Central Asian, Caucasus energy rivalries intensify

Among China, Europe, and Russia, the competition over oil and gas from Central Asia and the Caucasus is intense and growing. In this rivalry China enjoys a cash advantage, while Russia builds on decades-long cultural and political ties. European companies offer more-advanced technology than is available from their Chinese and Russian competitors.

Rivalries aside, the external powers share an interest in promoting political stability in this major energy-producing region. Competition for political influence is likely to complicate the full utilization of the Caspian hydrocarbon wealth

More regional and international cooperation is needed. The speedy development of the region’s oil and gas resources would benefit all concerned parties.
OGJ