Possibility of potential coalitions in gas exports from the Southern Corridor to Europe: a cooperative game theory framework

Jafarzadeh, Amir; Shakeri, Abbas; Ghasemi, Abdolrasoul; Javan, Afshin

doi:10.1111/opec.12196

Cited by 3 publications

(1 citation statement)

References 8 publications

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“…An energy agreement without Türkiye is considered unsustainable, mainly due to its geographical location. Despite being resource-poor in terms of energy, Türkiye's strategic geographical position makes it an indispensable partner for the EU's energy supply security (Jafarzadeh et al, 2021). On the other hand, potential issues related to new pipeline projects for Turkmenistan's natural gas and Kazakhstan's oil exports through the Caspian Sea, arising from undefined legal reasons, should not be disregarded.…”

Section: The Roles Of the Organization Of Turkic States (Ots) In Inte...mentioning

confidence: 99%

The Roles of the Organization of Turkic States (OTS) in International Trade, Logistics and European Union’s (EU) Energy Supply Security

Toraman

2024

emaj

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While new trade routes may have been discovered, the political, economic, and commercial relations among countries may lead to a desire to reactivate old routes or increase their capacity for active use over time. In the aftermath of the Russia-Ukraine war, which is one of the most significant events happening worldwide, the impact of the Organization of Turkic States (OTS) on global trade, economic, and logistical activities has been examined. In the current research, the qualitative method was employed to conduct an in-depth examination of the role of the OTS in global trade, transportation corridors, and the EU's energy supply security. For this study, secondary sources such as databases, scientific journals, books, national and international news, etc., were utilized. The research particularly highlights the quest for alternative routes in global trade, especially in recent times. In this context, it is noteworthy that Türkiye and the OTS are among the most significant partners. The presence of OTS is evident in almost all North-South and East-West oriented developed trade corridors, which supports this situation qualitatively. Additionally, the presence of OTS member countries with abundant underground resources enables the optimization of both logistics and supply elements together. This study emphasizes the significance of the OTS in the global economy and commercial activities. Particularly, it highlights the crucial role of Türkiye and OTS as a bridge between East and West, especially after the Ukraine-Russia war. The implications for the future underscore the strengths of OTS and its importance in the times to come.

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Section: The Roles Of the Organization Of Turkic States (Ots) In Inte...mentioning

confidence: 99%

The Roles of the Organization of Turkic States (OTS) in International Trade, Logistics and European Union’s (EU) Energy Supply Security

Toraman

2024

emaj

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Consequences of the energy measures derived from the war in Ukraine on the level of prices of EU countries

Martínez-García,

Ramos-Carvajal,

Cámara

2023

Resources Policy

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A Solidarity Mechanism to Allocate Stored Natural Gas in Crisis

Csercsik,

Neumann

2024

The Energy Journal

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The interruption of natural gas flows via pipeline to Europe in 2022 has demonstrated that supply crises pose a threat. Although member states have demonstrated unity and solidarity, they could be better prepared to respond to such challenges. Currently, member states fill their natural gas storages independently. Cooperation and solidarity could deliver better outcomes by allowing the accumulated reserves of one or more members to be potentially redistributed to help others in need. In this paper we propose some possible guidelines for a potential solidarity framework based on voluntary participation. We argue that the proposed framework can mitigate the risk of supply-disruption of participants and formalize a game-theoretic model in order to capture the basic features of the problem. We demonstrate the operation of the approach using a simple example with risk-averse participants. JEL Classification: C51, C63, C72, L95, Q40

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Possibility of potential coalitions in gas exports from the Southern Corridor to Europe: a cooperative game theory framework

Cited by 3 publications

References 8 publications

The Roles of the Organization of Turkic States (OTS) in International Trade, Logistics and European Union’s (EU) Energy Supply Security

The Roles of the Organization of Turkic States (OTS) in International Trade, Logistics and European Union’s (EU) Energy Supply Security

Consequences of the energy measures derived from the war in Ukraine on the level of prices of EU countries

A Solidarity Mechanism to Allocate Stored Natural Gas in Crisis

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