CASPIAN DILEMMA: HOW TO DELIVER BLUE FUEL TO THE EUROPEAN MARKET

David PREYGER, Vladimir OMELCHENKO

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David Preyger, D.Sc. (Econ.), professor, head of the Department of Transport Communication Development Problems, National Institute of International Security Problems (Kiev, Ukraine)

Vladimir Omelchenko, Chief consultant of the Department of Transport Communication Development Problems, National Institute of International Security Problems (Kiev, Ukraine)

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Globalization is increasingly encompassing regions traditionally closed to the outside world, including Central Asia. This is mainly having an effect on the relations between its countries and European states with respect to hydrocarbon deliveries and promoting the creation of a single geo-communication space. It is initially fraught with a certain amount of tension and discrepancy. But these negative elements will gradually abate, since the creation of this space is based on several objective integration factors. The most important of them include the formation of stability, security, and cooperation policies; mutually advantageous development of transnational communication lines; ensuring environmental balance; and protecting biological diversity.

Recently, most Caspian countries, emboldened by the data of geological surveys on large supplies of hydrocarbons promising significant economic and political dividends, have been independently emerging from the shadow of the major political players onto the geopolitical battle field. These dividends will make it possible for the Caspian countries to establish regulations in the region which will largely meet the interests of the regional elites and………………..

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