Eastern Mediterranean Area in Energy Security of The European Union: From Sea Border Issues to Economic Conflicts of Interest

Hasan Tutar, Teymur Sarkhanov and Nigar Guliyeva
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Hasan Tutar: Istanbul Commerce University, Istanbul, Turkey,
Teymur Sarkhanov: Department of Economics and Business Administration, AzarbaijanState University of Economics, Baku, Azerbaijan.
Nigar Guliyeva: Department of Economics and Business Administration, AzarbaijanState University of Economics, Baku, Azerbaijan.

International Journal of Energy Economics and Policy, 2022, vol. 12, issue 1, 332-341

Abstract: The interdependence experienced on a global scale today has gained more importance with the increasing demand for energy resources. The situation of interdependence may cause various conflicts due to the differences in strategy between countries regarding access to energy resources. In this destructive competitive environment, hydrocarbons, especially natural gas, continue to be an essential means of competition as a strategic energy source. This situation makes the European Union and the countries that are the suppliers of the energy demand of the Union and the transition countries dependent on each other. This situation of interdependence makes energy resources the most important policy tool. Russia, one of the energy suppliers of European states, uses this advantage as an essential political pressure tool. European Union countries turn to alternative resources and areas to reduce dependency in the face of this situation. In recent years, the Eastern Mediterranean basin has been added to these areas. With the discovery of significant hydrocarbon resources in the Eastern Mediterranean, the importance of this region for European countries is increasing. However, this situation causes maritime border disputes and geopolitical conflicts between the countries of the region. This conceptual study emphasizes the solution of problems related to cross-border hydrocarbon resources and the extent to which natural gas reserves in the Eastern Mediterranean will be an alternative to Russian natural gas.

Keywords: EU Energy Security; Eastern Mediterranean Gas Reserves; Sea Border Issues; Exclusive Economic Zone (search for similar items in EconPapers)
JEL-codes: K32 P28 P48 (search for similar items in EconPapers)
Date: 2022
References: View complete reference list from CitEc
Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:eco:journ2:2022-01-41

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