ECONOMIC AND ENERGY INTERDEPENDENCIES IN THE BLACK SEA REGION
ECONOMIC AND ENERGY INTERDEPENDENCIES IN THE BLACK SEA REGION

Summary/Abstract: In the international system, economic and political-military subsystems are interdependent and no doubt that there is a link, not only correlative, but also causal, between detaining, supplying, demanding and using energy resources, their geographical spread and access, and regional security. All recent oil games are carried on spaces with geopolitical importance, in context of new local, regional and global changes. Pontus space is placed on the main stage of energy issues and it is crossing a period of geopolitical and geoeconomic reshaping, which is amplified by power competition between major regional and international actors. Among these actors, the European Union and the Russian Federation are in relations of both concurrence and cooperation in order to dominate the Black Sea energy complex thru control of hydrocarbons and transport routes. In addition, the importance of Pontus basin rises in economic field taking into account the fact that Black Sea is the shortest route from Central Asia-Caspian-Caucasus to Europe. In that context, the energy security doesn’t constitute only an objective of economic policy, but it became a constant concern for riparian states with direct impact on economy, society and environment.

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