Armenia: Prospects of Increased Energy Security

In August of this year, Armenia joined the increasing number of European countries seeking to develop shale hydrocarbon resources. (Read Armenia Sets Off Down the Shale Path HERE).

Isle of Man registered International Minerals and Mines has signed a memorandum of understanding with the Armenian government to "explore and develop shale fuel reserves" in the country.

The development came two months after Armenia and U.S signed a memorandum of understanding which envisages a “cooperative assessment and technical studies of Armenia’s energy resources, including any potential shale gas resources, to be jointly undertaken by Armenian Ministry of Energy and Natural Resources and the U.S. Geological Survey.

In the article Shale Gas Reserves Could Widen Armenia's Horizons, Michael Cecire examines how successful commercial development of Armenia's energy find could grant the landlocked Caucasus nation a measure of energy independence and, with it, newfound geopolitical freedom.

Read the article from the World Politics Review HERE (Registration may be required)