Energy Security Challenges and Opportunities for the Country of Georgia

Abstract

Abstract Georgia is a small, open, developing economy, situated in a key geopolitical area at the crossroads between Europe and Asia, striving to achieve greater energy and national security. Achieving energy security, however, can be challenging for a country poorly endowed with fossil fuels and with limited interactions with broader international energy markets. Georgia, luckily, has the potential to dramatically increase its energy security in the coming decades by means of greater integration with its neighbours and European energy markets, and building on the current emphasis on (and support for) energy transition and decarbonisation initiatives to fight climate change, leveraging its endowment of renewable energy sources and its strategic location between Europe and Asia.