The EU-Russia Gas Relationship: a mutual dependency
Current debate on the energy security in the EU often stresses the EU dependency on gas imports from Russia. However, Russia is no less dependent on the EU – more than half of its gas exports goes to Europe. The purpose of this paper is to characterize this mutual dependency through an index-based approach, and to discuss how the development of gas markets may affect such dependency. We suggest a unified framework to assess the security of gas supply for the EU and the security of gas demand for Russia, and construct dependency indexes for both parties. Our approach accounts not only for the traditional import/export dependency measures but also for the balance of power between Russia and the EU. The proposed methodology is then used to address the evolution of the EU-Russia gas relationship in the view of gas market’s developments. New gas pipelines projects (e.g., South Stream, Nabucco) and increasing use of liquefied natural gas are all likely to impact both the demand side and the supply side of the EU-Russia gas trade, and affect mutual gas dependency between the EU and Russia.
|Date of creation:||01 Sep 2012|
|Date of revision:|
|Contact details of provider:|| Postal: Stockholm Institute of Transition Economics, Stockholm School of Economics, P.O. Box 6501, SE-113 83 Stockholm, Sweden|
Phone: (+46 8) 736 9670
Fax: (+46 8) 31 64 22
Web page: http://www.hhs.se/site/
More information through EDIRC
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Le Coq, Chloe & Paltseva, Elena, 2009.
"Measuring the Security of External Energy Supply in the European Union,"
SITE Working Paper Series
2, Stockholm Institute of Transition Economics, Stockholm School of Economics.
- Le Coq, Chloé & Paltseva, Elena, 2009. "Measuring the security of external energy supply in the European Union," Energy Policy, Elsevier, vol. 37(11), pages 4474-4481, November.
- Franz Hubert & Irina Suleymanova, 2008.
"Strategic Investment in International Gas-Transport Systems: A Dynamic Analysis of the Hold-up Problem,"
Discussion Papers of DIW Berlin
846, DIW Berlin, German Institute for Economic Research.
- Irina Suleymanova & Franz Hubert, . "Strategic Investment in International Gas-Transport Systems: A Dynamic Analysis of the Hold-up Problem," Energy and Environmental Modeling 2007 24000059, EcoMod.
- Hubert, Franz & Ikonnikova, Svetlana, 2009.
"Investment Options and Bargaining Power the Eurasian Supply Chain for Natural Gas,"
17854, University Library of Munich, Germany.
- Franz Hubert & Svetlana Ikonnikova, 2011. "Investment Options And Bargaining Power: The Eurasian Supply Chain For Natural Gas," Journal of Industrial Economics, Wiley Blackwell, vol. 59(1), pages 85-116, 03.
- Finon, Dominique & Locatelli, Catherine, 2008. "Russian and European gas interdependence: Could contractual trade channel geopolitics?," Energy Policy, Elsevier, vol. 36(1), pages 423-442, January.
- Inderst, Roman & Wey, Christian, 2002.
"Buyer Power and Supplier Incentives,"
CEPR Discussion Papers
3547, C.E.P.R. Discussion Papers.
- Roman Inderst & Christian Wey, 2003. "Buyer Power and Supplier Incentives," CIG Working Papers SP II 2003-05, Wissenschaftszentrum Berlin (WZB), Research Unit: Competition and Innovation (CIG).
- Roman Inderst & Christian Wey, 2005. "Buyer Power and Supplier Incentives," Discussion Papers of DIW Berlin 464, DIW Berlin, German Institute for Economic Research.
- Le Coq, Chloé & Paltseva, Elena, 2012.
"Assessing gas transit risks: Russia vs. the EU,"
Elsevier, vol. 42(C), pages 642-650.
- Peter Havlik, 2010. "European Energy Security in View of Russian Economic and Integration Prospects," wiiw Research Reports 362, The Vienna Institute for International Economic Studies, wiiw.
- Sovacool, Benjamin K. & Mukherjee, Ishani, 2011. "Conceptualizing and measuring energy security: A synthesized approach," Energy, Elsevier, vol. 36(8), pages 5343-5355.
- repec:reg:rpubli:33 is not listed on IDEAS
When requesting a correction, please mention this item's handle: RePEc:hhs:hasite:0018. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Evelina Bonnier)
If references are entirely missing, you can add them using this form.