Clingendael Alert, March 2025.
In recent years, Europe has turned its attention to the Caspian Sea as a key region to diversify away from Russian energy supplies and strengthen European energy security. The Caspian Sea is the world’s largest inland water body which lies at the crossroads between Europe and Asia, bordering on Azerbaijan, Kazakhstan, Turkmenistan, Russia and Iran. With its abundant energy sources, European stakeholders are intensifying their relations with some of the littoral countries