Mariana Liakopoulou analyzes shifts in US and the EU energy policies, combined with ongoing market developments, and their implications on the Caspian-region and Central Asian states’ geopolitical significance.
Shahmar Hajiyev analyzes the Nagorno-Karabakh conflict’s effect on the instability in the South Caucasus and its barriers to full regional economic integration.
In the rush of activity at the end of last year, in preparation for adjournment, the U.S. Congress approved and President Donald Trump signed legislation including provisions for American foreign economic policy, and energy policy in particular. The one that has got perhaps more attention was the Eastern Mediterranean Security and Energy Partnership Act of […]
In mid-November, the European Investment Bank (EIB) decided on five new rules to guide its energy lending policy: priority to energy efficiency, enabling energy “decarbonization”, increased finance for decentralized energy production, increased finance for “intermittent” energy sources such as wind and solar, and supporting “energy transformation” outside the EU. The Bank will cease lending in […]
The natural gas portfolio of the new European Commission (EC) seeks to ensure security of supply throughout Europe. Simultaneously, it has to determine a role for natural gas towards the envisioned carbon-neutral EU economy of 2050. The EU was first compelled to advance the supply-security aspect of natural gas after the 2006 and 2009 interruptions […]
Following the Dutch discovery of the Groningen field, and British, Norwegian and Danish discoveries in the North Sea during the 1960s and 1970s, natural gas appeared to offer Europe an opportunity to decrease its dependence on Middle Eastern oil. However, demand for gas quickly outpaced supply, leading West European buyers increasingly to rely on Soviet […]
The energy security of NATO members in Europe will receive a further boost as the European Union has opened a new Delegation in Turkmenistan. This Delegation supersedes the lower-level liaison office through which relations had been conducted up until now. The move follows the European Council’s adoption of a new “EU Strategy for Central Asia,” […]
Energy sector reform is moving quickly in Uzbekistan, and foreign direct investment (FDI) is skyrocketing. The country did not have an energy ministry until February of this year. Instead, the energy sector was in the portfolio of one of eight deputy prime ministers, who also covered metallurgy and geology. This excessive concentration of responsibilities was […]
Following President Donald Trump’s Nowruz (New Year’s) message to Turkmenistan’s President Gurbanguly Berdimuhamedov stating that the United States Government looks forward to seeing the Trans-Caspian Gas Pipeline (TCGP) built, the atmosphere has been changing in Washington in favor of the project. Twenty years ago, when the project was first being discussed, the American negotiators made […]