Background: The Middle Corridor, a transport route from Asia to Europe that also facilitates major energy projects through the Caspian Sea and its surrounding countries, has gained even more attention after the intensification of the conflict in Ukraine in 2022. Methods: On the basis of major...

For its abundant fossil resources, the Central Asia and Caspian region plays a strategic role in the energy security of major markets, such as Europe and China. However, this dependence on export, added to a firm reliance on fossil fuels for internal consumption, represents a significant...

The current context generated by the armed conflict between Ukraine and Russia brings to the foreground an important issue concerning the international trade in cereals, mainly the transit of cereals from/to Ukraine via the Black Sea to/from Ukraine's trading partners. While the transit of...

The Russian economy will have to adjust its logistics to face the new reality. The operationali­zation of the multimodal International North-South Transport Corridor (INSTC) is an important strategic part of it. This "pivot to the South" by Russia and other Eurasian Economic Union (EAEU)...

Although electricity grids shape and define both political and economic spaces, the geopolitical significance of electricity remains underestimated. In political communities and beyond, such grids establish new channels for projecting geopolitical influence and new spheres of influence. In the...

"The analysis of geopolitics and energy security policies in the Caspian region is a challenging research task. The results from the specific development of international relations in this region and the evolution of its importance in the context of the functioning of the global energy market....

The paper aims to assess the relationship between Azerbaijani and Kazakhstani exchange rates and crude oil prices volatility. The study applies the structural vector autoregressive (SVAR) model. The paper concentrates on Azerbaijan and Kazakhstan, the post-Soviet countries considered as some of...

The historical routes from the People's Republic of China (PRC) and India to the Middle East or Europe ran north of, south of, and across the Caspian Sea. Since 1500, maritime transport has dominated trade between Europe and East Asia. Central Asia became an economic backwater, incorporated into...

The aim of this paper is to analyze the barriers to economic integration of Caspian Sea countries ‒ specifically the Russian Federation, Kazakhstan, Azerbaijan, Turkmenistan, Uzbekistan, Iran, and Georgia ‒ and suggest solutions. A literature review is used as a methodology for conducting...

Following the collapse of the Soviet Union, Western countries have signed several agreements regarding the use of hydrocarbon resources in the Caspian Basin, with the aim of diversifying their energy suppliers. However, recession in the world economy and persistently low oil prices have...

The main objective of this study was to investigate the impact and causality of crude oil and natural gas on economic growth in the Caspian Sea region. Here, the study applies ordinary least square (OLS) method and Granger causality test using time series data from 1997 to 2015 to ascertain the...

The present paper examines both domestic and international actors, involved in the westward oil shipment of Kazakhstani oil, and their interests. It demonstrates that while foreign companies have been backed by their governments, national firms have also enjoyed considerable state support,...

This paper analyses the current problems related to security of natural gas supply in the EU. Analysing the Nabucco pipeline, it argues that the EU is balancing between a market and a geopolitical approach to energy security. For this reason, the EU is not capable of securing a sufficient amount...

Regions, rich in energy resources, continue to be of crucial interest for our carbon-powered world. There are numerous things at stake to begin with, from international legal status, ownership rights, energy routes, transit corridors, state and corporate interests, environmental hazards and the...

This chapter evaluates the effects of second-home phenomena in several cities which, due to their unique spatial characteristics, are the target destination for the people who wish to escape routine life. The study setting, the Caspian Sea coastal zone, is endowed with natural comparative...

What has made it possible for energy development to succeed today in the Caspian Sea basin is the qualitatively new phenomenon of strategic alliances among industry leaders. This phenomenon has emerged from the need to coordinate the incredibly complex engineering tasks combining economic,...

The instability of the Caspian region, matters profoundly to the west and to the U.S. for several reasons. First, its instability permits the operation and growth of terrorist movements that often have a global and specifically anti-American scope. Second, the Caspian is a emerging oil producing...

Although much attention is paid to the Caspian region with regard to energy issues, the domestic consequences of the region’s resource production have so far constituted a neglected field of research. A systematic survey of the latest research trends in the economic and political causalities...

In this study, the Caspian Sea security issue is addressed in the context of the economic causes and consequences. First of all, general assessments and the case of the Caspian Sea assessments related with the Caspian Sea security problem and determinations for oil and natural gas, which the...

By The Caspian Sea countries present growing importance in the global energy market. The largest energy producers in the region are Azerbaijan, Kazakhstan, and Turkmenistan. In recognition of the growing importance of Caspian countries in the global energy market, this article takes a look at...

Although much attention is paid to the Caspian region with regard to energy issues, the domestic consequences of the region's resource production have so far constituted a neglected field of research. A systematic survey of the latest research trends in the economic and political causalities of...

Although much attention is paid to the Caspian region with regard to energy issues, the domestic consequences of the region's resource production have so far constituted a neglected field of research. A systematic survey of the latest research trends in the economic and political causalities of...

To avoid Dutch Disease and other oil-related problems, policymakers advise oil-rich countries to save a proportion of their oil revenue abroad until the rate of return on these investments is greater at home than abroad and institutions have developed sufficiently to insure the quality of...

Conveniently located near the world’s fastest growing energy markets, the resource-rich and transit countries of Eastern Europe, Caucasus and Central Asia contribute significantly to world energy security. However, shared challenges across the region include aged infrastructure, high energy...