Energy Security Struggle In Caspian Region From The View Of Important Pipeline Projects

Year 2016, Issue: 1, 52 - 65, 30.01.2016

Oğuzhan Akyener

Abstract

Caspian Region encloses the
countries having important energy resources (oil & gas), which attracts all
major energy players in the world. As a result of this appeal of the energy
resources; from the view of supply and demand security, there is a critical
balance and a very complex struggle among these major players.

To analyze the oil and gas
supply-demand balances in the field of energy security policies: in the first place,
it is better to define the main players in the region.  Furthermore, in order to evaluate the
long-term development plans; it is very important to examine the planned and
existing transferring infrastructure in the region (pipelines, ports, transformation
facilities, railroads, etc.).

In this study, initially, by
mentioning the importance of Caspian Region for world energy markets,
portfolios of the important players who are active and who want to be active in
this region will be analyzed. Secondly, definitions of the energy security for
each important player in the region will be determined and possible targets for
each player’s energy security definitions will be estimated. For analyzing
these targets and the struggle observed for these targets, after mentioning the
relevant resource development plans and the supply/demand potentials, the
situations of the existing and planned transportation capacities of the
pipelines will be described. By this way, the results of the struggle in energy
security in the region will be predicted.

Keywords

Caspian Region, energy

References

• 1 BP Statistical Review & CIA Fact Book. 2, 3 International Energy Outlook, 2012. 4, 5 The Directorate-General for Energy, “Russia”, European Commission; accessible from http://ec.europa.eu/energy/international/russia/russia_en.htm 6, 7, 8 US EIA, “Russia Country Report”, September 2012.