Energy resources. World energy bonus

1981 ◽  
Vol 27 (4) ◽  
pp. 330
Author(s):  
Melville Hawthorn
Author(s):  
Morgandi Tibisay ◽  
Viñuales Jorge E

This chapter investigates the concept of ‘energy security’, understood as the ‘uninterrupted availability of energy resources at an affordable price’. Importantly, according to this definition, the ‘availability’ of energy resources is measured against existing energy demand, and threats to energy security are therefore threats to the supply of enough energy to meet existing energy demand. Energy supply depends upon both domestic and international factors which are so interconnected that it is difficult to distinguish where one starts and the other ends. What is clear, however, is that international law plays a fundamental role in addressing many threats to energy security. The chapter looks at existing threats to energy security and the international legal frameworks that have been established in response. The challenges to energy security include an exponential increase in world energy demand, shortages of national oil and gas deposits, the need to reduce dependence on fossil fuel production in order to counteract climate change, as well as risks of geopolitical instability. The chapter then focuses on the mechanisms aimed to ensure that the flow of energy remains uninterrupted and at an affordable price, as well as on those mechanisms aimed at increasing access to energy resources.


1954 ◽  
Vol 32 (20) ◽  
pp. 2007-2010

Author(s):  
Serdar Kuzu

Central Asian Republics contain a grand potential in itself through their rich natural resources and strategic locations on the Silk Road between east and west. However, international production and trade share of Turkic Republics is very low. Natural resources are among the most important elements for economic structure. Natural resources that hold by Turkic Republics have had an increasing importance in the world energy market since the disintegration of the Soviet Union. Many international firms have focused on this district in order to have a say in the production and distribution of energy resources. Within this period, the starting up of the Baku-Tbilisi-Ceyhan Pipe Line and studies on the Nabucco Project have contributed to the economies and stability of Turkic Republics. Important gas and petroleum exporting countries such as Kazakhistan, Azerbaijan have gotten high rates of growth depend especially on the natural resources export. However, gains provided by natural resources can create negative effects on income distribution of countries despite their positive effects on economic growth. Economic structure depend natural resources should be diversified for Turkic Republics in order to invest earnings come from natural resources efficiently. This is also very important for the intraregional trade and investment. Thus, logistic structure that could transport natural resources to other markets becomes very important. This study focuses on the positions of energy resources of Kazakhistan, Azerbaijan, Kirghizstan, Turkmenistan and Uzbekistan as Turkic Republics in the world energy market and their effects on the economies of these countries.


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