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- W2022013997 abstract "Since the early 2000s the United States and the European Union have increasingly sought to develop hydrocarbon resources beneath the Caspian Sea in order to reduce their heavy dependency on supplies from the Middle East. The goal is to reduce the West's energy vulnerability and enhance its energy security. This essay seeks to examine the Caspian Sea states' oil and natural gas potential. Energy security is defined as sustainable and reliable supplies at reasonable prices. The argument is two‐fold. First, the Caspian Sea suffers from several drawbacks, particularly the lack of consensus on a legal status of the sea and the construction of pipelines. Second, these drawbacks aside, energy security should not be addressed as one supplier replacing another. The Caspian Sea states' production potential is limited in comparison with that of the Middle East. Thus, the Caspian Sea should be seen as a supplement, not a replacement, to the Middle East. Still, production from Central Asia would contribute to the diversity of oil and natural gas supplies and enhance global energy security." @default.
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- W2022013997 date "2005-06-15" @default.
- W2022013997 modified "2023-10-02" @default.
- W2022013997 title "Energy Security: The Caspian Sea" @default.
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- W2022013997 doi "https://doi.org/10.1080/14041040500372139" @default.
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