The Georgia-Russia standoff and the future of Caspian and Central Asian energy supplies

The latest military conflict between Georgia and Russia over the autonomous region of South Ossetia is likely to have a serious impact on export routes for the Caspian and Central Asian hydrocarbons and as a result on the existing European and Chinese plans of diversification of oil and gas supplies. The new energy game in the region is likely to be dominated by Russia, China and the energy producing nations of Kazakhstan and Turkmenistan, and could potentially include Iran, says Dr Shamil Yenikeyeff of the Oxford Institute for Energy Studies.

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