Eastern Mediterranean Area in Energy Security of The European Union: From Sea Border Issues to Economic Conflicts of Interest


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DOI:

https://doi.org/10.32479/ijeep.12602

Keywords:

EU energy security, Eastern Mediterranean gas reserves, Sea border issues, Exclusive economic zone

Abstract

The interdependence experienced on a global scale today has gained more importance with the increasing demand for energy resources. The situation of interdependence may cause various conflicts due to the differences in strategy between countries regarding access to energy resources. In this destructive competitive environment, hydrocarbons, especially natural gas, continue to be an essential means of competition as a strategic energy source. This situation makes the European Union and the countries that are the suppliers of the energy demand of the Union and the transition countries dependent on each other. This situation of interdependence makes energy resources the most important policy tool. Russia, one of the energy suppliers of European states, uses this advantage as an essential political pressure tool. European Union countries turn to alternative resources and areas to reduce dependency in the face of this situation. In recent years, the Eastern Mediterranean basin has been added to these areas. With the discovery of significant hydrocarbon resources in the Eastern Mediterranean, the importance of this region for European countries is increasing. However, this situation causes maritime border disputes and geopolitical conflicts between the countries of the region. This conceptual study emphasizes the solution of problems related to cross-border hydrocarbon resources and the extent to which natural gas reserves in the Eastern Mediterranean will be an alternative to Russian natural gas.

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Author Biographies

Hasan Tutar, Istanbul Commerce University, Istanbul, Turkey

PhD in management and organization (2000, Atatürk University, Turkey); Associate Professor (2009, Sakarya University, Turkey); Professor (2013, Sakarya University, Turkey). His research interests include organizational strategy, organizational theories, human resource management, and organizational behavior.Correspondence to: Prof. Hasan Tutar, PhD, Bolu Abant Izzet Baysal University, Public Relations Department, 14030 – Merkez, Bolu, Turkey, e-mail: hasantutar@ibu.edu.trORCID iD: https://orcid.org/0000-0001-8383-1464

Teymur Sarkhanov, Azerbaijan State University of Economics (UNEC), Department of Economics and Business Administration

Bachelor's degree in management and organization (2005, The Academy of Public Administration, Azerbaijan); Master in management and organization (2010, Azerbaijan University of Architecture and Construction, Azerbaijan); PhD (2021, Sakarya University, Turkey). His research interests include organizational theories, strategic management, human resource management, and organizational behavior.Correspondence to: Lecturer, Teymur Sarkhanov, PhD, Azerbaijan State Economic University (UNEC), Department of Economics and Business, Istiqlaliyyat str.6, AZ1001, Baku, Azerbaijan. e-mail: teymur.sarkhanov@gmail.comORCID iD: https://orcid.org/0000-0002-2022-9342

Nigar Guliyeva, Azerbaijan State University of Economics (UNEC), Department of Economics and Business Administration, Baku, Azerbaijan.

Bachelor's degree in Business Administration (2010, Azerbaijan State Economic University, Azerbaijan); Master Capiyal Market and Stock Exchange (2014, Marmara University Turkey); PhD (countine, Sakarya University, Turkey). His research interests include finance theories, finance management, and accounting.Correspondence to: Lecturer, Nigar Guliyeva, PhD. C., Azerbaijan State Economic University (UNEC), Department of Economics and Business, Istiqlaliyyat str.6, AZ1001, Baku, Azerbaijan. e-mail: nigarguliyev0@gmail.comORCID iD: https://orcid.org/0000-0001-7817-6485 

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Published

2022-01-19

How to Cite

Tutar, H., Sarkhanov, T., & Guliyeva, N. (2022). Eastern Mediterranean Area in Energy Security of The European Union: From Sea Border Issues to Economic Conflicts of Interest. International Journal of Energy Economics and Policy, 12(1), 332–341. https://doi.org/10.32479/ijeep.12602

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Articles