The author concentrates on the geopolitical games in the Caspian region and identifies the factors that have remained prominent in the last twenty years and, in fact, determined the developments in this part of the world, viz. oil and gas reserves, the scope of their industrial production, and the recently built export pipelines as geopolitical instruments of the Caspian states and T extra-regional players. He analyzes the geopolitical aims of Russia, the European Union, the U.S., and China, the key players responsible for the Caspian geopolitical context, to conclude that the region’s geopolitical, social, economic, and political future, as well as its interstate relations largely depend on the pace at which oil and gas is produced and pipeline projects implemented. © 2013, (publisher). All rights reserved.