Kazakhstan and Azerbaijan: Great Potentials for energy diversification in the Caspian Sea

Kazakhstan and Azerbaijan: Great Potentials for energy diversification in the Caspian Sea
Author :
Publisher : GRIN Verlag
Total Pages : 17
Release :
ISBN-10 : 9783668774926
ISBN-13 : 3668774927
Rating : 4/5 (927 Downloads)

Book Synopsis Kazakhstan and Azerbaijan: Great Potentials for energy diversification in the Caspian Sea by : Inga von der Stein

Download or read book Kazakhstan and Azerbaijan: Great Potentials for energy diversification in the Caspian Sea written by Inga von der Stein and published by GRIN Verlag. This book was released on 2018-08-16 with total page 17 pages. Available in PDF, EPUB and Kindle. Book excerpt: Essay from the year 2017 in the subject Politics - Region: Russia, grade: 8, , language: English, abstract: This paper argues that Azerbaijan strength is its key geostrategic position, while Kazakhstan’s strength is its abundance of energy resources. However the heavy dependence on the energy sector makes both countries victims to fluctuating oil and gas prices. While Azerbaijan is reluctant to reform, Kazakhstan is more concrete in increasing the amount of renewables in its energy industry and more ambitious in adapting its tariffs to the decreasing oil prices on the world market. Thus, it is possible that Kazakhstan will attract more investment and growth in the long-run. This paper is structured as follows: firstly, a background outlines the historical development of the Caspian Sea region. Secondly, a theoretical part discusses the approach used to analyse Azerbaijan and Kazakhstan, outlining the factors identified by IEA. Thirdly, in an analytical part, the theoretical framework by the IEA is applied to both countries.


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