Publishing Institution: Center for Economic and Social Development (CESD) / Topic: Energy Sector

Author:: CESD Research Team
Publication Date:: 09-2022
Content Type:: Policy Brief
Institution:: Center for Economic and Social Development (CESD)
Abstract:: In the background of the Russian invasion of Ukraine, European Union (EU) agreed to ban the overwhelming majority of Russian oil imports. Since the beginning of the invasion, the West decided to make Moscow pay economically for its aggression. Nevertheless, the decision aimed at the energy sector was quite challenging since the bloc relies on Russia for 25% of its oil and 40% of its natural gas.
Topic:: Oil, European Union, Imports, Russia-Ukraine War, and Energy Sector
Political Geography:: Russia, Europe, Ukraine, and Caspian Sea

Author:: CESD Research Team
Publication Date:: 05-2022
Content Type:: Working Paper
Institution:: Center for Economic and Social Development (CESD)
Abstract:: Following Russia's decision to restrict natural gas exports to Poland and Bulgaria, energy security has become a priority in the European Union. Although the ancient continent is trying to increase gas imports from alternative sources, Gazprom is still trying to maintain its dominance in Europe for some time. Meanwhile, Azerbaijan continues to increase natural gas production. In the first quarter of this year, Azerbaijan produced 11.8 billion cubic meters of natural gas. 3.5 billion cubic meters of gas were produced from ACG, 6.4 billion cubic meters from Shah Deniz, and 1.9 billion cubic meters from SOCAR. During that period, gas exports amounted to 5.9 billion cubic meters. 2.2 billion cubic meters of gas were exported to Turkey, 2.6 billion cubic meters to Europe, and 1.1 billion cubic meters to Georgia. More than 4 billion cubic meters of gas were transported to Turkey via TANAP during this period.
Topic:: European Union, Gas, Exports, Russia-Ukraine War, and Energy Sector
Political Geography:: Russia, Europe, Poland, Azerbaijan, and Bulgaria

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