28/03/2026
Energy Crisis 2.0 — Implications for Eurasian region.
Recent statements from Fatih Birol, head of the International Energy Agency, warn that the world may be entering an energy crisis worse than the 1970s oil shocks and the 2022 disruptions combined.
For Eurasian region — including Uzbekistan, Kazakhstan, Turkmenistan, Kyrgyzstan, and Tajikistan — this is not a distant headline but a direct strategic challenge and opportunity.
Why it matters for India Eurasia Trade Council
* Disruptions in the Strait of Hormuz and global supply chains are reshaping energy flows:
* Oil supply shocks → price volatility benefiting exporters but creating pressure for importers
* LNG shortages → heightened competition for pipeline gas
* Trade route instability → increased importance of alternative corridors
Eurasia sits at the crossroads of Europe–Asia energy and transport corridors, giving the region a strategic role in the global energy map.
Regional impacts
1. Exporters (Kazakhstan, Turkmenistan)
* Higher prices can boost revenues
* Opportunities to strengthen partnerships with China, Europe, and South Asia
* Risk: dependence on limited export routes (Russia, China pipelines)
2. Energy-transition economies (Uzbekistan)
* Rising domestic demand and price pressures
* Accelerated reforms in gas, renewables, and efficiency
* Vulnerable to external shocks despite resource base
3. Hydro-dependent states (Kyrgyzstan, Tajikistan)
* Less exposed to fossil fuel price shocks
* Seasonal shortages and climate variability pose challenges
* Growing need for regional power trade integration
Strategic trends
* Diversification of export routes — Trans-Caspian corridors, China pipelines, South Asia links
* Regional energy cooperation — electricity trade and grid integration
* Acceleration of renewable energy — solar and wind projects in Uzbekistan and Kazakhstan
* Energy efficiency and demand management — policies aligned with IEA recommendations
Key risks
* Overreliance on a single export market or transit route
* Delayed infrastructure investment
* Domestic consumption outpacing supply
* Spillover from Middle East geopolitical tensions
Strategic takeaway for India.
Eurasia has a pivotal opportunity:
* Strengthen its role as a reliable energy partner
* Attract foreign investment into infrastructure and renewables
* Build long-term resilience to global shocks
Delay or inaction could amplify vulnerabilities.
Final thought
The global energy map is being redrawn. Eursia is no longer peripheral — it is becoming a strategic energy bridge between East and West. India should make full use of the partnership and relations with the region.
AV Anoop Wali Kashvi Asif Iqbal Baiju M Kumar DrVarghese Moolan Anil Kumar K G Embassy of the Kyrgyz Republic to India Russian Embassy in India Embassy of Kazakhstan in India Ministry of Foreign Affairs of the Kyrgyz Republic