ENERGY COOPERATION AND INTERDEPENDENCE IN THE CENTRAL ASIAN AND CASPIAN REGION FOR IMPROVING ENERGY SECURITY

Ayhan Gücüyener

Chapter 4 in Achieving Energy Security in Asia:Diversification, Integration and Policy Implications, 2019, pp 97-127 from World Scientific Publishing Co. Pte. Ltd.

Abstract: The Central Asian and Caspian (CAC) region’s energy wealth and unique geographic location offers multiple advantages for promising economic growth and development. Besides, even though the CAC region’s energy mix is historically dominated by fossil fuels, renewables are also considered as an option where problems related to energy security, overreliance of a single resource/supplier, climate change, and environmental challenges are on the rise. In that regard, cooperation and integration within the region, particularly on energy, could be a core solution as intraregional relations remain relatively weak. Cooperation, in that sense, would offer an increased level of supply security, promoting investments and enabling the transfer of know-how. Nevertheless, many cooperation initiatives on energy were challenged due to political issues as well as economic limitations. Still, cooperating particularly on renewables could bring a new prospect for regional energy cooperation so that it is possible to establish proper regional models based on the best practices. Thus, by relying on a SWOT analysis, this chapter strongly recommends the region’s states to focus on relative gains and advantages that energy cooperation and interdependence bring, the rather than highlighting the historical issues of conflicts and disagreements. The study concludes that more energy cooperation in the CAC region will improve the energy security level in the region.

Keywords: Energy Security; Energy Cooperation; Energy Insecurity; Diversification; Integration; Energy Policy; Geopolitics (search for similar items in EconPapers)
JEL-codes: O13 P48 Q43 Q48 (search for similar items in EconPapers)
Date: 2019
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.worldscientific.com/doi/pdf/10.1142/9789811204210_0004 (application/pdf)
https://www.worldscientific.com/doi/abs/10.1142/9789811204210_0004 (text/html)
Ebook Access is available upon purchase.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wsi:wschap:9789811204210_0004

Ordering information: This item can be ordered from

Access Statistics for this chapter

More chapters in World Scientific Book Chapters from World Scientific Publishing Co. Pte. Ltd.
Bibliographic data for series maintained by Tai Tone Lim ().