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China's energy diplomacy in the Caspian Basin and its impact on the energy security of Europe

Moghani, A. M ; Sharif University of Technology | 2024

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  1. Type of Document: Article
  2. DOI: 10.1016/j.egyr.2024.01.070
  3. Publisher: 2024
  4. Abstract:
  5. Recent global events such as COVID-19 and Russia's invasion of Ukraine led to a significant transformation in the global energy market. The European Union's (EU) vulnerability to energy supply made the concept of diversification of energy supply more prominent. China also needs a stable energy supply for its sustainable economic growth. We observe that the energy resources of the Caspian Basin are crucial for the energy supply of China and the EU in this market for energy supply diversification. The research aims to analyze energy trends in the Caspian Basin and in what direction are these energy trends? Towards Europe or China? Three theories - interdependency, energy security, and sustainability - are used to analyze the research aim. The findings indicate that China has sustainable Gross Domestic Production (GDP) growth and a high Human Development Index (HDI) level, and its energy diplomacy in the Caspian Basin follows three concepts: Shanghai Cooperation Organization (SCO), Belt and Road Initiative (BRI), and Mutual Cooperation. Conflicts around the Caspian Sea have geopolitical roots in the West but internal roots in the East. Thus, current trends in the Caspian Basin are causing states to move toward China. © 2024 The Authors
  6. Keywords:
  7. China ; Interdependency ; Commerce ; Sustainable development ; Caspian basin ; Energy ; Energy supplies ; Energy trends ; Europe ; European union ; Global energy market ; Ukraine ; Energy security
  8. Source: Energy Reports ; Volume 11 , 2024 , Pages 2279-2294 ; 23524847 (ISSN)
  9. URL: https://www.sciencedirect.com/science/article/pii/S2352484724000702