Comparative Assessment of Energy Security Level: The Case of the South Caucasus Countries

Shafa Aliyev, Mayis Gulaliyev, Safar Purhani, Gulsura Mehdiyeva and Elchin Mustafayev
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Shafa Aliyev: Sumgait State University, Sumgait, Azerbaijan; & Azerbaijan State University of Economics (UNEC), Baku, Azerbaijan; & Western Caspian University, Baku, Azerbaijan
Mayis Gulaliyev: Azerbaijan State University of Economics (UNEC), Baku, Azerbaijan; & Western Caspian University, Baku, Azerbaijan; & Ganja State University, Ganja, Azerbaijan
Safar Purhani: Western Caspian University, Baku, Azerbaijan
Gulsura Mehdiyeva: Azerbaijan Technological University, Ganja, Azerbaijan
Elchin Mustafayev: The State Technical University, Baku AZ1073, Azerbaijan

International Journal of Energy Economics and Policy, 2024, vol. 14, issue 1, 651-662

Abstract: The paper compares the energy security of three South Caucasus countries - Azerbaijan, Georgia, and Armenia. These countries differ from each other due to the use of different energy sources. The investigation used 28 indicators classified into six groups based on World Bank data to assess energy security. Indicators for each group were assessed as “stimulating†or “not stimulating†energy security. According to the results, Georgian’s energy security is less risky because of it uses renewable energy sources. Ensuring long-term energy security in Azerbaijan requires greater use of renewable energy sources. Armenia’s energy security is at higher risk due to its higher dependence on imports and poor use of renewable resources.

Keywords: Energy Security; Renewable Energy; Energy Consumption; Energy Import; Natural Resources (search for similar items in EconPapers)
JEL-codes: F52 Q43 (search for similar items in EconPapers)
Date: 2024
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eco:journ2:2024-01-70

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