Energy Cooperation Opportunities in the Caucasus
Caucasus International, Vol. 1, No. 1, 2011
11 Pages Posted: 2 Dec 2012
Date Written: December 2, 2012
The paper deals with the design of the framework for the energy co-operation opportunities in the Caucasus, based on the paradigm of 'pipelines harmonization.' Azerbaijan has a clear comparative advantage. Because of the special geographic features of the Caucasus, the use of Azerbaijan’s transport potential largely depends on other country in the region - Georgia. Georgia’s main comparative advantage is its geographic location on the restored Great Silk Road - the central corridor joining Europe and Asia. To intensify economic partnership between Azerbaijan and Georgia the new approach for the energy co-operation has to be developed.
Keywords: energy politics, energy dependency, alternative pipelines, energy supply harmonisation
JEL Classification: Q41, Q48, R41
Suggested Citation: Suggested Citation