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Comparative Assessment of Energy Security Level: The Case of the South Caucasus Countries

Author

Listed:
  • Shafa Aliyev

    (Sumgait State University, Sumgait, Azerbaijan; & Azerbaijan State University of Economics (UNEC), Baku, Azerbaijan; & Western Caspian University, Baku, Azerbaijan)

  • Mayis Gulaliyev

    (Azerbaijan State University of Economics (UNEC), Baku, Azerbaijan; & Western Caspian University, Baku, Azerbaijan; & Ganja State University, Ganja, Azerbaijan)

  • Safar Purhani

    (Western Caspian University, Baku, Azerbaijan)

  • Gulsura Mehdiyeva

    (Azerbaijan Technological University, Ganja, Azerbaijan)

  • Elchin Mustafayev

    (The State Technical University, Baku AZ1073, Azerbaijan)

Abstract

The paper compares the energy security of three South Caucasus countries - Azerbaijan, Georgia, and Armenia. These countries differ from each other due to the use of different energy sources. The investigation used 28 indicators classified into six groups based on World Bank data to assess energy security. Indicators for each group were assessed as “stimulating†or “not stimulating†energy security. According to the results, Georgian’s energy security is less risky because of it uses renewable energy sources. Ensuring long-term energy security in Azerbaijan requires greater use of renewable energy sources. Armenia’s energy security is at higher risk due to its higher dependence on imports and poor use of renewable resources.

Suggested Citation

  • Shafa Aliyev & Mayis Gulaliyev & Safar Purhani & Gulsura Mehdiyeva & Elchin Mustafayev, 2024. "Comparative Assessment of Energy Security Level: The Case of the South Caucasus Countries," International Journal of Energy Economics and Policy, Econjournals, vol. 14(1), pages 651-662, January.
    • Handle: RePEc:eco:journ2:2024-01-70
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    References listed on IDEAS

    as
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    Cited by:

    1. Shafa Aliyev & Ramil I. Hasanov & Khanim Aghayeva & Javadkhan Y. Gasimov & Sadagat E. Ahmadova, 2024. "The Relationship between Renewable Energy Consumption and Economic Growth: Insights from Iceland and Azerbaijan," International Journal of Energy Economics and Policy, Econjournals, vol. 14(5), pages 229-235, September.

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    More about this item

    Keywords

    Energy Security; Renewable Energy; Energy Consumption; Energy Import; Natural Resources;
    All these keywords.

    JEL classification:

    • Q43 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy and the Macroeconomy
    • F52 - International Economics - - International Relations, National Security, and International Political Economy - - - National Security; Economic Nationalism

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