October 22, 2019

The weakest link? Hedging energy security challenges and opportunities within the eastern neighborhood, the Mediterranean and the Black Sea/Caspian region

The shift from oil to gas has inevitably led to the emergence of regional energy politics with
a growing number of stakeholders involved in influencing and shaping the energy security
discussion. What used to be predominantly the sovereign decision of a state has now become
a subject of discussion which, owing to geological, political and often security constraints,
may have an effect on the success of a policy. The regional aspect of energy politics is
particularly potent with regard to natural gas. This is especially the case with regard to the
broader geographical space comprising of the Eastern Neighborhood, the Mediterranean and
the Black Sea/Caspian region. With the world’s largest proven gas reserves to be found in
this tripartite ‘Shared Neighborhood’, inevitably the dynamics of natural gas politics have
conflated, demanding new solutions.

Key words: regional energy security, energy policy, transit, security of supply and demand, Eastern Neighborhood, Mediterranean, Black Sea/Caspian region.
by Slawomir Raszewski

Source: Kadir Has Universitesi

 

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