The Caspian Sea Region towards 2025
The Caspian Sea and the lands around it are emerging again as a focus region in global affairs. With security of energy supply high on the international agenda, and with fears of resource shortages re-surfacing, the countries of the Caspian region are stepping onto the global stage, claiming for themselves new roles as providers of resources to the world. However, the new-found strength and self-confidence of the rulers of these countries are built on uncertain ground. How will a temporary – or longer-term – global recession affect these recently independent countries? How will climate change influence them – and will global climate policy alter the value of their massive hydrocarbon reserves? In some of these countries, there have been domestic armed conflicts or conflicts with neighbouring states – could hostilities erupt again? And what about the major powers in the neighbourhood? Who will gain influence, and who will lose – or will geopolitical games simply serve to destabilize matters? In three scenarios for the Caspian Sea region in 2025 this book tries to suggest possible futures for the countries around the Caspian Sea. The futures are shaped in a complex interplay with global events, with other powers and with a range of forces within the region itself. The main forces shaping the region will be the market for natural resources and their impact on regional economies, political and cultural forces of change within the region and each of the countries, as well as the dominance and influence of great powers.
Caspian Energy Politics
Caspian Energy Politics analyses the role of oil and gas in the development of the three main petroleum exporters in the Caspian region - Azerbaijan, Kazakhstan and Turkmenistan - and how energy resources influence interactions with semi-authoritarian Russia and China. Due to volatile commodity prices and competition for the resources in and around the Caspian Sea, the governments of these petroleum-exporters face a series of difficult decisions. These governments have sought to balance short-term incentives to spend oil revenues as a means to maintain power against the need for a long-term strategy for managing these assets, choices which have further implications for how these countries align themselves internationally. By illuminating important linkages between domestic and international dynamics in these states, the book provides a fresh perspective on energy politics and the impact of petroleum on the development of the Caspian petroleum producers. Expert contributors from Central Asia and the South Caucasus and international scholars provide context-specific insights into the incentives affecting decision-makers that can provide a foundation for strategies to help the countries in the region overcome the negative effects of reliance on oil and gas. As such, the book will be a valuable tool for business actors seeking to understand the role of Chinese and Russian companies in the region, as well as local and international policymakers and non-governmental organisations.