Executive Summary

The ongoing conflict in Ukraine has had significant implications for the regional and global energy sector, particularly concerning the possible export options of oil and gas from the Caspian region. This area is becoming a major producer of these resources, and the export routes are critical to the energy security of many countries, especially those in Europe. The war in Ukraine has disrupted existing export routes and caused a re-evaluation of future options for exporting Caspian oil and gas. This paper examines the impact of the war in Ukraine’s energy sector and beyond and on the geopolitical implications of main Caspian oil and gas export options.

This paper will be part of the OGEL Special Issue on "The Impact of the War in Ukraine on the Energy Sector". More information here www.ogel.org/news.asp?key=718