Energy sector reform is moving quickly in Uzbekistan, and foreign direct investment (FDI) is skyrocketing. The country did not have an energy ministry until February of this year. Instead, the energy sector was in the portfolio of one of eight deputy prime ministers, who also covered metallurgy and geology. This excessive concentration of responsibilities was Read More…
Momentum accelerated over the past month pointing towards the implementation, sooner rather than later, of the Trans-Caspian Gas Pipeline (TCGP). Already last summer the signature of the Convention on the Legal Status of the Caspian Sea established that neither Russia nor Iran would be able to block the construction of the pipeline. This even confirms Read More…
European energy security, especially the diversification of sources of supply of natural gas, increasingly depends on the South Caucasus countries of Georgia and Azerbaijan. Russia is building the NordStream Two and TurkStream pipelines in order to secure European Union (EU) dependence on Russian gas for decades to come. Because of its unique geographical situation, Georgia Read More…
This article is an end-of-year review looking at the EU’s and Turkey’s position in three potential maritime conflict situations: first, the Caspian Sea basin; and then the Black Sea and East Mediterranean basins together. The most significant development in Caspian Sea energy in 2018 was the signature of the Convention on the Status of the Read More…
Attempts to commercialize the East Mediterranean natural gas province continue still with difficulty. The gas deposits in the Cyprus offshore continue to be at the centre of attention, while those of Israel and Egypt are set in relation to those. The issue that preoccupies observers is how to market the gas from Cyprus in Europe. Read More…
The recently-signed Convention on the Legal Status of the Caspian Sea has the potential for far-reaching effects, both in the region and throughout Europe. The way this decades-old dispute was solved With security, energy, legal and economic issues at play, it is important to understand what has been resolved, and what is still at stake.
The continuing news about the Syrian Civil War tends to obscure the emergence of the East Mediterranean basin as a potentially significant energy-producing region, where military clashes in coming months cannot be ruled out. Recent energy-related success stories in the region include Egypt’s offshore gas discoveries and the continuing growth of Israel’s offshore gas projects, Read More…
The Eastern Mediterranean is without a doubt a conflict-prone geographic location. Most consider the conflicts between Israel, Lebanon, Syria, Palestine and occasionally, Egypt, when discussing the region, but new players are clashing with one another, and this time, they’re allies. While the world looks at nearby Syria, it has been Turkey, Cyprus and Greece that Read More…
The authoritative text of the Convention on the Status of the Caspian Sea (Caspian Convention), signed August 12 in Aktau, Kazakhstan, is now available. After 23 years of negotiations, skepticism seems to be an influential trend in interpreting the Convention’s significance. It is easier for an expert to say, “Oh I didn’t expect such progress,” Read More…
John Szabo writes on the Nord Stream Two gas pipeline, and how it’s divided opinion across Europe and with its allies, and how it could affect EU and NATO projects in the foreseeable future. Germany wants to move forward, but that means that the Cold-War frontlines between East and West could be pushing further west.