The analysis of geopolitics and energy security policies in the Caspian region is a challenging research task. This is because of the specific development of international relations in this region and the evolution of its importance in the context of the functioning of the global energy market. Due to its special geopolitical location in central Eurasia and at the junction at the world’s largest trading routes, the region is gaining in importance, both politically and economically in contemporary international relations, and becoming a place where actors involved satisfy the need for energy security.

Russia is the world's biggest hydrocarbon producer. China is one of the world's largest and fastest-growing energy markets. The two are neighbours. Yet their energy relationship is very thin. Instead, they compete for vast and largely unexplored Central Asian resources. As Kazakh oil and Turkmen gas start flowing to China, Russia's traditional dominance in the region is diminishing. However, the Central Asian states are not passive pawns in a new 'great game'. The EU and the US can help these countries to turn the new energy geopolitics to their advantage.

The Caucasus and the Caspian areas have been a core interest for the main actors of international politics from the Persian Empire to the 21st century Chinese power. However, the internal and systemic constraints that once drove various political powers to compete for the control of the area has changed throughout history. This collective study will focus on issues such as the positional relevance of this region in the major powers’ policies, the peculiar legal status of the Caspian Basin (saline as a sea, closed like a lake), the energy policies of some of the Caucasian countries and the role of these strategic resources as a cause for possible conflicts or, conversely, as effective means for their non-violent resolution. These topics will be examined within nine essays from various fields of analysis, such as political science, legal studies, history and economy to ensure each topic is addressed with the appropriate depth of inquiry.

While intensive cooperation between China and the EU in the fields of energy use and environmental protection is needed, the question remains unanswered how this cooperation could be organized. This book puts the geopolitical implementation of energy security into the context of geo-economic systems in a global scale.

This book provides the first comprehensive analysis of US policy from the perspective of an analyst and scholar from the region. This volume discusses the US energy diplomacy in the Caspian Sea region since 2001. It compares the foreign policy of the Bush, Obama, and Trump administrations, following the changing role of energy in the behavior of the US toward states in the energy hubs of Central Asia and the Caspian Sea. The chapters employ historical analysis, regional analysis, interviews, and case studies to trace the evolution of US interests in the area and posits likely trends for future policy. Topics discussed include: China’s massive Belt and Road Initiative the energy and foreign policies of the Caspian littoral states in comparison with those of China, India, the European Union, and Turkey the escalation of differences among key OPEC members during the Trump era the impact of the oil price war on the US shale industry the spread of COVID-19 and its impact on the oil market Russian and U.S. competition in the EU energy market the US-China trade war and the role of energy in the first phase of the US-China trade deal the energy policy of the incoming US President, Joe Biden Shedding light on the complex geopolitics of the US-Caspian Sea Energy diplomacy, this volume will be of interest to researchers of foreign policy, diplomacy, international relations, and energy policy as well as policymakers and analysts working in related areas.

Once the landlocked backwater between Iran and the Soviet Union, the Caspian has in the last ten years emerged as the epicentre of vast conflicting interests in a region where massive geopolitical issues converge with enormous energy resources and dramatic latent instability. Russia's conflict in Chechnya is a direct by-product of the strategic importance of the Caspian region. _Troubled Waters_ presents a comprehensive analysis of the political and economic dynamics of the Caspian basin. It examines the area's historical evolution and the diverse issues and players in what has become a modern variant of the Great Game' of the nineteenth century. Following a historical overview of the region and its oil industries, the book analyses the domestic politics and the foreign policies of the five states bordering the Caspian- Russia, Iran, Azerbaijan, Kazakhstan and Turkmenistan. It further identifies all the external interests involved in the Caspian's political rivalries and control over its resources and territory, including the US, the major European powers, various nationalist movements, Islamic militants, multi-national corporations, NGOs and international financial institutions. These features, coupled with the political and economic risk assessment of the Caspian basin which this book provides, makes this a unique contribution to our understanding of a region which is strategically positioned at the territorial juncture of Russia, China, East Asia and the Middle East.

The opening of the Caspian Sea basin to Western investment following the breakup of the Soviet Union produced a major contest for access to the region's vast energy reserves on the part of powers as close as Russia, Turkey, and Iran, and as far away as Japan and the United States. Indeed, the struggle to exploit Caspian oil has been one of the most monumental geopolitical developments of the post-Cold War era as external powers vie for political, economic, and military influence in a region brimming not only with oil, but also with ethnic conflicts and historical animosities. The coming decade of rapidly increasing demand for energy will ensure the continued interest and engagement of external powers with often competing geopolitical agendas. Thus the geopolitical developments spawned by the opening of the Caspian Sea are likely to continue to far outweigh the actual impact of Caspian oil on world energy markets. This collection of essays by prominent scholars and international experts offers several important and often conflicting interpretations of the events unfolding along the shores of the world's oldest oil-producing region.