The importance of energy reserves in the Caspian Sea basin in the energy security policy of the European Union

Teymur Sarkhanov; Nigar Huseynli

doi:10.31893/multirev.2023004

Keywords:

Abstract

In the study, the importance of the energy reserves in the Caspian Sea Basin in terms of the energy security policy of the European Union (EU) is discussed. The study highlights that the Caspian region is a key strategic area for the EU's energy security, given its significant oil and gas reserves and geographical location, allowing the construction of pipelines that can transport energy resources to Europe. The study begins by providing an overview of the EU's energy security challenges, including dependence on foreign energy sources, geopolitical tensions, and climate change concerns. The paper then highlights the Caspian region's role in overcoming these challenges, noting that the region's energy reserves can help diversify the EU's energy resources and reduce its dependence on Russia. The study discusses pipeline projects proposed or currently underway in the Caspian region, including the Trans-Caspian Pipeline, the Southern Gas Corridor, and the Baku-Tbilisi-Ceyhan Pipeline. This conceptual study emphasizes the importance of the Caspian region for the EU's energy security policy. It reveals the need for continuous relations and cooperation between the EU and the region's countries.
References
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8. Dudău R, Guedes A M (2016) Energy Politics in the Black Sea Region. In New Regionalism or No Regionalism? Emerging Regionalism in the Black Sea Area (pp. 69-94). Routledge, New York.
9. Dursun S (2011) Avrupa birliğinin enerji politikası ve Türkiye. Ankara Üniversitesi Basımevi, Ankara.
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12. Energy Supply Security (2014) Emergency Response Systems of Individual IEA Countries. IEA, Germany.
13. Eurostat (2020) Energy production and imports. Available in: https://ec.europa.eu/eurostat/statistics-explained/index.php/Energy_production_and_imports#Production_of_primary_energy_decreased_between_2008_and_2018. Accessed on: December 12 2022,
14. Griffiths S (2017) A review and assessment of energy policy in the Middle East and North Africa region. Energy Policy 102:249-269.
15. Güneş M (2016) Avrupa Birliğinin çevre ve enerji politikalarında Doğu Akdeniz gazının tehdit ve imkânları. Uluslararası Akdeniz'de Çevresel Güvenlik Konferansı. Kıbrıs.
16. Güneş M, Arslan T (2018) Enerji Bağımlılığında Avrupa Birliği, Rusya, Türkiye Üçgeni ve Doğu Akdeniz Alanı. International Journal of Humanities and Education 4:32-60.
17. Hadjiyski L (2018) Pipeline Politics: Europe, Russia, and Energy. (European Horizons at Princeton) Available in: https://europeanhorizons.princeton.edu/2019/12/pipeline-politics/. Accessed on: November 14 2022.
18. Huseynli B (2022) Examining the Relationship between Brand Value, Energy Production and Economic Growth. International Journal of Energy Economics and Policy 12:298-304.
19. Huseynli B (2023) Renewable Solar Energy Resources Potential and Strategy in Azerbaijan. International Journal of Energy Economics and Policy 13:31.
20. Huseynli N, Huseynli B (2022b) The Relationship between the Stock Price and the Energy Index: A Research on the Energy Company with the Highest Brand Value in Turkey. International Journal of Energy Economics and Policy 12:183-187.
21. Janbaaz D Fallah M (2019) Energy Resources of the Caspian Sea: The Role of Regional and Trans-regional Powers in its Legal Regime. In Ebrahimi, M, Goudarzi M R, Yusoff K (Ed.) The Dynamics of Iranian Borders (69-92). Springer.
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24. Koyuncu Ç A (2016) Güney Akım Projesi Çerçivesinde Bulgaristan Enerji Politikasının Analizi. Alternatif Politika 8:347-375.
25. Moore S (2017) Evaluating the energy security of electricity interdependence: Perspectives from Morocco. Energy Research & Social Science 24:21-29.
26. Nepal R, Paija N (2019) Energy security, electricity, population and economic growth: The case of a developing South Asian resource-rich economy. Energy Policy 132:771-781.
27. Nilsson M, Nilsson L J, Hildingsson R, Stripple J, & Eikeland P O (2011). The missing link: Bringing institutions and politics into energy future studies. Futures 43:1117-1128.
28. Oral F (2022) Role of the Caspian Region within the Scope of Energy Security. Bölgesel Araştırmalar Dergisi 6:419-439.
29. Padem H, Göksu A, Konakli Z (2012) Araştırma Yöntemleri, SPSS Uygulamalı. International Burch University, Sarajevo.
30. Proskuryakova L (2018) Updating energy security and environmental policy: Energy security theories revisited. Journal of environmental management 223:203-214.
31. Ren J, Sovacool B K (2014) Quantifying, measuring, and strategizing energy security: Determining the most meaningful dimensions and metrics. Energy 76: 838-849.
32. Sari Y, Azmukhanova А (2020) The Competition of Major Powers for the Caspian Energy Resources. Bulletin of L.N. Gumilyov Eurasian National University, Historical Sciences, Philosophy, Religion Series 2:56-67.
33. Sokolsky R, Lesser L (2001) Threats to Western Energy Supplies: Scenarios and Implications. In R. Sokolsky, S. Johnson, & S. F. Larrabee, Persian Gulf Security: Improving Allied Militay Contribution (19). RAND Publications, Washington.
34. Teräväinen T, Lehtonen M, Martiskainen M (2011) Climate change, energy security, and risk—debating nuclear new build in Finland, France and the UK. Energy Policy 39:3434-3442.
35. Tutar H, Sarkhanov T, Guliyeva N (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 12:332-341. doi: 10.32479/ijeep.12602
36. Wang B, Wang Q, Wei Y M, Li Z P (2018) Role of renewable energy in China’s energy security and climate change mitigation: An index decomposition analysis. Renewable and Sustainable Energy Reviews 90:187-194.
37. Yüce Ç K (2006) Kafkasya ve Orta Asya Enerji Kaynakları Üzerinde Mücadele. Ötüken Neşriyat, İstanbul.

This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

How to cite

Sarkhanov, T., & Huseynli, N. (2023). The importance of energy reserves in the Caspian Sea basin in the energy security policy of the European Union. Multidisciplinary Reviews, 6(1), 2023004. https://doi.org/10.31893/multirev.2023004

[1] Ahmedov F M (2007) Tema: Kaspiyskiy region – bezal'ternativnyy garant energeticheskoy bezopasnosti Yevropeyskogo Soyuza. Available in: PromitheasNet: http://www.promitheasnet.kepa.uoa.gr/images/files/Akhmedov-Speech-Rus.pdf. Accessed on: November 25 2022,

[2] Biresselioğlu M E (2011) European energy security: Turkey’s future role and impact. Palgrave Macmillan, UK.

[3] BP Report. (2018). BP Statistical Review of World Energy. London: BP.

[4] BP (2018) BP Statistical Review of World Energy. Accessed on: February 21 2023, Available in: https://www.bp.com/content/dam/bp/business-sites/en/global/corporate/pdfs/energy-economics/statistical-review/bp-stats-review-2018-full-report.pdf

[5] Caşın M H, Kısacık S (2018) Avrupa Birliği Enerji Hukuku ve Güvenlik Algılamaları. Çağlayan Kitabevi, İstanbul.

[6] Ciuta F, Klinke I (2010) Lost in conceptualization: Reading the “new Cold War” with critical geopolitics. Political Geography 29:323-332.

[7] da Graça Carvalho M, Bonifacio M, Dechamps P (2011) Building a low carbon society. Energy 36:1842-1847.

[8] Dudău R, Guedes A M (2016) Energy Politics in the Black Sea Region. In New Regionalism or No Regionalism? Emerging Regionalism in the Black Sea Area (pp. 69-94). Routledge, New York.

[9] Dursun S (2011) Avrupa birliğinin enerji politikası ve Türkiye. Ankara Üniversitesi Basımevi, Ankara.

[10] Dyer H, Trombetta M J (2013) The concept of energy security: broadening, deepening transforming. In: Dyer, H., Trombetta, M.J. (Eds.), International Handbook of Energy Security. Edward Elgar Publishing Ltd, Northampton, USA, 3–18.

[11] EIA (2013) Overview of oil and natural gas in the Caspian Sea region. Available in: www.eia.gov: https://www.eia.gov/international/analysis/regions-of-interest/Caspian_Sea. Accessed on: October 30, 2022.

[12] Energy Supply Security (2014) Emergency Response Systems of Individual IEA Countries. IEA, Germany.

[13] Eurostat (2020) Energy production and imports. Available in: https://ec.europa.eu/eurostat/statistics-explained/index.php/Energy_production_and_imports#Production_of_primary_energy_decreased_between_2008_and_2018. Accessed on: December 12 2022,

[14] Griffiths S (2017) A review and assessment of energy policy in the Middle East and North Africa region. Energy Policy 102:249-269.

[15] Güneş M (2016) Avrupa Birliğinin çevre ve enerji politikalarında Doğu Akdeniz gazının tehdit ve imkânları. Uluslararası Akdeniz'de Çevresel Güvenlik Konferansı. Kıbrıs.

[16] Güneş M, Arslan T (2018) Enerji Bağımlılığında Avrupa Birliği, Rusya, Türkiye Üçgeni ve Doğu Akdeniz Alanı. International Journal of Humanities and Education 4:32-60.

[17] Hadjiyski L (2018) Pipeline Politics: Europe, Russia, and Energy. (European Horizons at Princeton) Available in: https://europeanhorizons.princeton.edu/2019/12/pipeline-politics/. Accessed on: November 14 2022.

[18] Huseynli B (2022) Examining the Relationship between Brand Value, Energy Production and Economic Growth. International Journal of Energy Economics and Policy 12:298-304.

[19] Huseynli B (2023) Renewable Solar Energy Resources Potential and Strategy in Azerbaijan. International Journal of Energy Economics and Policy 13:31.

[20] Huseynli N, Huseynli B (2022b) The Relationship between the Stock Price and the Energy Index: A Research on the Energy Company with the Highest Brand Value in Turkey. International Journal of Energy Economics and Policy 12:183-187.

[21] Janbaaz D Fallah M (2019) Energy Resources of the Caspian Sea: The Role of Regional and Trans-regional Powers in its Legal Regime. In Ebrahimi, M, Goudarzi M R, Yusoff K (Ed.) The Dynamics of Iranian Borders (69-92). Springer.

[22] Kavaz İ (2018) Türkiye’nin Enerji Merkezi Olma Sürecinde TANAP Projesi. 02 21, 2021 tarihinde https://setav.org/assets/uploads/2018/06/199.Tanap-Projesi.pdf adresinden alındı

[23] Kessler C E, Kessler J C (2017) Foreign policy making with the academe. Energy Research & Social Science 24:102-105.

[24] Koyuncu Ç A (2016) Güney Akım Projesi Çerçivesinde Bulgaristan Enerji Politikasının Analizi. Alternatif Politika 8:347-375.

[25] Moore S (2017) Evaluating the energy security of electricity interdependence: Perspectives from Morocco. Energy Research & Social Science 24:21-29.

[26] Nepal R, Paija N (2019) Energy security, electricity, population and economic growth: The case of a developing South Asian resource-rich economy. Energy Policy 132:771-781.

[27] Nilsson M, Nilsson L J, Hildingsson R, Stripple J, & Eikeland P O (2011). The missing link: Bringing institutions and politics into energy future studies. Futures 43:1117-1128.

[28] Oral F (2022) Role of the Caspian Region within the Scope of Energy Security. Bölgesel Araştırmalar Dergisi 6:419-439.

[29] Padem H, Göksu A, Konakli Z (2012) Araştırma Yöntemleri, SPSS Uygulamalı. International Burch University, Sarajevo.

[30] Proskuryakova L (2018) Updating energy security and environmental policy: Energy security theories revisited. Journal of environmental management 223:203-214.

[31] Ren J, Sovacool B K (2014) Quantifying, measuring, and strategizing energy security: Determining the most meaningful dimensions and metrics. Energy 76: 838-849.

[32] Sari Y, Azmukhanova А (2020) The Competition of Major Powers for the Caspian Energy Resources. Bulletin of L.N. Gumilyov Eurasian National University, Historical Sciences, Philosophy, Religion Series 2:56-67.

[33] Sokolsky R, Lesser L (2001) Threats to Western Energy Supplies: Scenarios and Implications. In R. Sokolsky, S. Johnson, & S. F. Larrabee, Persian Gulf Security: Improving Allied Militay Contribution (19). RAND Publications, Washington.

[34] Teräväinen T, Lehtonen M, Martiskainen M (2011) Climate change, energy security, and risk—debating nuclear new build in Finland, France and the UK. Energy Policy 39:3434-3442.

[35] Tutar H, Sarkhanov T, Guliyeva N (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 12:332-341. doi: 10.32479/ijeep.12602

[36] Wang B, Wang Q, Wei Y M, Li Z P (2018) Role of renewable energy in China’s energy security and climate change mitigation: An index decomposition analysis. Renewable and Sustainable Energy Reviews 90:187-194.

[37] Yüce Ç K (2006) Kafkasya ve Orta Asya Enerji Kaynakları Üzerinde Mücadele. Ötüken Neşriyat, İstanbul.

Abstract

References

How to cite