Russia and the Caspian region: challenges for transatlantic energy security?
The EU and the USA have not always agreed on Europe’s approach to energy security, particularly Europe’s relationship with Russia. But even when transatlantic interests have converged vis-a`-vis Russia or the Caspian region, mere concurrence has not always been sufficient for producing positive outcomes. By analysing in broad-brush strokes the motivations of the EU, the USA and Russia in four arenas — Russian and Caspian oil to world markets and Russian and Caspian gas to the EU — the contradictions and challenges are illuminated. As this analysis demonstrates, success is more likely when the EU member states are unified around a position and the transatlantic partners agree on both objectives and strategies.
KeywordsRussia Caspian Caucasus Central Asia energy security
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