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The collapse of the USSR has become a great opportunity for Azerbaijan to initiate and develop energy cooperation with the West because it is a country with large oil and gas reserves. After signing of "deal of the century" in 1994 first inflow of foreign capital allowed the development of new fields (Azerri-Czirag-Guneszli), building independent transmission network of energy resources to Europe (pipelines Baku-SUPSA, BTC and BTE), improving the condition of the Azerbaijani economy and the strengthening of Azerba...

In comparison to other countries of the Southern Caucasus, Armenia is the country with the least number of people, the smallest territory, landlocked, dependent on external energy supply. Armenia is also engaged in the military conflict in the area of neighboring Azerbaijan to defend the interests of Armenian living there. Armenia hasn?t got its own fossil energy sources and it is also not a transit country, which transit oil and natural gas through its territory. Therefore, this country is heavily dependent on en...