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Clash of Realities: Gazprom’s Reasoning on the EU Gas Trade

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  • Julia S. P. Loe

Abstract

Gazprom, the state-controlled Russian energy company, has major export markets in the European Union, but these are changing, challenging the established trading principles of Russian gas. The EU promotes switching to hub-based pricing, whereas Gazprom, despite adapting to some degree, has continued to highlight the advantages of long-term contracts. This article analyses the reasoning of selected Gazprom actors from an institutional-cultural perspective. Apart from conflicts of interest between Russia and the EU, it finds deep-seated differences in worldviews and perceptions of appropriate behaviour in trade relations. Such factors may play a larger role in decision-making than is generally acknowledged.

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  • Julia S. P. Loe, 2019. "Clash of Realities: Gazprom’s Reasoning on the EU Gas Trade," Europe-Asia Studies, Taylor & Francis Journals, vol. 71(7), pages 1122-1139, August.
    • Handle: RePEc:taf:ceasxx:v:71:y:2019:i:7:p:1122-1139
    DOI: 10.1080/09668136.2019.1635569
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