IDEAS home Printed from https://ideas.repec.org/a/eco/journ2/2023-04-9.html
   My bibliography  Save this article

The Place of Gulf Basin Energy Resources in EU Energy Security

Author

Listed:
  • Teymur Sarkhanov

    (Azerbaijan State University of Economics (UNEC), Baku, Azerbaijan.)

  • Imangulu Muradzada

    (Azerbaijan State University of Economics (UNEC), Baku, Azerbaijan.)

Abstract

The article discusses the importance of Gulf Basin energy resources in ensuring energy security for the European Union (EU). The Gulf region is a major source of oil and gas for the EU, which is heavily dependent on imports to meet its energy needs. The article highlights the various challenges faced by the EU in securing its energy supply from the Gulf region, including geopolitical tensions, price volatility, and the need to diversify its energy mix. It also discusses the role of renewable energy sources in reducing the EU's dependence on Gulf energy resources. Overall, the article argues that the Gulf Basin will continue to play a critical role in meeting the EU's energy needs, and that efforts must be made to ensure the security and stability of this energy supply. However, the article also suggests that the EU should explore alternative sources of energy and reduce its reliance on Gulf energy resources. It notes that the EU has made significant progress in promoting renewable energy and energy efficiency, and that these efforts should be continued and expanded. Another important point raised in the article is the need for cooperation between the EU and Gulf countries to ensure energy security. The EU must engage in dialogue with these countries to address common challenges and promote mutual interests. In conclusion, the article provides a comprehensive overview of the role of Gulf Basin energy resources in EU energy security. While acknowledging the importance of these resources, it also emphasizes the need for diversification and cooperation to ensure a stable and sustainable energy supply.

Suggested Citation

  • Teymur Sarkhanov & Imangulu Muradzada, 2023. "The Place of Gulf Basin Energy Resources in EU Energy Security," International Journal of Energy Economics and Policy, Econjournals, vol. 13(4), pages 68-75, July.
  • Handle: RePEc:eco:journ2:2023-04-9
    as

    Download full text from publisher

    File URL: https://www.econjournals.com/index.php/ijeep/article/download/14327/7376
    Download Restriction: no

    File URL: https://www.econjournals.com/index.php/ijeep/article/view/14327
    Download Restriction: no
    ---><---

    Citations

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


    Cited by:

    1. Shafa Guliyeva, 2024. "Analyzing the Interplay between Energy Consumption and Military Expenditure: A Comparative Study of Azerbaijan, Turkey, and Pakistan," International Journal of Energy Economics and Policy, Econjournals, vol. 14(1), pages 533-543, January.
    2. 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.

    More about this item

    Keywords

    gulf energy basin; energy resources; eu energy security;
    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:journ2:2023-04-9. 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.