111. Transatlantic Energy Security and the Caspian Basin: Moving Towards a Common Agenda
- Author:
- Adam N. Stulberg and Hendrik Cosijn
- Publication Date:
- 08-2002
- Content Type:
- Policy Brief
- Institution:
- EastWest Institute
- Abstract:
- Once considered an impediment to stable development and a catalyst for a new “Great Game,” Caspian energy may play a stabilizing role in world markets and geopolitics after all. With the West's growing dependence on hydrocarbon imports, growing tensions in the Middle East, and Moscow's emergence as a major player in 21st century energy politics, the Caspian region is poised to become a focal point for cooperation between the United States, Europe, and Russia. Policymakers in Washington, Brussels, and Moscow share a common interest in preventing the Caspian Basin from lapsing into another Persian Gulf, where windfalls in oil revenues have fueled instability and extremism. They also recognize that efforts to extract and export Caspian energy must advance regional development and stability. Thus far, however, shared interests have not yielded real transatlantic partnership on Caspian energy issues. Different strategic orientations and preferred approaches for unlocking Caspian energy threaten to mar prospects for broadening and deepening transatlantic cooperation in the region. To date, the U.S., Europe, and Russia have pursued parochial interests in the Caspian Basin without much regard for each other. The time is ripe for American, European, and Russian policymakers to take stock of the burgeoning confluence of interests, mount a concerted effort to prevent backsliding, and cement a common agenda by forging a trilateral dialogue on Caspian energy issue.
- Topic:
- Security and Energy Policy
- Political Geography:
- Russia, United States, Europe, Washington, Asia, and Moscow