The extraordinary risk of targeting regional energy assets
A cycle of retaliation against energy assets, though far from a guaranteed outcome, would be to the detriment of all and the benefit of none.
A cycle of retaliation against energy assets, though far from a guaranteed outcome, would be to the detriment of all and the benefit of none.
Expert regional analysis by MEI scholars and contributors.
In the corridors of power in Brussels, it is common to hear that the position of the EU High Representative for Foreign Affairs and Security Policy is an impossible job. It may actually become even more difficult for the outgoing Estonian Prime Minister Kaja Kallas, who is set to succeed the Spanish Josep Borrell as the European Union’s foreign policy chief in the coming weeks.
The question of whether Armenia’s recent shift away from reliance on Russia is reversible is central to understanding its democratization trajectory. In recent years, Armenia’s dependency on Russia for security and economic stability has been severely tested, particularly during the 2020 Second Karabakh War and subsequent Azerbaijani incursions on sovereign Armenian territory, where Russia’s lack of support led to widespread disillusionment. This discontent has spurred Armenia to diversify its security, economic, and diplomatic ties, with a notable strengthening of relations with the United States. However, the sustainability of this shift remains uncertain, as it hinges on various societal factors and internal dynamics.
Azerbaijan’s takeover of Karabakh in September 2023, while a disruptive event, has opened the window for renewed dialogue to peacefully resolve the longstanding tensions between Azerbaijan and Armenia. While the ongoing negotiations are unlikely to lead to a comprehensive peace deal in the near term, they could alter the strategic calculus of key actors in the region. The most likely and consequential outcome of the talks will be a peace framework agreement that could rebalance the regional status quo, potentially leading to a peace deal between Armenia and Azerbaijan.
Azerbaijan seeks to establish itself as a major actor in the global energy transition space as it prepares to host the 2024 UN Climate Change Conference (COP29) in Baku, on November 11-22. COP29 offers many opportunities to improve US-Azerbaijani energy cooperation, including by coordinating the United States’ clean energy technology goals with Azerbaijan’s renewable energy revolution.
After the Cold War, the Romanian government chose to slim down its sizeable defense industry, but it essentially maintained its state-backed structure, personnel, and management, thus producing a thoroughly inefficient system. Today, Romania retains a proclivity to purchase Western, and particularly American, defense equipment; but it has often neglected any thorough assessments of life cycle costs or real force design considerations.
The ongoing effort by various factions in Libya to gain control of the Central Bank of Libya (CBL) poses a clear and present danger for the entire country, threatening its safety and security as well as its economy.
As the Middle East becomes more autonomous and empowered domestically, the leaders in the region might consider more synergetic relations with each other and prepare national long-term plans that provide a balanced and integrated approach to social, technological, environmental, economic, and political development and progress.
Digital transformation will play a key role in shaping relations between Europe and the MENA region, but despite these high-level announcements, EU strategy and programming on the ground would need to expand to meet the region’s requirements and serve the EU’s strategic interests.
Afghanistan has long been an arena for proxy contestations by regional powers, which have adopted rather divergent Afghan policies over the past several decades of foreign occupation and are doing so again now when the country is in the vicelike grip of a resurgent Taliban.
On July 21, 2024, Iraq inaugurated a new power line connecting Turkey and Iraq to handle Turkish electricity imports. Iraq is operationalizing this new power line with the goal of ensuring a more stable energy future, reshaping its geopolitical relationships, and reducing its reliance on Iran.
The China-Pakistan Economic Corridor (CPEC), once heralded as a “game-changer,” has almost disappeared from the spotlight in recent years. The project has faced slow implementation, unpaid loans, corruption, and a dire security situation. How is China responding to Pakistan’s poor handling of CPEC, its perpetual financial troubles, and its periodic demands on China to bail it out?
How Economic Fragmentation Has Insulated the Region From the War in Gaza
Although Russia and China are in regular dialogue with the Houthis, the motivations that undergird the engagements of both countries differ markedly. The Houthis regard both Russia and China as partners against American unilateralism but have a warmer relationship with Moscow.