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"
The eu-Energy Security and Geopolitical Economy
"
Mehdi P. Amineh, Wina H. J. Crijns-Graus
Document Type
:
AL
Record Number
:
1063532
Doc. No
:
LA107161
Call No
:
10.1163/15692108-12341404
Language of Document
:
English
Main Entry
:
Mehdi P. Amineh
:
Wina H. J. Crijns-Graus
Title & Author
:
The eu-Energy Security and Geopolitical Economy [Article]\ Mehdi P. Amineh, Wina H. J. Crijns-Graus
Publication Statement
:
Leiden: Brill
Title of Periodical
:
African and Asian Studies
Date
:
2018
Volume/ Issue Number
:
17/1-2
Page No
:
145–187
Abstract
:
Although energy supply security is an important long-term goal of the eu, member states are in control over external supplies and their domestic energy mix, and an overarching institutional structure is lacking. In this paper, we focus on the availability of oil and gas and the risks of supply disruptions for the eu. The last two decades have been marked by a decrease in fossil fuel production and increasing import dependence. Proven oil and gas reserves in the eu are very limited. Especially in the case of oil the outlook of both global and own eu reserves looks bleak. At the same time, global trends show an increasing demand for energy in the coming decades, concentrated mainly in developing countries, specifically in China. The Persian Gulf area and the Caspian Sea region hold some of the world’s largest oil and gas reserves, and these will make them increasingly significant in global markets. These factors create a setting for the eu of demand- and supply-induced and structural scarcity. The persistence of Arab patrimonial rentier states and societies are a domestic and geopolitical source of instability. These states’ Sovereign Wealth Funds are used by ruling elites to divert assets from socioeconomic development towards individual profit. Emerging Asian economies involved in the me and the cea, especially China, will influence the regions’ future geopolitical and geo-economic reality. China relies on resources for domestic development and the resource-rich Middle Eastern countries have long been a destination from which to acquire them.
Descriptor
:
Central Asia and the Caspian Region
Descriptor
:
China
Descriptor
:
energy supply security
Descriptor
:
EU Energy Policy
Descriptor
:
geopolitical economy
Descriptor
:
the Middle East and the Persian Gulf
Descriptor
:
unconventional fossil fuels
Location & Call number
:
10.1163/15692108-12341404
https://lib.clisel.com/site/catalogue/1063532
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10.1163-15692108-12341404_322.pdf
10.1163-15692108-12341404.pdf
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