Review article
Euroasia, Energy Cooperation or Conflict? PART 2.: Caspian Region, Oil and Geopolitics
Stevo Kolundžić
; Advisor to the President of the Management Board of INA d.d., Av. V. Holjevca 10, 10020 Zagreb
Abstract
During the 1990s Caspian region and its oil and gas potentials opened the way to new optimism. Expectations were huge.
However, at the beginning of the new century some doubts appeared about real energy potentials of the region. Oil and gas reserves are below expectations, and a real challenge is how to bring them to European markets. Long distance pipelines are costly and involve political issues as they cross different countries. Several conflicts blocked the evacuation of the Caspian oil to the West. Russia as the largest supplier tends to dominate transit routes. In recent history they used dominant supplier position as a weapon for imposing Russian state policy. On the other side are fast growing Asian countries that enter into competition for getting Caspian oil and gas supplies.
Keywords
energy potential; geopolitics; oil and gas reserves; oil and gas production
Hrčak ID:
39275
URI
Publication date:
30.4.2009.
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