IDEAS home Printed from https://ideas.repec.org/a/eco/journ2/2022-01-41.html
   My bibliography  Save this article

Eastern Mediterranean Area in Energy Security of The European Union: From Sea Border Issues to Economic Conflicts of Interest

Author

Listed:
  • Hasan Tutar

    (Istanbul Commerce University, Istanbul, Turkey,)

  • Teymur Sarkhanov

    (Department of Economics and Business Administration, AzarbaijanState University of Economics, Baku, Azerbaijan.)

  • Nigar Guliyeva

    (Department of Economics and Business Administration, AzarbaijanState University of Economics, Baku, Azerbaijan.)

Abstract

The interdependence experienced on a global scale today has gained more importance with the increasing demand for energy resources. The situation of interdependence may cause various conflicts due to the differences in strategy between countries regarding access to energy resources. In this destructive competitive environment, hydrocarbons, especially natural gas, continue to be an essential means of competition as a strategic energy source. This situation makes the European Union and the countries that are the suppliers of the energy demand of the Union and the transition countries dependent on each other. This situation of interdependence makes energy resources the most important policy tool. Russia, one of the energy suppliers of European states, uses this advantage as an essential political pressure tool. European Union countries turn to alternative resources and areas to reduce dependency in the face of this situation. In recent years, the Eastern Mediterranean basin has been added to these areas. With the discovery of significant hydrocarbon resources in the Eastern Mediterranean, the importance of this region for European countries is increasing. However, this situation causes maritime border disputes and geopolitical conflicts between the countries of the region. This conceptual study emphasizes the solution of problems related to cross-border hydrocarbon resources and the extent to which natural gas reserves in the Eastern Mediterranean will be an alternative to Russian natural gas.

Suggested Citation

  • Hasan Tutar & Teymur Sarkhanov & Nigar Guliyeva, 2022. "Eastern Mediterranean Area in Energy Security of The European Union: From Sea Border Issues to Economic Conflicts of Interest," International Journal of Energy Economics and Policy, Econjournals, vol. 12(1), pages 332-341.
  • Handle: RePEc:eco:journ2:2022-01-41
    as

    Download full text from publisher

    File URL: http://www.econjournals.com/index.php/ijeep/article/download/12602/6233/29685
    Download Restriction: no

    File URL: http://www.econjournals.com/index.php/ijeep/article/view/12602/6233
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Nurkhodzha Akbulaev, 2023. "Analysis of Renewable Energy, Foreign Direct Investment, and CO2 Relationship: Evidence from France, Germany, and Italy," International Journal of Energy Economics and Policy, Econjournals, vol. 13(5), pages 645-657, September.
    2. Nurkhodzha Akbulaev & Elshan Mammadli & Gadir Bayramli, 2022. "The Effect of Energy Prices on Stock Indices in the Period of COVID-19: Evidence from Russia, Turkey, Brazil, and India," International Journal of Energy Economics and Policy, Econjournals, vol. 12(3), pages 262-269, May.
    3. Paweł Boczar & Lucyna Błażejczyk-Majka, 2024. "Economic Efficiency versus Energy Efficiency of Selected Crops in EU Farms," Resources, MDPI, vol. 13(9), pages 1-15, September.
    4. Bahman Huseynli, 2023. "Causality Relationship between the Development of the Oil and Gas Sector and Foreign Investments," International Journal of Energy Economics and Policy, Econjournals, vol. 13(2), pages 404-409, March.

    More about this item

    Keywords

    EU Energy Security; Eastern Mediterranean Gas Reserves; Sea Border Issues; Exclusive Economic Zone;
    All these keywords.

    JEL classification:

    • P28 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - Natural Resources; Environment
    • P48 - Political Economy and Comparative Economic Systems - - Other Economic Systems - - - Legal Institutions; Property Rights; Natural Resources; Energy; Environment; Regional Studies
    • K32 - Law and Economics - - Other Substantive Areas of Law - - - Energy, Environmental, Health, and Safety Law

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eco:journ2:2022-01-41. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Ilhan Ozturk (email available below). General contact details of provider: http://www.econjournals.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.