Turkey’s entangled (energy) security concerns and the Cyprus question in the Eastern Mediterranean

2019 ◽  
pp. 257-270 ◽  
Author(s):  
Emre İşeri
Keyword(s):  
Energy Security ◽  
Eastern Mediterranean ◽  
Security Concerns

scholarly journals Energy Security Concerns versus Market Harmony: The Europeanisation of Capacity Mechanisms

2019 ◽  
Vol 7 (1) ◽  
pp. 92-104 ◽  
Author(s):  
Merethe Dotterud Leiren ◽  
Kacper Szulecki ◽  
Tim Rayner ◽  
Catherine Banet
Keyword(s):  
European Commission ◽  
Energy Security ◽  
Member States ◽  
The United Kingdom ◽  
Capacity Markets ◽  
Future Supply ◽  
National Capacity ◽  
Security Concerns ◽  
The Impact ◽  
The Eu

The impact of renewables on the energy markets–falling wholesale electricity prices and lower investment stability–are apparently creating a shortage of energy project financing, which in future could lead to power supply shortages. Governments have responded by introducing payments for capacity, alongside payments for energy being sold. The increasing use of capacity mechanisms (CMs) in the EU has created tensions between the European Commission, which encourages cross-country cooperation, and Member States that favour backup solutions such as capacity markets and strategic reserves. We seek to trace the influence of the European Commission on national capacity markets as well as learning between Member States. Focusing on the United Kingdom, France and Poland, the analysis shows that energy security concerns have been given more emphasis than the functioning of markets by Member States. Policy developments have primarily been domestically driven, but the European Commission has managed to impose certain elements, most importantly a uniform methodology to assess future supply security, as well as specific requirements for national capacity markets: interconnectors to neighbouring countries, demand side responses and continuous revision of CMs. Learning from other Member States’ experiences also play a role in policy decisions.

Impact of Turmoil and Gas Resources in the Eastern Mediterranean on Jordanian Energy Security and Foreign Policy

2020 ◽  
Vol 22 (Summer 2020) ◽  
pp. 237-255
Author(s):  
Ahmad Alshwawra ◽  
Ahmad Almuhtady
Keyword(s):  
Foreign Policy ◽  
Energy Security ◽  
Mediterranean Region ◽  
Eastern Mediterranean ◽  
Energy Resource ◽  
Security Framework ◽  
International Context ◽  
The Mediterranean ◽  
The One ◽  
The Impact

The Mediterranean region has witnessed a lot of turbulence in the last decade. On the one hand, the Arab uprising changed the shape of the regional relations towards more rivalry. On the other hand, the discovery of natural gas resources has opened up a valuable chance for cooperation and settling the long-standing disputes. Jordan is affected by what happens in the Mediterranean region in more than one aspect. The various economic difficulties including energy insecurity, resulting from multiple refugee crises and the interruption of Egyptian gas is one of the most critical challenges Jordan has ever faced. As a heavy energy importer, the Jordanian energy sector is very sensitive to the regional and International context. The recently discovered Eastern Mediterranean gas is an attractive energy resource for Jordan. Nonetheless, a fear of its influence on the Jordanian foreign policy in the Palestinian context has grown. This article discusses the impact of the recent turmoil in the Mediterranean region on Jordan energy security. It tracks the change of energy security in Jordan between 2010 and 2018 using a proposed energy security framework. The article also discusses the potential implications of Jordan’s decision to import the Mediterranean gas through Israel on Jordanian energy security using the proposed energy security framework. Moreover, the article utilizes semi-systematic literature review methodology to analyze international, regional and national contexts in order to investigate the potential ramifications of that decision on Jordanian foreign policy regarding the Palestinian cause.

scholarly journals Energy Security and the Cyprus Question

2015 ◽  
Vol 27 ◽  
pp. 5-35 ◽  
Author(s):  
Vasileios P. Karakasis
Keyword(s):  
Energy Security ◽  
Eastern Mediterranean ◽  
Power Politics ◽  
Joint Declaration ◽  
New Energy ◽  
The Republic ◽  
Levant Basin ◽  
Republic Of Cyprus ◽  
Energy Assets ◽  
Cyprus Conflict

In February 2014, Nikos Anastasiades, the President of the Republic of Cyprus and Dervis Eroglu, the Turkish-Cypriot leader, signed a Joint Declaration that established certain “ground-rules” upon which the then stalled peace talks -aiming at the island’s reunification- could be revived. The main stimulant prompting this evolution was the discovery of new energy sources in the Eastern Mediterranean, and especially offshore the RoC. In October 2014, Turkish navigational warning notified mariners that Turkey would soon perform its seismic surveys in sea areas that encroach on Cyprus’s EEZ, raising concerns on the escalation of the intractable and protracted Cyprus conflict. Aim of this research project is to provide readers with an insight on how the flow between energy and power politics is played out in the Eastern Mediterranean. Suggesting that the existing tensions extend beyond the struggle over the existing material energy assets in the seabed of the Levant Basin, the project casts light upon the notion of energy security by setting forth the indicators it is composed of. While scrutinizing the statements of the leaders on these events and seeking to highlight the security discourses they are coming up with, the project resorts to discourse analysis.

scholarly journals Influence of Eastern Mediterranean Gas Discoveries on European Energy Security

2018 ◽  
Author(s):  
Elnur T. Mekhdiev ◽  
Alexander S. Vereshchagin ◽  
Guzel F. Kadyrova ◽  
Nail F. Gindullin ◽  
Sharbatullo D. Sodikov
Keyword(s):  
Energy Security ◽  
Eastern Mediterranean

scholarly journals Determining If Oil Prices Significantly Affect Renewable Energy Investment in African Countries with Energy Security Concerns

Energies ◽  
2020 ◽  
Vol 13 (24) ◽  
pp. 6740
Author(s):  
Ishaya Tambari ◽  
Pierre Failler
Keyword(s):  
Renewable Energy ◽  
Interest Rates ◽  
Energy Security ◽  
Price Volatility ◽  
Oil Prices ◽  
Oil Price ◽  
Energy Investment ◽  
Oil Price Volatility ◽  
Security Concerns ◽  
Renewable Energy Investment

As concerns regarding the adverse impacts of energy production and consumption on the environment grow, countries across the world are now charged with developing effective strategies that provide energy security and protect the environment. This means that efforts to generate significant investments and business opportunities to boost the growth of renewable energy need to increase rapidly. However, there are limited studies on what will facilitate the increase of renewable energy investment in Africa. The main factor considered in this study relates to the sensitivity to changes in oil prices, gross domestic product (GDP), interest rate and oil price volatility’s impact on the renewable energy investment (REI) in countries with energy security concerns and if there is any significant influence from oil price shocks. With the help of an unrestricted vector retrogressive model and an annual panel data approach that covers the period 1990–2018, this paper examines the link between renewable energy investment and three macroeconomic variables: oil prices, GDP growth-adjusted interest rates and oil price volatility. The results indicate that REI exhibited immediate positive responses to oil shocks. However, renewable energy investment continued to fluctuate negatively in response to GDP. The results also show that the REI responded positively to interest rates in Africa and it exhibited immediate negative responses to oil price volatility but became positive after the second period.

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