| ID | 190180 |
| Title Proper | EU and European transnational companies in Central Asia |
| Other Title Information | relocating agency in the energy sector |
| Language | ENG |
| Author | Moisé, Gian Marco |
| Summary / Abstract (Note) | This article argues that in the contentious energy market of Central Asia transnational corporations (TNCs) and local governments are the real forces at play. While the European Union (EU) has repeatedly shown interest in the region, scarce profitability of the economic ventures and lack of control over the actual investors have resulted in a loss of interest. Deconstructing the EU energy security strategy towards Central Asia, this article reflects how TNCs formally based in Europe have used the ‘Shield of Nationality’ as protection from the blows of resource-rich governments, while remaining driven by capital accumulation. A case study of the Italian oil and gas company ENI in Kazakhstan highlights how the mediation of home governments between corporations and local administrations depends on its relationship with the TNC. The article suggests that future research of the energy sector should consider the role of TNCs and their ambiguous relationship with their ‘home countries’. |
| `In' analytical Note | Central Asian Survey Vol. 41, No.4; Dec 2022: p.770-787 |
| Journal Source | Central Asian Survey Vol: 41 No 4 |
| Key Words | European Union ; Energy Security ; Central Asia ; Oil and gas ; Transnational Corporations ; ENI |