from other countries, Russia provides the world with most of the oil and gas. Diversification of energy resources is one of the objectives for the EU. The majority of international participants are interested in discovering the potential of the sea. However, the development of the region's resources still faces many obstacles, such as lack of export pipelines, difficulties due to security of supply considerations, transit complications, political and legal considerations and market uncertainties. This study focuses on the countries of the former Soviet Union such as Uzbekistan, Kazakhstan and Turkmenistan in Central Asia, and Azerbaijan in Transcaucasia. One of the six priority areas of the EU in the energy infrastructure of - the Southern Energy Corridor (SEC), the purpose of which is to link the Caspian basin and potentially Middle Eastern gas to Europe. In the article, we analyzed the potential of the Caspian basin in terms of energy and its impact on the energy security of the European Union.

Suggested Citation

  • Aigerim Ibrayeva & Dmitriy V. Sannikov & Marsel A. Kadyrov & Vladimir N. Zapevalov & Elnur L. Hasanov & Vladimir N. Zuev, 2018. "Importance of the Caspian Countries for the European Union Energy Security," International Journal of Energy Economics and Policy, Econjournals, vol. 8(3), pages 150-159.
    • Handle: RePEc:eco:journ2:2018-03-21
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    References listed on IDEAS

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    Cited by:

    1. Vladimir Pavlovich Klepikov & Vladimir Vladimirovich Klepikov, 2018. "Crude Oil Logistics, Production and Refining in Northern Europe," International Journal of Energy Economics and Policy, Econjournals, vol. 8(5), pages 18-28.
    2. Mahmoud A. Hammad & Sara Elgazzar & Borut Jereb & Marjan Sternad, 2023. "Requirements for Establishing Energy Hubs: Practical Perspective," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 25(64), pages 798-798, August.
    3. Mahmoud A. Hammad & Sara Elgazzar & Marjan Sternad, 2021. "A Conceptual Framework to Establish and Operate a Global Logistics Energy Hub," Sustainability, MDPI, vol. 13(19), pages 1-27, October.
    4. Assel Askerbek & Ardak M. Yesdauletova & Gulnara Ibragimova & Dana K. Akhmedyanova & Sagdat Adilbekov, 2021. "Methods of implementation of the U.S. policy to ensure the sustainable development of the post-Soviet states," RIVISTA DI STUDI SULLA SOSTENIBILITA', FrancoAngeli Editore, vol. 0(2), pages 127-139.
    5. Zhang, Long & Bai, Wuliyasu & Xiao, Huijuan & Ren, Jingzheng, 2021. "Measuring and improving regional energy security: A methodological framework based on both quantitative and qualitative analysis," Energy, Elsevier, vol. 227(C).
    6. Azamat Amirov & Madina Kozhukhova & Gaukhar Koshebaeva & Valeryi Biryukov & Miras Zhiyenbayev, 2018. "Economic and Energy Security of the Republic of Kazakhstan," International Journal of Energy Economics and Policy, Econjournals, vol. 8(6), pages 16-21.
    7. Ivan A. Kapitonov & Vladimir I. Voloshin & Vitaly G. Korolev, 2018. "Eastern Vector of Russian State Policy Development for Ensuring Energy Security," International Journal of Energy Economics and Policy, Econjournals, vol. 8(5), pages 335-341.
    8. Ivan A. Kapitonov & Tatiana G. Filosofova & Vitaly G. Korolev, 2019. "Development of Digital Economy in the Energy Industry-specific Modernization," International Journal of Energy Economics and Policy, Econjournals, vol. 9(4), pages 273-282.

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    More about this item

    Keywords

    Caspian Sea; Central Asia; European Union; Southern Corridor; Pipeline; Energy Security;
    All these keywords.

    JEL classification:

    • F52 - International Economics - - International Relations, National Security, and International Political Economy - - - National Security; Economic Nationalism
    • H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions
    • H56 - Public Economics - - National Government Expenditures and Related Policies - - - National Security and War

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