• Ms. Miugaliu Gonmei

Energy security is a new paradigm in contemporary times where most of the growing economies are depending on the efficient supply of oil and gas. The world demand for oil and gas continues to rise and energy-rich countries or a region are vying for lucrative production. Going 29 years of independence, Azerbaijan is one of the emerging energy-rich countries' of the Southern Caucasus in the Caspian Sea. The discovery of vast energy reserves in the Caspian basin has become the focus of world attention and it became vocal for Azerbaijan in the energy sector. Most of the findings are located in its Caspian section. The discovery of Azeri-Chirag- Gunashli oilfield with its approximate 6 billion barrels reserves and Shah Deniz gas field marks the turning point in the growth of the energy sector in Azerbaijan. Today, Azerbaijan is a net exporter of oil and gas its economic development is base on the production of hydrocarbon. In this juxtaposition, the paper analyzes Azerbaijan's importance of oil and gas and the tenet of energy security which resides in the production and efficient supply to meet its economic development requirement.

Energy Security, Azerbaijan, oil and gas production, export, revenue

"Azerbaijan’s Energy Security", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.7, Issue 8, page no.940-943, August-2020, Available :http://www.jetir.org/papers/JETIR2008120.pdf

"Azerbaijan’s Energy Security", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.7, Issue 8, page no. pp940-943, August-2020, Available at : http://www.jetir.org/papers/JETIR2008120.pdf