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View Full Version : Black Sea/Caspian Region in Europe's Economic and Energy Security



Naeem
04-25-2008, 03:43 PM
http://www.isdp.eu/files/publications/scornell/sc08europesenergy.pdf

"Key Argument: Europe faces a set of serious challenges to its economic and
energy security in terms of access to resources, markets, and other crucial
commodities, such as skilled labor. This is especially evident in light of
unfavorable demographic trends and increased Russian dominance in the
energy field. The Black Sea/Caspian region holds a strong potential for
contributing to Europe’s economic- and energy security. Especially the
Caspian basin is extremely rich in energy resources which could, if secured,
help alleviate Europe’s strategic dependence on Russia. The region also
constitutes a considerable market, and provided transport infrastructure is
developed, is positioned as a transit route for European trade access to
Eastern Asia.
Policy Implications
• European governments need to realize the region’s significance and
include it in their development of long-term political and economic
security strategies. These should include promoting closer ties with the
regional states and allowing for their long term integration with European
structures.
• The EU could undertake several measures to support the region’s
development and improve EU access to its resources. These include
supporting the development of infrastructure for energy and trade,
granting easier entry to the EU for the region’s products, and active
investment policies in the region.
• In order to secure access to the region’s energy resources, the EU should
promote and support infrastructure along two main routes: Eastern
Caspian-Azerbaijan-Georgia-Turkey to Europe for oil and gas, and
Eastern Caspian-Azerbaijan-Georgia-Ukraine to Europe for mainly oil....."