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European Union’s Dependency on Russian Energy. Geopolitical Considerations

Author

Listed:
  • Silviu Negut

    (Academy of Economic Studies, Bucharest, Romania)

  • Marius Cristian Neascu

    (Academy of Economic Studies, Bucharest, Romania)

  • Viorel Mionel

    (Academy of Economic Studies, Bucharest, Romania)

Abstract

Russia is not a military or economic superpower anymore, but is still an energy superpower. It’s advantage? Russia controls the access to the energy resources on its own territory and the ones in its “close vicinity”. Considering the geostrategic energy resources, the Caspian Sea is a “Russian lake” or a “mare nostrum”. Bearing in mind that the Middle East is under “American control” and in conflict for thirty years, and China became a “black hole” in this field, absorbing anything it can, the Caspian area appeared for the European consumers “the promised land” of energy, especially after the implosion of the communist system. Now, here we find the most important international actors: Russia, USA, European Union and China. Will the Caspian area become a new “Middle East”?

Suggested Citation

  • Silviu Negut & Marius Cristian Neascu & Viorel Mionel, 2007. "European Union’s Dependency on Russian Energy. Geopolitical Considerations," Romanian Economic Journal, Department of International Business and Economics from the Academy of Economic Studies Bucharest, vol. 10(25bis), pages 295-314, November.
    • Handle: RePEc:rej:journl:v:10:y:2007:i:25bis:p:295-314
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    Cited by:

    1. Attila IAKOB & Claudia DARABAN, 2015. "Foreign Policy On The Slopes Of Caucasus," EURINT, Centre for European Studies, Alexandru Ioan Cuza University, vol. 2, pages 191-202.

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