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ISET Economist Blog

A blog about economics in the South Caucasus.
Guram Lobzhanidze has not set their biography yet
Dec
28

Enguri HPP Is Closing While Demand on Abkhazia’s Side Keeps Growing: Challenges and Opportunities for The Georgia’s Electricity Sector at the Beginning Of 2021

According to the last four years’ data, Georgia has a chronic electricity deficit in ten months out of twelve, with the country showing an electricity surplus only in May and June (and, occasionally, in April and/or July). Despite the COVID-19 crisis dampening electricity demand in the country, 2020 was no exception. After two months - May and June - characterized by a positive generation-consumption gap, starting from July 2020 Georgia has been generating less electricity than required to cover consumption. To fill this deficit, Georgia imported energy ...
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Oct
05

COVID-19 Strikes Again: How the Pandemic is Affecting Georgia’s Energy Security

  Many of us well-remember the cold winter of 2006 when the Russian Federation cut its natural gas supply to Georgia. In general, it is clear that diversification in energy import markets reduces the risk of socio-economic shocks following political tensions with other countries. Fortunately, Georgia managed to find an alternative to the Russian supply and started importing gas from Azerbaijan. This blog will review the current gas import situation and discuss the expected trends in natural gas supply security. As Yergin (2006) notes, the primary fa...
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