Eastern Mediterranean Area in Energy Security of The European Union: From Sea Border Issues to Economic Conflicts of Interest

Tutar, Hasan; Sarkhanov, Teymur; Huseynli, Nigar

doi:10.32479/ijeep.12602

Cited by 12 publications

(13 citation statements)

References 1 publication

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“…Today, the interdependence experienced on a global scale has gained even more importance with the increasing demand for energy resources. Due to the differences in strategy between countries regarding access to energy resources, the situation of interdependence may cause various conflicts (Tutar et al, 2022). Photovoltaic solar energy, a renewable energy source, is seen as an alternative to meet the challenges of energy scarcity from traditional sources (Sampaio, 2017).…”

Section: Discussionmentioning

confidence: 99%

Renewable Solar Energy Resources Potential and Strategy in Azerbaijan

Huseynli

2023

IJEEP

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Solar energy is an inexhaustible and pollution-free energy source that plays a significant role in the sustainable provision of energy services. The main purpose of this study is to examine the potential, current situation, future strategies, and policies of solar energy, which is a renewable resource in Azerbaijan. This study is research in which qualitative methods are used and within the scope of the study, literature review, systematic approach and inductive methods were used. In the study, Azerbaijan's policy towards solar energy has been examined based on the potential sources of solar energy, the current situation and the country's future strategies. Azerbaijan is slightly behind in the production of electricity from renewable energy sources. Along with all this, the most important strategic goals for the use of renewable and alternative energy sources in Azerbaijan have been defined. Thus, by 2030, the share of renewable energy investment in the country's total energy balance to 30% has been determined as the main goal. As a result of the study, it can be said that solar energy policies will have a positive effect on the country's economy in the coming years, since Azerbaijan has a geographical location and an infrastructure system that can be delivered to the countries in need.

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Section: Discussionmentioning

confidence: 99%

Renewable Solar Energy Resources Potential and Strategy in Azerbaijan

Huseynli

2023

IJEEP

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“…The alternative Trans-Anatolian gas pipeline TANAP will connect Azerbaijan with European countries and pass through Turkey, strengthening its energy position. The TANAP project is planned to be completed soon as an alternative to South Stream (Tutar et al, 2022).…”

Section: Literature Reviewmentioning

confidence: 99%

Factor Analysis Of Energy Security: Net Import Dependency

Kolosok

Kovalenko

2022

SEC

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This paper analyzes various aspects of energy dependency and identifies the hidden factors behind national energy security. Based on a review of the scientific literature, the factors that reduce energy security in the consumption of natural gas, oil, and nuclear energy generation were identified. One such factor is import dependency on energy resources. Import dependency on energy is a crucial characteristic of energy security and can exacerbate the effects of external aggression, non-competitive behavior, and pressure. Given the energy crisis of 2022, most countries around the world have revised their energy security policies to reduce import dependency by diversifying supplies and reducing dependence on Russian energy resources. The factor analysis of energy dependency ratios, 1990-2020, was used to study the energy security of the EU27 countries. The factor analysis was performed for annual indices calculated using the Eurostat database of “Simplified energy balances.” The paper hypothesized the existence of latent relationships between energy security variables for the twenty-seven EU countries. The hypothesis was verified using Bartlett’s sphericity test and Kaiser-Meyer-Olkin criterion. The results of hypothesis testing showed its statistical significance (the p-value < 0.05) and the possibility of factor analysis. Correspondence indices also indicated the adequacy of possible prediction of a set of variables. The factor analysis was executed in Python using the FactorAnalyzer module (the release 0.4.0). The principal factor extraction and the varimax rotation model were used to obtain the initial solution, preserving the orthogonality of the loading matrix. The factor structure of the model was confirmed for four factors consisting of the twenty-eight elements. The received four factors model allowed us to describe around 80% of the cumulative variance. It was found that each factor separately explained 46.89%, 15.80%, 10.91%, and 6.39% of the variance, respectively.

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“…Energy independence of the state as a component of energy security is a complex socioeconomic category characterized by a complex set of statistical indicators, the level of state independence in carrying out an energy policy that can withstand external and internal challenges through intensive measures of economic development. Without harming society and national production as a whole (Tutar et al, 2022).…”

Section: Energy and Energy Indexmentioning

confidence: 99%

The Relationship between the Stock Price and the Energy Index: A Research on the Energy Company with the Highest Brand Value in Turkey

Huseynli

2022

IJEEP

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The energy sector is one of the main drivers for the activity of other sectors. In this study, the causality between the BIST energy index values and the stock prices of Enerjisa, the energy company with the highest brand value in Turkey, in the period between January 2011 and June 2022, using the Granger causality test, was examined. Before proceeding to the Granger method, a series of necessary tests were carried out in accordance with the methodology, and appropriate lag lengths were determined. As a result of the study, a bilateral causality relationship was determined between the stock prices of Enerjisa company and the BIST energy index values. In other words, these variables become the Granger cause of each other.

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Eastern Mediterranean Area in Energy Security of The European Union: From Sea Border Issues to Economic Conflicts of Interest

Cited by 12 publications

References 1 publication

Renewable Solar Energy Resources Potential and Strategy in Azerbaijan

Renewable Solar Energy Resources Potential and Strategy in Azerbaijan

Factor Analysis Of Energy Security: Net Import Dependency

The Relationship between the Stock Price and the Energy Index: A Research on the Energy Company with the Highest Brand Value in Turkey

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